Article 74A written petition for execution against a vessel must state the matters set forth in the items of Article 21, as well as the place where the vessel is located and the name and current location of the captain of the vessel, and must be accompanied by an enforceable authenticated copy of a title of obligation, as well as the following documents:

Article 75After confiscating the certificate of the vessel's nationality, etc. (meaning the certificate of the vessel's nationality, etc. as prescribed in Article 114, paragraph (1) of the Act; the same applies hereinafter) or after being delivered the same, the court execution officer must immediately notify the obligor, the captain of the vessel, and the head of the District Transport Bureau or the Transport Branch Office of a District Transport Bureau having jurisdiction over the port of registry to that effect.

Article 76If the court execution officer performs the duty of confiscating the certificate of the vessel's nationality, etc. but is unable to achieve the purpose of doing so, the officer must notify the execution court of the circumstances of this.

Article 77The place designated by the Supreme Court which is referred to in Article 115, paragraph (1) of the Act is Muroran City, Sendai City, Chiyoda City of Metropolitan Tokyo, Yokohama City, Niigata City, Nagoya City, Osaka City, Kobe City, Hiroshima City, Takamatsu City, Kitakyushu City, or Naha City.

Article 78(1)A guarantee as referred to in Article 117, paragraph (1) of the Act may be provided through the submission to the execution court of a document evidencing that the obligor, with the permission of the execution court, has concluded with a bank, etc., a ship owner's mutual insurance union, or a fishing vessel insurance union a contract for consignment of a payment guarantee without a time limit, stipulating that the bank, etc., the ship owner's mutual insurance union, or the fishing vessel insurance union will pay a certain amount of money on behalf of the obligor at the demand of the execution court.

(2)The provisions of Article 58 apply mutatis mutandis to a realization under Article 78, paragraph (3) of the Act as applied mutatis mutandis pursuant to Article 117, paragraph (5) of the Act in connection with the document referred to in the preceding paragraph.

Article 79(1)After investigating the current conditions of a vessel, the court execution officer must submit to the execution court a written report of the investigation of current conditions stating the following matters by the prescribed date:

(2)A written report of the investigation of current conditions must be accompanied by a photograph of the vessel.

Article 80Notice of an order under Article 118, paragraph (1) of the Act must also be given to obligees other than the obligee effecting the seizure, as well as to the highest-bidding purchase offeror or the purchaser, and the next-highest-bidding purchase offeror.

Article 81If the navigation of a vessel subject to a permission under Article 118, paragraph (1) of the Act has been finished, but the certificate of the vessel's nationality, etc. is not returned to the execution court, the execution court may order the court execution officer to confiscate the certificate of the vessel's nationality, etc. from the obligor and submit it to the execution court, upon petition by the obligee effecting the seizure, the highest-bidding purchase offeror or the purchaser, or the next-highest-bidding purchase offeror.

Article 82If the execution court is not a district court having jurisdiction over the location of the vessel's registry, the court clerk of the execution court must commission the court clerk of that district court to post a document stating the content of a public notice at the posting area of the district court or at another place within the court that is easily visible to the public, by two weeks prior to the bidding date, the day of the commencement of the bidding period, or the auction date.

Article 83(1)The provisions of Division 1 of the preceding Subsection (excluding Articles 23 through 24, Article 29, Article 30, paragraph (1), items (iv) and (v) and paragraph (2), Article 31-2 (including as applied mutatis mutandis pursuant to Article 38, paragraph (7) (including as applied mutatis mutandis pursuant to Article 49), Article 50, paragraph (4), Article 51, paragraph (9), and Article 51-4, paragraph (4)), Article 36, paragraph (1), item (vii) and paragraph (2) (including as applied mutatis mutandis pursuant to Article 49 and Article 50, paragraph (4)), Article 51-2, Article 51-3, and Article 51-7) apply mutatis mutandis to execution against a vessel, the provisions of Article 57 apply mutatis mutandis to a realization of securities under Article 78, paragraph (3) of the Act as applied mutatis mutandis pursuant to Article 117, paragraph (5) of the Act, and the provisions of Article 65, paragraphs (2) and (3) and Article 66 apply mutatis mutandis to a custodian for execution against a vessel.

(2)The place where the vessel is located must also be indicated in the public notice under Article 36, paragraph (1) as applied mutatis mutandis pursuant to the preceding paragraph.

(3)A bidder in the bidding prescribed in Article 34 as applied mutatis mutandis pursuant to paragraph (1) or a person intending to make a purchase offer in the auction prescribed in Article 50, paragraph (1) as applied mutatis mutandis pursuant to paragraph (1) is to submit a copy of their resident record or a document that serves to establish their address to the court execution officer.

Article 84With regard to compulsory execution against an airplane or rotary-winged aircraft (hereinafter referred to as an "aircraft") that has been newly registered as prescribed in Article 5 of the Civil Aeronautics Act (Act No. 231 of 1952), the provisions of Chapter II, Section 2, Subsection 2 of the Act (excluding Articles 57 and 62 of the Act as applied mutatis mutandis pursuant to Article 121 of the Act) and the preceding Subsection (excluding Articles 77 and 79, and Articles 28, 30-2, 30-4, and 31 as applied mutatis mutandis pursuant to Article 83) apply mutatis mutandis. In this case, the phrase "document proving the nationality of the vessel" in Article 114, paragraph (1) of the Act is deemed to be replaced with "aircraft registration certificate," the phrase "location of the vessel's registry" in Article 115, paragraph (1) of the Act and Article 82 is deemed to be replaced with "location of the home base," the phrase "procedure for preparation of the description of property" in Article 49, paragraph (1) of the Act as applied mutatis mutandis pursuant to Article 121 of the Act is deemed to be replaced with "submission of the appraisal report," the phrase "as well as the place where the vessel is located and the name and current location of the captain of the vessel" in Article 74 is deemed to be replaced with "as well as the place where the vessel is located," the phrase "the captain of the vessel, and the head of the District Transport Bureau or the Transport Branch Office of a District Transport Bureau having jurisdiction over the port of registry" in Article 75 is deemed to be replaced with "and the Minister of Land, Infrastructure, Transport and Tourism," and the phrase "description of property, the written report of the investigation of current conditions, and the appraisal report" in Article 36, paragraph (1), item (viii) as applied mutatis mutandis pursuant to Article 83, paragraph (1) is deemed to be replaced with "appraisal report."

Article 85(1)When selling an aircraft through sealed bidding or auction, the court clerk must begin keeping a copy of the appraisal report at the execution court so as to make it available for public inspection or must begin taking a measure equivalent to the measure referred to in Article 31, paragraph (1) for information about the contents of the appraisal report, by one week prior to the day of the implementation of the sale.

(2)The provisions of Article 31, paragraph (4) apply mutatis mutandis when the contents of an appraisal report are disclosed pursuant to the provisions of the preceding paragraph.

Article 86Compulsory execution against a registered automobile as prescribed in Article 13, paragraph (1) of the Road Transport Vehicle Act (Act No. 185 of 1951) (excluding the large-sized special automobile prescribed in the proviso to Article 2 of the Automobile Mortgage Act (Act No. 187 of 1951); hereinafter referred to as an "automobile") (hereinafter referred to as "execution against an automobile") is done through a compulsory auction.

Article 87(1)With regard to execution against an automobile, the district court having jurisdiction over the location of the principal place of use as registered in the automobile registration file of that automobile (hereinafter referred to as the "principal place of use of the automobile") has jurisdiction over it as the execution court.

(2)The jurisdiction of the court referred to in the preceding paragraph is exclusive jurisdiction.

Article 88A written petition for execution against an automobile must state the matters set forth in the items of Article 21, as well as the principal place of use of the automobile, and must be accompanied by an enforceable authenticated copy of a title of obligation, as well as a document evidencing the matters recorded in the automobile registration file.

Article 89(1)In order to commence a compulsory auction procedure, the execution court must issue a commencement order, and in that commencement order, declare that an automobile must be seized for the obligee and order the obligor to deliver the automobile to the court execution officer; provided, however, that if a notification under paragraph (1) of the following Article has been made with regard to that automobile, the order to the obligor is not required.

(2)If the court execution officer is delivered an automobile prior to the service of the commencement order for a compulsory auction or prior to the registration of a seizure, the seizure becomes effective at the time the officer is delivered the automobile.

(3)An appeal may be filed against the execution of the commencement order referred to in paragraph (1).

(4)Delivery based on the commencement order referred to in paragraph (1) may be executed even prior to the service of that commencement order upon the obligor.

Article 90(1)After being delivered an automobile based on a commencement order for a compulsory auction; or after a commencement order for a compulsory auction is issued for an automobile that has been delivered based on an order under Article 115, paragraph (1) of the Act as applied mutatis mutandis pursuant to Article 97; or after executing an order under Article 127, paragraph (1) of the Act as applied mutatis mutandis pursuant to Article 97, the court execution officer must notify the execution court of this as well as the place and manner in which the automobile is retained.

(2)If the court execution officer changes the place or manner in which an automobile is retained after giving notification under the preceding paragraph, the court execution officer must notify the execution court of the changed place or manner of retention.

Article 91(1)If the court execution officer finds it reasonable, the officer may allow the obligee effecting the seizure, the obligor, or any other person that is found to be appropriate to retain the delivered automobile.In this case, the court execution officer must make it clear that the automobile is under the possession of the court execution officer by attaching a written public notice to it or by any other means, and, unless the automobile is permitted to be driven pursuant to the provisions of the following paragraph, must take appropriate measures to prevent the automobile from being driven.

(2)If the court execution officer finds that there to be a business necessity or other reasonable grounds, at the petition of an interested person, the officer may permit the automobile to be driven after obtaining the permission of the district court to which the officer belongs.

Article 92If the execution court finds it to be necessary, it may order the court execution officer to forward an automobile to a specific place.

Article 93(1)If the court execution officer belonging to a district court other than the execution court is in possession of an automobile, unless the case is transferred pursuant to the provisions of paragraph (1) of the following Article, the execution court must commission that district court to issue an order to forward the automobile to a specific place within the jurisdictional district of the execution court and to deliver it to the court execution officer that belongs to the execution court.

(2)The provisions of Article 90, paragraph (1) apply mutatis mutandis when the court execution officer is delivered an automobile through the forwarding prescribed in the preceding paragraph.

Article 94(1)If the court execution officer belonging to another district court is in possession of an automobile and the execution court finds that forwarding the automobile to a place within the jurisdictional district of the execution court would require an unreasonable cost, the execution court may transfer the case to that district court.

(2)No appeal may be entered against an order under the preceding paragraph.

Article 95The court clerk may not have the court execution officer implement the sale of an automobile until after the court execution officer acquires possession of the automobile within the court clerk's jurisdictional district.

Article 96(1)If the court clerk finds it to be reasonable, the court clerk may order the court execution officer to implement the sale of an automobile other than through sealed bidding or an auction.In this case, the provisions of Article 51 (excluding the first sentence of paragraph (1) and paragraph (9) (limited to the portion to which the provisions of Article 31-2 apply mutatis mutandis)) apply mutatis mutandis.

(2)Notwithstanding the provisions of Article 64 of the Act as applied mutatis mutandis pursuant to Article 97 or the provisions of the preceding paragraph, if the execution court finds it to be reasonable, that execution court, upon petition by an obligee effecting an seizure and making a purchase offer, may permit the sale of an automobile to that obligee.

(3)Notice of an order of permission of sale under the preceding paragraph must also be given to obligees other than the obligee effecting the seizure.

Article 96-2(1)Once the purchaser submits a document evidencing the payment of the purchase money, the court execution officer must deliver the automobile to the purchaser.In this case, if the automobile is retained by a person other than the court execution officer, the court execution officer, with the consent of the purchaser, may deliver the automobile by notifying the custodian to deliver the automobile to the purchaser.

(2)Once the court execution officer delivers the automobile to the purchaser, the court execution officer must make this clear and indicate the date of the delivery clearly in the records.

Article 96-3(1)If the document set forth in Article 39, paragraph (1), item (vii) or (viii) of the Act is submitted, the court clerk must notify the court execution officer to that effect.

(2)If the court execution officer receives a notice under the preceding paragraph, but there is likely to be a considerable decline in the price of the delivered automobile or the retention of that automobile would require an unreasonable cost, the court execution officer must notify the obligee effecting the seizure, the obligor, and the mortgagee to that effect.

(3)In the case prescribed in the preceding paragraph, if a petition is filed by the obligee effecting the seizure or the obligor, the execution court may determine to sell the automobile pursuant to the provisions of Article 64 of the Act as applied mutatis mutandis pursuant to Article 97, or pursuant to the provisions of Article 96; provided, however, that this does not apply if a mortgage has been established on the automobile.

(4)If an order under the preceding paragraph is issued, the court clerk must notify the non-filer of the petition referred to in that paragraph, constituting either the obligee effecting the seizure or the obligor, to that effect.

(5)If an automobile is sold based on an order under paragraph (3), and its purchase money is paid to the execution court, the court clerk must make a statutory deposit of the proceeds of the sale.

Article 96-4(1)If a petition for execution against an automobile is withdrawn or once an order to rescind a compulsory auction procedure becomes effective, the court clerk must notify the court execution officer to that effect.

(2)When the court execution officer is notified as under the preceding paragraph, and the person having the right to receive an automobile is a person other than the obligor, the court execution officer must notify that person that the petition for execution against an automobile has been withdrawn or that the compulsory auction procedure has been rescinded.

(3)If notified as under paragraph (1), the court execution officer must deliver the automobile to the person having the right to receive it at the place where it is located; provided, however, that this does not apply if the person having the right to receive the automobile has retained it.

(4)If the court execution officer is unable to make a delivery under the preceding paragraph, the execution court, at the petition of the court execution officer, may decide to sell the automobile through the procedure of execution against an automobile.

(5)If an order under the preceding paragraph is issued, the court clerk must notify the obligor and the mortgagee to that effect.

(6)If an automobile is sold based on an order under paragraph (4), and its purchase money is paid to the execution court, the execution court must deduct the costs required for the sale and retention from the proceeds of the sale, and if there is any remainder, it must prepare a statement of delivery of the proceeds of the sale, and deliver the payment money to the mortgagee and deliver any surplus to the obligor.

(7)The provisions of Articles 88 and 91 of the Act, and Article 92, paragraph (1) of the Act, and the provisions of Articles 59 through 61 apply mutatis mutandis if the payment money and surplus are delivered pursuant to the provisions of the preceding paragraph.

Article 97(1)The provisions of Chapter II, Section 2, Subsection 1, Division 2 of the Act (excluding Article 45, paragraph (1) of the Act, Article 46, paragraph (2) of the Act, Articles 55 through 57 of the Act, Article 59, paragraph (4) of the Act, Articles 61, 62, 64-2, and 65-2 of the Act, Article 66 of the Act (limited to a case involving a purchase offer as referred to in Article 96, paragraph (2)), Articles 68-2 and 68-4 of the Act, Article 69 of the Act (limited to a case involving an order of permission of sale under Article 96, paragraph (2)), Article 71, item (v) of the Act, Articles 77, 81, 83, and 83-2 of the Act, and Article 86, paragraph (2) of the Act), Article 115 of the Act (excluding the second sentence of paragraph (1)), Articles 120 and 127 of the Act, and the provisions of Subsection 1, Division 1 of this Section (excluding Articles 23 through 24, Articles 27-2 through 29, Article 30, paragraph (1), items (iv) and (v) and paragraph (2), Articles 30-2, 30-4, 31, 31-2 (including as applied mutatis mutandis pursuant to Article 38, paragraph (7) and Article 50, paragraph (4)), and 33, the portion related to period bidding in Article 34, Article 36, paragraph (1), items (v) through (vii) and paragraph (2) (including as applied mutatis mutandis pursuant to Article 50, paragraph (4)), Articles 46 through 49, Articles 51 through 51-4, Article 51-7, Article 54 (limited to a case involving an order of permission of sale under Article 96, paragraph (2)), Article 55 (limited to a case involving an order of permission of sale under Article 96, paragraph (2)), and Articles 55-2 and 58-3), and Articles 85 and 109 apply mutatis mutandis to execution against an automobile.In this case, the phrase "procedure for preparation of the description of property" in Article 49, paragraph (1) of the Act is deemed to be replaced with "submission of the appraisal report," the phrase "by the time when the order of permission of sale becomes final and binding" in Article 78, paragraph (4) of the Act is deemed to be replaced with "by the time when the order of permission of sale becomes final and binding or at the time of making the purchase offer referred to in Article 96, paragraph (2) of the Rules of Civil Execution," the phrases "certificate of the vessel's nationality, etc." and "vessel's registry" in Article 115, paragraphs (1) and (4) of the Act is deemed to be replaced with "automobile," the phrase "within five days" in Article 115, paragraph (4) of the Act is deemed to be replaced with "within ten days," the phrase "certificate of the vessel's nationality, etc. within two weeks" in Article 120 of the Act is deemed to be replaced with "automobile within one month," the term "seized property" in Article 127, paragraphs (1) and (2) of the Act is deemed to be replaced with "automobile that had been possessed by the obligor at the time when the seizure became effective," the phrase "the description of property, the written report of the investigation of current conditions, and the appraisal report" in Article 36, paragraph (1), item (viii) is deemed to be replaced with "the appraisal report," and the phrase "If seized property comes to be located outside the jurisdictional district of the district court to which the court execution officer carrying out the seizure belongs" in Article 109 is deemed to be replaced with "If an automobile for which the court execution officer has acquired possession comes to be located outside the jurisdictional district of the district court to which that court execution officer belongs."

(2)A bidder in the bidding prescribed in Article 34 (excluding the portion related to period bidding) as applied mutatis mutandis pursuant to the preceding paragraph or a person intending to make a purchase offer in the auction prescribed in Article 50, paragraph (1) as applied mutatis mutandis pursuant to the preceding paragraph is to submit a copy of their resident record or a document that serves to establish their address to the court execution officer.

Article 98With regard to compulsory execution against construction machinery that has been registered as referred to in Article 3, paragraph (1) of the Construction Machinery Hypothecation Act (Act No. 97 of 1954) (hereinafter referred to as "Construction Machinery"), the provisions of the preceding Subsection apply mutatis mutandis. In this case, the phrase "the location of the principal place of use as registered in the automobile registration file of that automobile (hereinafter referred to as the 'principal place of use of the automobile')" in Article 87, paragraph (1) and the phrase "the principal place of use of the automobile" in Article 88 is deemed to be replaced with "the place of registration of the construction machinery."

Article 98-2With regard to compulsory execution against a registered small-sized vessel as prescribed in Article 9, paragraph (1) of the Act on Registration, etc. of Small-Sized Vessels (Act No. 102 of 2001) (hereinafter referred to as a "small-sized vessel"), the provisions of the preceding Subsection apply mutatis mutandis. In this case, the phrase "the location of the principal place of use as registered in the automobile registration file of that automobile (hereinafter referred to as the 'principal place of use of the automobile')" in Article 87, paragraph (1) and the phrase "the principal place of use of the automobile" in Article 88 is deemed to be replaced with "the port of registry as registered in the small-sized vessel registry of the small-sized vessel."

Article 99A written petition for execution against movables must state the matters set forth in the items of Article 21, as well as the place where the movables to be seized are located.

Article 100In choosing the movables to be seized, the court execution officer must consider the interests of the obligor, but not if this harms the interests of the obligee.

Article 101If the places where several movables to be seized simultaneously are located are both in and outside the jurisdictional district of the district court to which the court execution officer belongs, the officer may also seize the movables located outside the jurisdictional district.

Article 102(1)The seizure record that must be prepared when movables are seized must state the matters set forth in the items of Article 13, paragraph (1), and must indicate any seized property that the obligor reports not to be owned by that obligor.

(2)In the statement of the subject matter of the civil execution referred to in Article 13, paragraph (1), item (ii) in a seizure record, the type, material, and any other information sufficient to identify the seized property, as well as the quantity and appraised value of the seized property (if this includes natural fruits prior to being separated from the land, the harvest time, the estimated harvest quantity, and appraised value at the time of the harvest of those fruits) must be clearly indicated.

Article 103(1)The officer must notify the obligor after carrying out a seizure.

(2)If the court execution officer seizes an incomplete negotiable instrument (meaning a negotiable instrument as prescribed in Article 136 of the Act; the same applies hereinafter), the officer must demand that the obligor supplement the matters to be stated in that negotiable instrument, specifying a time limit for the same.

(3)Once the obligor supplements the matters referred to in the preceding paragraph, the court execution officer must make this clear and indicate the contents of the supplement clearly in the records.

Article 104(1)In addition to the case referred to in the first sentence of Article 123, paragraph (3) of the Act as applied mutatis mutandis pursuant to Article 124 of the Act, if the court execution officer finds it to be reasonable, the officer may allow the obligee effecting the seizure or a third party retain seized property.

(2)If the court execution officer allows the obligor, the obligee effecting the seizure, or a third party to retain seized property, the court execution officer must seal the property with a seized property sealing slip or must attach a seized property indication slip to the property, or if doing so is difficult, must use some other means to indicate on the property that the property is seized property, the date of the seizure, and the job title and the name of the court execution officer.

(3)If the court execution officer allows the obligor, the obligee effecting the seizure, or a third party to retain seized property, the court execution officer must inform that person of the legal sanction against disposal of the seized property, causing damage to anything that is indicating the seizure, and any other acts.

(4)When permitting the person retaining seized property to use that property, the court execution officer must make this clear in the indication under paragraph (2).

(5)If the court execution officer finds it to be particularly necessary, the officer may have seized property retained outside the jurisdictional district of the district court to which the officer belongs.

Article 105(1)If the court execution officer allows the obligor, the obligee effecting the seizure, or a third party to retain seized property, the officer must prepare a record stating the name and address of the custodian, the date and place of retention, the seized property retained, the means of indicating its seizure, and the terms for retention, and must have the custodian affix a signature and seal to it.

(2)If seized property is returned to the court execution officer by the custodian, the officer must make this clear in the records.

(3)In the case prescribed in the preceding paragraph, if there is any deficiency in or damage to the seized property, the court execution officer must notify any non-custodial obligee effecting the seizure or other obligee to that effect, and must prepare a record stating the deficient seized property or the extent of the damage to the seized property, and the measures taken by the court execution officer with regard to that seized property.

Article 106If the court execution officer consolidates cases, the officer must notify any obligee effecting a seizure, any obligee effecting a provisional seizure, and any obligor to that effect.

Article 107(1)If two cases of execution against movables are to be consolidated pursuant to the provisions of the first sentence of Article 125, paragraph (2) of the Act, and the court execution officer that has previously carried out a seizure and the court execution officer receiving a petition for execution against movables subsequent to this belong to different district courts, the court execution officer subsequently receiving the petition for execution against movables must prepare a seizure record or a record stating that there are no movables to be seized, and then transfer the case to the court execution officer that carried out the seizure previously.

(2)If a case of execution of a provisional seizure and a case of execution against movables are to be consolidated pursuant to the provisions of the second sentence of Article 125, paragraph (2) of the Act, and the court execution officer that has executed the provisional seizure and the court execution officer receiving the petition for execution against movables belong to different district courts, the court execution officer receiving the petition for execution against movables must request the court execution officer that has executed the provisional seizure to transfer the case.

(3)The court execution officer that is requested to transfer a case pursuant to the provisions of the preceding paragraph must transfer the case to the court execution officer that requesting the transfer without delay.

Article 108(1)If the court execution officer has allowed the obligor, the obligee effecting the seizure, or a third party to retain seized property, and is so requested by the obligee effecting the seizure or the obligor or finds it to be otherwise necessary to do so, the officer may inspect the status of retention of the seized property.

(2)After inspecting seized property, the court execution officer must prepare an inspection record stating whether or not there is any shortage in or damage to the seized property, the extent of this, and the measure taken by the court execution officer with regard to the short or damaged seized property, and if there is any shortage in or damage to the seized property, the officer must notify any non-custodial obligee effecting the seizure and the obligor to that effect.

Article 109If seized property comes to be located outside the jurisdictional district of the district court to which the court execution officer carrying out the seizure belongs, and it is necessary for reclamation of the seized property, the court execution officer may perform duties outside the jurisdictional district of the district court to which the officer belongs.

Article 110(1)If the court execution officer seizing the seized property in question belongs to another district court, the court execution officer executing a delivery order under Article 127, paragraph (1) of the Act must notify the seizing officer that the executing officer has executed the delivery order.

(2)The court execution officer notified as under the preceding paragraph must claim the seized property; provided, however, that if the officer finds that claiming the seized property would require an unreasonable cost, the officer may transfer the case of execution against movables to the court execution officer executing the delivery order.

Article 111(1)If the court execution officer seizes movables of high value, the officer must appoint an appraiser and have the appraiser appraise the movables.

(2)If the court execution officer finds it to be necessary, the officer may appoint an appraiser and have that appraiser appraise any seized property.

(3)After appraising seized property, the appraiser must submit an appraisal report to the court execution officer by the prescribed date.

Article 112Natural fruits that have been seized prior to being separated from the land must not be sold until after the arrival of harvest time.

Article 113If the court execution officer finds it reasonable, in consideration of the type, quantity, etc. of several movables to be sold, to have a single purchaser purchase these movables in a package, the officer may sell these movables in a package.

Article 114(1)When selling movables through an auction, the court execution officer must specify the date, time, and place for carrying out proceedings on the auction date.In this case, the auction date must be a day that falls within a period no earlier than one week and no later than one month after the day of the seizure, unless there is a compelling reason for this to be otherwise.

(2)With the permission of the execution court, the court execution officer may carry out proceedings on the auction date at a place outside the jurisdictional district of the district court to which the officer belongs.

Article 115After specifying the auction date, the court execution officer must issue public notice of the following matters, and notify each obligee and obligor of the matters set forth in item (iii):

Article 116(1)On the auction date, after calling out the highest of the purchase offer prices three times, the court execution officer must announce the name and the purchase offer price of the person making that offer, and announce that the person is permitted to make the purchase; provided, however, that this does not apply if the purchase offer price is found to be unreasonable.

(2)If the payment day is prescribed when movables are sold pursuant to the provisions of Article 118, paragraph (2), and it is expected to be possible to fully perform the claims and execution costs of the respective obligees with the proceeds of some of those movables, the court execution officer must withhold the auction of the remaining movables.

(3)The provisions of Article 38, paragraphs (3) through (5), the portion related to proof of identity in Article 43, and Article 50, paragraphs (1) and (2) apply mutatis mutandis to the auction of movables, and the provisions of the portion related to the request for assistance in Article 43 apply mutatis mutandis if the court execution officer implements an auction within the district court to which the officer belongs.

Article 117(1)The court execution officer must make the movables to be sold available for inspection by the general public on or prior to the auction date.

(2)If the court execution officer is making the movables to be sold available for inspection by the general public prior to the auction date, and the movables are within a building possessed by the obligor, the court execution officer must attend the inspection. The same applies if the custodian of the movables requests that the court execution officer attend in a situation other than that prescribed in the first sentence.

(3)If the court execution officer makes the movables that are to be sold available for inspection by the general public prior to the auction date, or if the court execution officer attends the inspection pursuant to the provisions of the preceding paragraph, the officer must make this clear in the records.

Article 118(1)If the purchase is permitted on the auction date, the purchaser must immediately pay the purchase money, unless the purchaser pays on the payment day which is specified pursuant to the provisions of the following paragraph.

(2)If the sale price of the seized property is expected to be high, the court execution officer may specify a day that falls within one week from the auction date as the payment day.

(3)If the payment day is specified pursuant to the provisions of the preceding paragraph, a person intending to make a purchase offer must provide a guarantee equivalent to two-tenths of the appraised value of the seized property to the court execution officer.

(4)The money that the purchaser has submitted as a purchase offer guarantee pursuant to the provisions of the preceding paragraph will be applied to the purchase money.

(5)If the court execution officer implements an auction after specifying the payment day, the officer must indicate clearly in the records that payment day, the purchaser's way of providing the guarantee, and whether or not the purchase money has been paid.

(6)If the purchaser fails to pay the purchase money on the payment day, the purchaser may not claim the return of the portion of the purchase offer guarantee that is equivalent to the amount that has been deemed to be proceeds pursuant to the provisions of the following paragraph.

(7)In the case of a further sale of movables because the purchaser fails to pay the purchase money on the payment day, if the later sales price does not reach the level of the earlier sales price, the purchase offer guarantee provided by the earlier purchaser is deemed to become proceeds to the extent of the difference between those sales prices.

(8)If a purchase offer guarantee is submitted through the submission of a document as referred to in Article 40, paragraph (1), item (iv) as applied mutatis mutandis pursuant to the following paragraph, and the purchaser fails to pay the purchase money, the court execution officer must demand that the bank, etc. pay money in the amount specified by the court execution officer.

(9)The provisions of Article 40 apply mutatis mutandis to the purchase offer guarantee referred to in paragraph (3).

Article 119(1)When the details of a civil execution that has been implemented as referred to in Article 13, paragraph (1), item (iv) are entered in the auction record that must be prepared after the action is implemented, the following matters must be clearly indicated:

(2)The court execution officer must have the person prescribed in Article 13, paragraph (2) as well as the purchaser or their representative or agent affix a signature and seal to the auction record.In this case, the provisions of the second sentence of that paragraph apply mutatis mutandis.

Article 120(1)Sealed bidding to sell movables is done in such a way that sealed bids are tendered and then opened on the bidding date.

(2)Once the bid opening ends, the court execution officer must announce the name and the bid price of the bidder making the purchase offer that constitutes the highest price, and announce that the person is permitted to make the purchase.

(3)The provisions of Article 38 (excluding paragraph (7)), Article 41, paragraphs (1) and (2), Article 42, paragraphs (1) and (2), the portion related to proof of identity in Article 43, Articles 114 and 115, the proviso to Article 116, paragraph (1), paragraph (2) of that Article, and the preceding three Articles apply mutatis mutandis to bidding for movables, and the provisions of the portion related to the request for assistance in Article 43 apply mutatis mutandis if the court execution officer implements bidding within the district court to which the officer belongs.

Article 121(1)If the court execution officer finds it to be reasonable in consideration of the type, quantity, etc. of movables, the officer may implement a sale of seized property other than through sealed bidding or an auction, with the permission of the execution court.

(2)Prior to seeking the permission referred to in the preceding paragraph, the court execution officer must hear the opinion of the obligee effecting the seizure.

(3)In requesting the permission referred to in paragraph (1), the court execution officer must clearly indicate the means of implementing sale.

(4)If the court execution officer obtains the permission referred to in paragraph (1), the officer must notify each obligee and obligor to that effect.

(5)The provisions of Article 119 apply mutatis mutandis to the record that must be prepared when a sale of seized property is implemented pursuant to the provisions of paragraph (1).

Article 122(1)If the court execution officer finds it to be reasonable in consideration of the type, quantity, etc. of movables, the officer may have a person other than the court execution officer implement a sale of seized property, with the permission of the execution court.

(2)In requesting the permission referred to in the preceding paragraph, the court execution officer must clearly indicate the person that will implement the sale and the means of implementing the sale.

(3)When the court execution officer receives the proceeds of a sale from the person implementing the sale, the officer must indicate clearly in the records the person implementing the sale, and the amount and the delivery date of the proceeds.

(4)The provisions of paragraphs (2) and (4) of the preceding Article apply mutatis mutandis to the permission referred to in paragraph (1).

Article 123(1)Securities with a quotation on an exchange must be sold at a price that is no less than the quotation on that day.

(2)The part of the preceding two Articles related to the permission of the execution court does not apply to the securities referred to in the preceding paragraph.

Article 124Precious metals and finished goods made of them must be sold at a price that is no less than their price as unprocessed metals.

Article 125If there has been a further sale of a movable because the purchaser failed to pay the purchase money for the movable, the earlier purchaser may not make a purchase offer.

Article 126(1)Once the purchaser pays the purchase money, the court execution officer must deliver the sold movable to the purchaser.In this case, if that movable is being retained by a person other than the court execution officer, the court execution officer, with the consent of the purchaser, may deliver the movable by issuing a document evidencing the fact of the sale to the purchaser, and notifying the custodian that the custodian must deliver the movables to the purchaser.

(2)Once the court execution officer delivers sold movables, the officer must make this clear and indicate the date of the delivery clearly in the records.

Article 127(1)A seizure of movables is rescinded by the court execution officer's notifying the obligor and any other person having the right to receive the movables of the rescission of the seizure, and delivering the movables at the place where the movables are located; provided, however, that if a person having the right to receive the movables has retained the movables, it is sufficient for the court execution officer to notify that person of the rescission of the seizure.

(2)If the court execution officer rescinds a seizure of movables and the person having the right to receive the movables released by the rescission is not the obligor, the court execution officer must notify the obligor of the rescission of the seizure of the movables.

(3)If movables released in the rescission of a seizure cannot be delivered, the court execution officer may sell the movables through the procedure of execution against movables, with the permission of the execution court.

(4)The provisions of Article 168, paragraph (8) of the Act apply mutatis mutandis if movables are sold pursuant to the provisions of the preceding paragraph.

Article 128Except in a case as prescribed in Article 139, paragraph (1) of the Act, when the court execution officer receives proceeds, seizes money, or receives payment for a negotiable instrument, the officer must specify a date that falls within two weeks of this as the day of the deliberation of liquidating distribution, and notify each obligee of its date, time, and place.

Article 129(1)Once obligations have been performed or a liquidating distribution, etc. has been implemented with regard to the total amount of the claim of the obligee effecting the seizure, the obligor may request the court execution officer to issue an enforceable authenticated copy of the title of obligation.

(2)Except in the case prescribed in the preceding paragraph, when the case is over, the obligee effecting the seizure may request the court execution officer to issue an enforceable authenticated copy of the title of obligation.

(3)If the obligee that is effecting the seizure and requesting to be issued an enforceable authenticated copy of the title of obligation pursuant to the provisions of the preceding paragraph has received performance of the obligation or received liquidating distribution, etc. for part of the claim, the court execution officer must issue an authenticated copy of the title of obligation stating the amount of performance of the obligation or liquidating distribution, etc. that the obligee has received

(4)The provisions of the preceding three paragraphs do not apply after notification under Article 139, paragraph (3) of the Act or Article 141, paragraph (1) of the Act has been made.

Article 130(1)Notification as prescribed in Article 139, paragraph (3) of the Act must be filed through the submission of a document stating the following matters:

(2)The document referred to in the preceding paragraph must be accompanied by the record of the case.

Article 131(1)Notification as prescribed in Article 141, paragraph (1) of the Act must be made through the submission of a document stating the following matters:

(2)The document referred to in the preceding paragraph must be accompanied by an authenticated copy of the deposit receipt and the record of the case.

Article 132The provisions of Articles 26, 27, 33, and 70 apply mutatis mutandis to execution against movables, and Articles 59 through 62 apply mutatis mutandis to the procedure of liquidating distribution, etc. implemented by the execution court with regard to execution against movables.In this case, the phrase "the purchase money for real property is paid" in Article 59, paragraph (1) and the phrase "the purchase money is paid" in paragraph (2) of that Article are deemed to be replaced with "implementation of liquidating distribution, etc. is decided on."

Article 150-2Compulsory execution in respect of corporate bonds or other securities as prescribed in Article 2, paragraph (1) of the Act on Book-entry Transfer of Corporate Bonds and Shares (Act No. 75 of 2001) which are handled by a book-entry transfer institution (meaning a book-entry transfer institution as prescribed in paragraph (2) of that Article; the same applies hereinafter) (those corporate bonds are hereinafter referred to as "book-entry transfer corporate bonds or other securities" and that execution is hereinafter referred to as "execution against book-entry transfer corporate bonds or other securities" in this Subsection and Article 180-2) commences through the issuance of an order of seizure by the execution court.

Article 150-3(1)In an order of seizure, the execution court must prohibit the obligor from filing an application for a book-entry transfer or cancellation of, collecting, or otherwise disposing of the book-entry transfer corporate bonds or other securities, and must prohibit the book-entry transfer institution, etc. (meaning a book-entry transfer institution, etc. as prescribed in Article 2, paragraph (5) of the Act on Book-entry Transfer of Corporate Bonds and Shares at which the obligor has opened an account; hereinafter the same applies in this Subsection) from carrying out a book-entry transfer and cancellation of those bonds or other securities.

(2)If the book-entry transfer corporate bonds or other securities in relation to the exercise of appraisal rights set forth in the following items (hereinafter referred to as "shares, etc. subject to exercise of appraisal rights") are entered or recorded in the purchase accounts specified respectively in those items, for the provisions of the preceding paragraph to be applied to seizure of the shares, etc. subject to exercise of appraisal rights, the phrase "from filing an application for a book-entry transfer or cancellation of, collecting, or otherwise disposing of the book-entry transfer corporate bonds or other securities" in that paragraph is deemed to be replaced with "from collecting or otherwise disposing of the book-entry transfer corporate bonds or other securities," the phrase "and must prohibit the book-entry transfer institution, etc." in that paragraph is deemed to be replaced with "must prohibit the book-entry transfer institution that holds the purchase account, etc.," the phrase "at which the obligor has opened an account" in that paragraph is deemed to be replaced with "at which the issuer of the shares, etc. subject to exercise of appraisal rights (hereinafter referred to as the "issuer") has opened the purchase account, etc.," and the phrase "from carrying out a book-entry transfer and cancellation of those bonds or other securities" in that paragraph is deemed to be replaced with "from carrying out a book-entry transfer and cancellation of those bonds or other securities, and must prohibit the issuer from filing an application for a book-entry transfer or otherwise disposing of those bonds or other securities":

(3)The execution court issues an order of seizure without hearing the obligor, the book-entry transfer institution, etc. (in the case of compulsory execution for shares, etc. subject to exercise of appraisal rights, this book-entry transfer institution, etc. means the book-entry transfer institution that holds the purchase account, etc.; the same applies hereinafter, except in the following paragraph, Article 150-7, paragraph (6), and Article 150-8) or the issuer.

(4)An order of seizure must be served on the obligor and the book-entry transfer institution, etc. (or in the case of an order of seizure for shares, etc. subject to exercise of appraisal rights, on the obligor, book-entry transfer institution that holds the purchase account, etc., and issuer)

(5)A seizure becomes effective when the order of seizure is served on the book-entry transfer institution, etc.

(6)If a book-entry transfer institution, etc. is served with an order of seizure against book-entry transfer bonds (meaning book-entry transfer bonds as prescribed in Article 278, paragraph (1) of the Act on Book-entry Transfer of Corporate Bonds and Shares; the same applies hereinafter), book-entry transfer corporate bonds with share options (meaning book-entry transfer corporate bonds with share options as prescribed in Article 192, paragraph (1) of that Act; the same applies hereinafter) for which the corporate bonds have yet to be redeemed, or book-entry transfer convertible specified corporate bonds (meaning book-entry transfer convertible specified corporate bonds as prescribed in Article 250 of that Act; the same applies hereinafter) or book-entry transfer specified corporate bonds with preferred equity subscription rights (meaning book-entry transfer specified corporate bonds with preferred equity subscription rights as prescribed in Article 253 of that Act; the same applies hereinafter) for which the corporate bonds have yet to be redeemed, the book-entry transfer institution, etc. must immediately notify the issuer of the following matters:

(7)An appeal may be filed against the execution of a judicial decision regarding a petition for an order of seizure.

(8)The provisions of Article 145, paragraphs (7) and (8) of the Act apply mutatis mutandis to execution against book-entry transfer corporate bonds or other securities.

Article 150-4(1)If the book-entry transfer corporate bonds or other securities subject to a seizure cease to be handled by a book-entry transfer institution, the book-entry transfer institution, etc. must notify the execution court to that effect in writing.

(2)If the book-entry transfer institution handling the book-entry transfer corporate bonds or other securities subject to a seizure has its designation referred to in Article 3, paragraph (1) of the Act on Book-entry Transfer of Corporate Bonds and Shares rescinded pursuant to the provisions of Article 22, paragraph (1) of that Act or that designation ceases to be effective pursuant to the provisions of Article 41, paragraph (1) of that Act, and if it becomes clear that there is no person to succeed to the book-entry transfer business of that book-entry transfer institution; or if a notification under the preceding paragraph has been made, the execution court must rescind the procedure of execution against book-entry transfer corporate bonds or other securities.

Article 150-5(1)Once one week has passed after the service of an order of seizure on the obligor, the obligee seizing book-entry transfer bonds, book-entry transfer corporate bonds with share options, book-entry transfer convertible specified corporate bonds, or book-entry transfer specified corporate bonds with preferred equity subscription rights may collect corporate bonds with regard to the book-entry transfer bonds, the book-entry transfer convertible specified corporate bonds set forth in item (ii), or the book-entry transfer specified corporate bonds with preferred equity subscription rights set forth in item (iii) (hereinafter referred to as "book-entry transfer bonds, etc.") or the book-entry transfer corporate bonds with share options set forth in item (i); provided, however, that payment may not to be received beyond the amount of the claim and execution costs of the obligee effecting the seizure:

(2)In the case referred to in the preceding paragraph, the obligee effecting the seizure may exercise any right that belongs to the obligor and is necessary for the collection, based on the order of seizure.

(3)Collection under paragraph (1) may not be carried out if, by the time the issuer is served with the complaint for a suit for collection (meaning a suit for collection as prescribed in Article 157, paragraph (1) of the Act; the same applies hereinafter), a document has been served on the book-entry transfer institution, etc., stating that, with regard to the book-entry transfer corporate bonds with share options set forth in paragraph (1), item (i) subject to a seizure (excluding the book-entry transfer corporate bonds with share options that have been extinguished as prescribed in paragraph (2), item (i) of the following Article), an order of seizure or an order of provisional seizure has been issued beyond the scope of the amount of those corporate bonds from which the amount of the claim and execution costs of the obligee effecting the seizure is deducted, or a demand for liquidating distribution has been made.

(4)The provisions of Article 155 of the Act (excluding paragraphs (1) and (2)) and Article 157 of the Act and the provisions of Articles 137 through 137-3 apply mutatis mutandis to the case referred to in paragraph (1).In this case, the term "third party obligor" in Article 155, paragraph (3) of the Act and Article 157, paragraphs (1) and (4) of the Act and in Article 137, items (ii) and (iii), Article 137-2, paragraph (1), items (ii) and (iii), and Article 137-2, paragraph (2) is deemed to be replaced with "issuer," the term "paragraph (1)" in Article 155, paragraphs (5) and (6) of the Act is deemed to be replaced with "Article 150-5, paragraph (1) of the Rules of Civil Execution," the term "monetary claim" in paragraph (5) of that Article is deemed to be replaced with "book-entry transfer bonds, etc. (meaning the book-entry transfer bonds, etc. prescribed in that paragraph; the same applies hereinafter) or the book-entry transfer bonds with share options as set forth in item (i) of that paragraph," the term "monetary claim" in paragraph (6) of that Article is deemed to be replaced with "book-entry transfer bonds, etc. or the book-entry transfer bonds with share options set forth in item (i) of that paragraph," the term "monetary claim" in paragraph (7) of that Article is deemed to be replaced with "book-entry transfer bonds, etc. or the book-entry transfer bonds with share options set forth in Article 150-5, paragraph (1), item (i) of the Rules of Civil Execution," the phrase "paragraph (2) of the preceding Article" in Article 157, paragraph (4) of the Act is deemed to be replaced with "Article 150-6, paragraph (2) of the Rules of Civil Execution," the phrase "Article 155, paragraph (4) of the Act" in Article 137 is deemed to be replaced with "Article 155, paragraph (4) of the Act as applied mutatis mutandis pursuant to Article 150-5, paragraph (4)," the phrase "Article 155, paragraph (5) of the Act" in Article 137-2, paragraph (1) is deemed to be replaced with "Article 155, paragraph (5) of the Act as applied mutatis mutandis pursuant to Article 150-5, paragraph (4)," the phrase "Article 155, paragraph (6) of the Act" in Article 137-3 is deemed to be replaced with "Article 155, paragraph (6) of the Act as applied mutatis mutandis pursuant to Article 150-5, paragraph (4)," and the phrase "paragraph (4) or (5) of that Article" in that Article is deemed to be replaced with "Article 155, paragraph (4) or (5) of the Act as applied mutatis mutandis pursuant to Article 150-5, paragraph (4)."

Article 150-6(1)An issuer may make a statutory deposit of money equivalent to the total amount of the book-entry transfer bonds, etc. subject to a seizure or to the total amount of corporate bonds with regard to the book-entry transfer corporate bonds with share options as set forth in Article 150-5, paragraph (1), item (i) subject to a seizure, to an official depository at the place of performance of those bonds.

(2)In the cases set forth in the following items, the issuer must make a statutory deposit of the money specified respectively in those items to an official depository at the place of performance of book-entry transfer bonds, etc. or of book-entry transfer corporate bonds with share options as prescribed respectively in those items; provided, however, that this does not apply until the due date for redemption of the principal arrives:

(3)If the issuer makes a statutory deposit under the preceding two paragraphs, it must notify the execution court that it has made the statutory deposit.In this case, the provisions of Article 138 apply mutatis mutandis.

(4)Once a document is submitted evidencing that the statutory deposit referred to in paragraph (1) or (2) has been made with regard to seized book-entry transfer bonds, etc. or book-entry transfer corporate bonds with share options, the court clerk must file the application referred to in Article 71, paragraph (1) of the Act on Book-entry Transfer of Corporate Bonds and Shares (including as applied mutatis mutandis pursuant to Articles 113, 115, 117, 118, 120, 121, 122, 124, and 127 of that Act), Article 96, paragraph (1) of that Act, or Article 199, paragraph (1) of that Act (including as applied mutatis mutandis pursuant to Article 251, paragraph (1) of that Act and Article 254, paragraph (1) of that Act) with regard to the book-entry transfer bonds, etc. or book-entry transfer corporate bonds with share options related to that statutory deposit.

Article 150-7(1)Upon petition by the obligee effecting the seizure, the execution court may issue the following orders with regard to the book-entry transfer corporate bonds or other securities subject to the seizure; provided, however, that, if those book-entry transfer corporate bonds or other securities are book-entry transfer bonds, etc. or book-entry transfer corporate bonds with share options that have been extinguished, this is limited to when the due date for redemption of the principal has yet to arrive or to when it is difficult to collect the book-entry transfer corporate bonds or other securities:

(2)An appeal may be filed against the execution of an order regarding the petition referred to in the preceding paragraph.

(3)An order under paragraph (1) is not effective until it becomes final and binding.

(4)Once an order to transfer book-entry transfer corporate bonds or other securities has become effective, the court clerk must file the application referred to in Article 70, paragraph (1) of the Act on Book-entry Transfer of Corporate Bonds and Shares (including as applied mutatis mutandis pursuant to Articles 113, 115, 117, 118, 120, 121, 122, 124, and 127 of that Act), Article 95, paragraph (1) of that Act, Article 127-7, paragraph (1) of that Act, Article 132, paragraph (1) of that Act (including as applied mutatis mutandis pursuant to Article 228, paragraph (1) of that Act, Article 235, paragraph (1) of that Act, and Article 239, paragraph (1) of that Act), Article 168, paragraph (1) of that Act (including as applied mutatis mutandis pursuant to Article 247-3, paragraph (1) and Article 249, paragraph (1) of that Act), or Article 197, paragraph (1) of that Act (including as applied mutatis mutandis pursuant to Article 251, paragraph (1) of that Act and Article 254, paragraph (1) of that Act).

(5)If a person prescribed in paragraph (1), item (ii) carries out a sale based on an order to sell book-entry transfer corporate bonds or other securities and receives payment, that person must file the application referred to in the preceding paragraph.

(6)The provisions of Article 139 apply mutatis mutandis to an order to transfer book-entry transfer corporate bonds or other securities and an order to sell book-entry transfer corporate bonds or other securities, the provisions of Article 159, paragraphs (2) and (3) of the Act and Article 160 of the Act and the provisions of Article 140 apply mutatis mutandis to an order to transfer book-entry transfer corporate bonds or other securities, the provisions of Article 159, paragraph (7) of the Act apply mutatis mutandis to an appeal against a disposition of execution filed against an order to transfer book-entry transfer corporate bonds or other securities, the provisions of Article 68 of the Act and the provisions of Article 141, paragraphs (1) and (4) apply mutatis mutandis to an order to sell book-entry transfer corporate bonds or other securities, and the provisions of Article 65 of the Act apply mutatis mutandis to a sale by a court execution officer based on an order to sell book-entry transfer corporate bonds or other securities In this case, the phrase "Article 161, paragraph (1) of the Act" in Article 139, paragraph (1) is deemed to be replaced with "Article 150-7, paragraph (1)," the phrase "the obligor and the third party obligor" in Article 159, paragraph (2) is deemed to be replaced with "the obligor and the book-entry transfer institution, etc. (in the case of compulsory execution for shares, etc. subject to exercise of appraisal rights, the obligor, book-entry transfer institution that holds the purchase account, etc., and issuer)," the term "third party obligor" in paragraph (3) of that Article and Article 160 of the Act is deemed to be replaced with "book-entry transfer institution, etc.," the term "court execution officer" in Article 141, paragraph (4) is deemed to be replaced with "court execution officer or any other person that the execution court finds to be reasonable," and the term "record" in that paragraph is deemed to be replaced with "record or report."

Article 150-8The provisions of Article 144 of the Act (excluding the proviso to paragraph (2)), Articles 146, 147, 149, 154, and 158 of the Act, and Article 166, paragraph (1) of the Act (excluding item (iii)), and the provisions of Articles 26 and 27, Article 133, Articles 134 through 136, and Article 147, paragraph (2) apply mutatis mutandis to execution against book-entry transfer corporate bonds or other securities, the provisions of Article 150-3, paragraph (6) apply mutatis mutandis when a book-entry transfer institution, etc. (or in the case of compulsory execution for shares, etc. subject to exercise of appraisal rights, the book-entry transfer institution that holds the purchase account, etc.) is served with a document stating that a demand for liquidating distribution has been made, and the provisions of Articles 84 and 85 of the Act, Articles 88 through 92 of the Act, and Article 165 of the Act (excluding item (iv)), and the provisions of Articles 59 through 62 apply mutatis mutandis to the procedure of liquidating distribution, etc. implemented by the execution court with regard to execution against book-entry transfer corporate bonds or other securities.In this case, the phrase "obligor of that claim (hereinafter referred to as the 'third party obligor')" in Article 144, paragraph (2) of the Act and the term "third party obligor" in Article 147 of the Act, Article 154, paragraph (2) of the Act, and Articles 134 and 135 is deemed to be replaced with "book-entry transfer institution, etc. (in the case of compulsory execution for shares, etc. subject to exercise of appraisal rights, the book-entry transfer institution that holds the purchase account, etc.)," the phrase "When a petition has been filed by the obligee effecting the seizure, the court clerk" in Article 147, paragraph (1) of the Act is deemed to be replaced with "The court clerk," the term "Article 156, paragraph (1)" in Article 166, paragraph (1), item (i) of the Act and Article 165, item (i) of the Act is deemed to be replaced with "Article 150-6, paragraph (1) of the Rules of Civil Execution," the term "Article 157, paragraph (5)" in Article 166, paragraph (1), item (i) of the Act is deemed to be replaced with "Article 157, paragraph (5) as applied mutatis mutandis pursuant to Article 150-5, paragraph (4) of the Rules," the term "third party obligor" in Article 133, paragraph (1) and Article 136 is deemed to be replaced with "book-entry transfer institution, etc. (in the case of compulsory execution for shares, etc. subject to exercise of appraisal rights, the book-entry transfer institution that holds the purchase account, etc.)," the term "Article 147, paragraph (1) of the Act" in Article 135 is deemed to be replaced with "Article 147, paragraph (1) of the Act as applied mutatis mutandis pursuant to Article 150-8," the phrase "intends to render performance" in paragraph (1), item (ii) of that Article is deemed to be replaced with "has applied for a book-entry transfer or cancellation, etc. (or has applied for a book-entry transfer, in the case of compulsory execution for shares, etc. subject to exercise of appraisal rights)," the phrase "will render performance" in that item is deemed to be replaced with "will carry out the book-entry transfer or cancellation (or will carry out the book-entry transfer, in the case of compulsory execution for shares, etc. subject to exercise of appraisal rights)," the term "not rendering it" in that item is deemed to be replaced with "not carrying out a book-transfer or cancellation (or not carrying out a book-transfer, in the case of compulsory execution for shares, etc. subject to exercise of appraisal rights)," the term "provisional seizure" in item (iv) of that paragraph is deemed to be replaced with "provisional seizure or provisional disposition," the phrase "order of seizure, disposition of seizure, or order of provisional seizure" in that item is deemed to be replaced with "order of seizure, order of provisional seizure, or order of provisional disposition," the term "the preceding paragraph" in Article 147, paragraph (2) is deemed to be replaced with "Article 147, paragraph (1) of the Act as applied mutatis mutandis pursuant to Article 150-8," the phrase "the purchase money has been paid" in Article 84, paragraph (1) of the Act, the phrase "the purchase money for real property is paid" in Article 59, paragraph (1), and the phrase "the purchase money is paid" in paragraph (2) of that Article is deemed to be replaced with "implementation of liquidating distribution, etc. is decided on," the phrase "each of the obligees set forth in the items of Article 87, paragraph (1)" in Article 85, paragraph (1) of the Act is deemed to be replaced with "the obligee prescribed in Article 165 as applied mutatis mutandis pursuant to Article 150-8 of the Rules of Civil Execution," the term "third party obligor" in Article 165, items (i) and (ii) of the Act is deemed to be replaced with "issuer," and the term "court execution officer" in item (iii) of that Article is deemed to be replaced with "court execution officer or any other person that the execution court finds to be reasonable."

Article 150-9Compulsory execution in respect of an electronically recorded monetary claim (meaning an electronically recorded monetary claim as prescribed in Article 2, paragraph (1) of the Electronically Recorded Monetary Claims Act (Act No. 102 of 2007); the same applies hereinafter) (that execution is hereinafter referred to as "execution against an electronically recorded monetary claim") commences through the issuance of an order of seizure by the execution court.

Article 150-10(1)In an order of seizure, the execution court must prohibit the obligor from collecting or otherwise disposing of any electronically recorded monetary claim or requesting an electronic record (meaning an electronic recording as prescribed in Article 2, paragraph (1) of the Electronically Recorded Monetary Claims Act; the same applies hereinafter), and must prohibit the obligor of that electronically recorded monetary claim (hereinafter referred to as the "third party obligor" in this Subsection) from performing that third party obligor's obligation to the obligor in question, and prohibit the electronic monetary claim recording institution (meaning the electronic monetary claim recording institution prescribed in paragraph (2) of that Article; the same applies hereinafter) which makes the electronic record for that electronically recorded monetary claim from making the electronic recording.

(2)An order of seizure is issued without the obligor, the third party obligor, or the electronic monetary claim recording institution being heard.

(3)An order of seizure must be served on the obligor, the third party obligor, and the electronic monetary claim recording institution.

(4)A seizure becomes effective when the order of seizure is served on the electronic monetary claim recording institution; provided, however, that the seizure becomes effective against the third party obligor when the order of seizure is served on the third party obligor.

(5)Even if a seizure is effective pursuant to the provisions of the preceding paragraph, the obligor may request the following electronic records:

(6)Even if a seizure has become effective pursuant to the provisions of paragraph (4), an electronic monetary claim recording institution may make the following electronic records:

(7)If an electronic recording is made that conflicts with an order of seizure, the electronic monetary claim recording institution must correct that electronic recording; provided, however, that, if there is a third party with an interest in the electronic recording, this is limited to when that third party consents to this.

(8)The provisions of Article 10, paragraphs (3) through (5) of the Electronically Recorded Monetary Claims Act apply mutatis mutandis to the correction of an electronic recording under the preceding paragraph.

(9)When correcting an electronic recording pursuant to the provisions of paragraph (7), the electronic monetary claim recording institution must also record the date of the correction.

(10)An appeal may be filed against the execution of a judicial decision regarding a petition for an order of seizure.

(11)The provisions of Article 145, paragraphs (7) and (8) of the Act apply mutatis mutandis to an order of seizure, and the provisions of paragraph (4) of that Article and Article 133-2 apply mutatis mutandis to the case of serving an order of seizure.In this case, the phrase "Article 153, paragraph (1) or (2)" in Article 145, paragraph (4) of the Act is deemed to be replaced with "Article 153, paragraph (1) or (2) as applied mutatis mutandis pursuant to Article 150-15, paragraph (1) of the Rules of Civil Execution," the phrase "Article 145, paragraph (4) of the Act" in Article 133-2 is deemed to be replaced with "Article 145, paragraph (4) of the Act as applied mutatis mutandis pursuant to Article 150-10, paragraph (11)," and the phrase "Article 153, paragraph (1) or (2) of the Act" in paragraph (2) of that Article is deemed to be replaced with "Article 153, paragraph (1) or (2) of the Act as applied mutatis mutandis pursuant to Article 150-15, paragraph (1)."

Article 150-11(1)If an electronic monetary claim recording institution makes the recording of a payment, etc. as referred to in paragraph (6), item (i) of the preceding Article, it must immediately notify the execution court to that effect.

(2)Notification under the preceding paragraph must be made through the submission of a document stating the following matters:

(3)If it becomes clear from a notification under paragraph (1) or a notification under Article 155, paragraph (4) of the Act as applied mutatis mutandis pursuant to Article 150-15, paragraph (1) that money equivalent to the total amount of the claim and execution costs of the obligee effecting the seizure has been paid, the court clerk must notify the electronic monetary claim recording institution that the relevant payment has been made.

Article 150-12(1)A third party obligor may make a statutory deposit of money equivalent to the total amount of the electronically recorded monetary claim subject to a seizure to an official depository at the place of performance of the obligation.

(2)If, before being served with the complaint in a suit for collection, a third party obligor is served with an order of seizure or an order of provisional seizure issued beyond the scope of the unseized portion of an electronically recorded monetary claim subject to a seizure, the third party obligor must make a statutory deposit of money equivalent to the total amount of the electronically recorded monetary claim, and if, before being served with the complaint in a suit for collection, the third party obligor is served with a document stating that a demand for liquidating distribution has been made, the third party obligor must make a statutory deposit of money equivalent to the seized portion, at the place of performance of the obligation; provided, however, that this does not apply before the due date for payment of the principal of the electronically recorded monetary claim arrives.

(3)If a third party obligor makes a statutory deposit under the preceding two paragraphs, the third party obligor must notify the execution court that it has made the statutory deposit.In this case, the provisions of Article 138 apply mutatis mutandis.

(4)If a document is submitted evidencing that a statutory deposit as referred to in paragraph (1) or (2) has been made in respect of an electronically recorded monetary claim subject to a seizure, the court clerk must commission a record of payment, etc. to be made based on that statutory deposit.

Article 150-13If a third party obligor is served with a document stating that a demand for liquidating distribution has been made, the court clerk must notify the electronic monetary claim recording institution that the service of that document has been effected and of the date of the service.

Article 150-14(1)If the due date for payment of the principal of the electronically recorded monetary claim subject to a seizure has yet to arrive or if collection of the electronically recorded monetary claim is difficult, the execution court may issue the following order upon petition by the obligee effecting the seizure:

(2)If issuing an order under the preceding paragraph, the execution court must hear the opinion of the obligor; provided, however, that this does not apply if the obligor is in a foreign state or the domicile of the obligor is unknown.

(3)An appeal may be filed against the execution of the order regarding the petition referred to in paragraph (1).

(4)An order under paragraph (1) is not effective until it becomes final and binding.

(5)Once an order to transfer an electronically recorded monetary claim has becomes effective, the court clerk must commission a person to make a recording of an alteration (limited to the portion constituting an alteration based on the order to transfer an electronically recorded monetary claim) for the person recorded as the obligee in the monetary claims record (meaning the monetary claims record prescribed in Article 2, paragraph (4) of the Electronically Recorded Monetary Claims Act; the same applies hereinafter) in which the electronically recorded monetary claim to which the order to transfer an electronically recorded monetary claim pertains is recorded.

(6)If the person prescribed in paragraph (1), item (ii) carries out a sale based on an order to sell an electronically recorded monetary claim and receives payment of the purchase money, that person must commission a person to make a recording of an alteration (limited to the portion constituting an alteration based on that sale) for the person recorded as the obligee in the monetary claims record in which the electronically recorded monetary claim to which the order to sell an electronically recorded monetary claim pertains is recorded.

(7)The provisions of Article 139 apply mutatis mutandis to an order to transfer an electronically recorded monetary claim and an order to sell an electronically recorded monetary claim, the provisions of Article 159, paragraphs (2) and (3) of the Act and Article 160 of the Act and the provisions of Article 140 apply mutatis mutandis to an order to transfer an electronically recorded monetary claim, the provisions of Article 159, paragraph (7) of the Act apply mutatis mutandis to an appeal against a disposition of execution filed against an order to transfer an electronically recorded monetary claim, the provisions of Article 68 of the Act and the provisions of Article 141, paragraphs (1), (2), and (4) apply mutatis mutandis to an order to sell an electronically recorded monetary claim, and the provisions of Article 65 of the Act apply mutatis mutandis to a sale by the court execution officer based on an order to sell an electronically recorded monetary claim.In this case, the phrase "Article 161, paragraph (1) of the Act" in Article 139, paragraph (1) is deemed to be replaced with "Article 150-14, paragraph (1)," the term "court execution officer" in Article 141, paragraphs (2) and (4) is deemed to be replaced with "court execution officer or any other person that the execution court finds to be reasonable," and the term "record" in that paragraph is deemed to be replaced with "record or report."

Article 150-15(1)The provisions of Article 144 of the Act (excluding the proviso to paragraph (2)), Articles 146, 147, 149, and 150 of the Act, Articles 153 through 155 of the Act (excluding paragraph (2) of that Article), Articles 157 through 160 of the Act (excluding Article 159, paragraph (6) of the Act), Article 164 of the Act, and Article 166, paragraph (1) of the Act (excluding item (iii)) and the provisions of Articles 26 and 27, Article 133, Articles 134 through 137-3, Article 144, and Article 147, paragraph (2) apply mutatis mutandis to execution against an electronically recorded monetary claim, the provisions of paragraph (5) of the preceding Article apply mutatis mutandis when an assignment order has become effective, and the provisions of Articles 84 and 85 of the Act, Articles 88 through 92 of the Act, and Article 165 of the Act (excluding item (iv)), and the provisions of Articles 59 through 62 apply mutatis mutandis to the procedure of liquidating distribution, etc. implemented by the execution court with regard to execution against an electronically recorded monetary claim.In this case, the phrase "obligor of that claim (hereinafter referred to as the 'third party obligor')" in Article 144, paragraph (2) of the Act is deemed to be replaced with "electronic monetary claim recording institution which makes the electronic record for the electronically recorded monetary claim," the term "third party obligor" in Article 147 of the Act, and Article 133, paragraph (1), Article 135, and Article 136, paragraphs (1) and (3) is deemed to be replaced with "third party obligor and the electronic monetary claim recording institution," the phrase "When a petition has been filed by the obligee effecting the seizure, the court clerk" in Article 147, paragraph (1) of the Act is deemed to be replaced with "The court clerk," the phrase "paragraph (2) of the preceding Article" in Article 157, paragraph (4) of the Act is deemed to be replaced with "Article 150-12, paragraph (2) of the Rules of Civil Execution," the term "Article 150" in Article 164, paragraphs (1) and (5) of the Act is deemed to be replaced with "Article 150 as applied mutatis mutandis pursuant to Article 150-15, paragraph (1) of the Rules of Civil Execution," the term "court execution officer" in paragraphs (2) and (3) of that Article and Article 165, item (iii) of the Act is deemed to be replaced with "court execution officer or any other person that the execution court finds to be reasonable," the term "Article 156, paragraph (1)" in Article 166, paragraph (1), item (i) of the Act and Article 165, item (i) of the Act is deemed to be replaced with "Article 150-12, paragraph (1) of the Rules of Civil Execution," the term "Article 157, paragraph (5)" in Article 166, paragraph (1), item (i) of the Act is deemed to be replaced with "Article 157, paragraph (5) as applied mutatis mutandis pursuant to Article 150-15, paragraph (1) of the Rules," the phrase "obligee effecting the seizure and the obligor" in Article 27 is deemed to be replaced with "obligee effecting the seizure, the obligor, and the electronic monetary claim recording institution," the phrase "obligor and the third party obligor" in Article 134 is deemed to be replaced with "obligor, the third party obligor, and the electronic monetary claim recording institution," the term "obligee effecting the seizure" in that Article is deemed to be replaced with "obligee effecting the seizure and the electronic monetary claim recording institution," the term "Article 147, paragraph (1) of the Act" in Article 135 is deemed to be replaced with "Article 147, paragraph (1) of the Act as applied mutatis mutandis pursuant to Article 150-15, paragraph (1)," the term "the following matters" in paragraph (1) of that Article is deemed to be replaced with "the following matters (excluding the matter set forth in item (ii) in the case of the electronic monetary claim recording institution)," the phrase "its type and amount (in the case of a claim other than a monetary claim, its contents)" in item (i) of that paragraph is deemed to be replaced with "its amount, the due date for payment, and the record number (meaning the record number prescribed in Article 16, paragraph (1), item (vii) of the Electronically Recorded Monetary Claims Act), and other necessary matters for specifying the electronically recorded monetary claim," the term "provisional seizure" in item (iv) of that paragraph is deemed to be replaced with "provisional seizure or provisional disposition," the phrase "order of seizure, disposition of seizure, or order of provisional seizure" in that item is deemed to be replaced with "order of seizure, order of provisional seizure, or order of provisional disposition," the phrase "served upon a third party obligor" in Article 136, paragraph (2) is deemed to be replaced with "served upon the third party obligor and the electronic monetary claim recording institution," the phrase "obligee effecting the seizure and the third party obligor" in that paragraph is deemed to be replaced with "obligee effecting the seizure, the third party obligor, and the electronic monetary claim recording institution," the phrase "and the third party obligor may not make a payment or delivery with regard to the seized claim" in that paragraph is deemed to be replaced with ", the third party obligor may not make a payment with regard to the seized electronically recorded monetary claim, and the electronic monetary claim recording institution may not make an electronic record for the seized electronically recorded monetary claim," the term "Article 155, paragraph (4) of the Act" in Article 137 is deemed to be replaced with "Article 155, paragraph (4) of the Act as applied mutatis mutandis pursuant to Article 150-15, paragraph (1)," the term "Article 155, paragraph (5) of the Act" in Article 137-2, paragraph (1) is deemed to be replaced with "Article 155, paragraph (5) of the Act as applied mutatis mutandis pursuant to Article 150-15, paragraph (1)," the term "Article 155, paragraph (6) of the Act" in Article 137-3 is deemed to be replaced with "Article 155, paragraph (6) of the Act as applied mutatis mutandis pursuant to Article 150-15, paragraph (1)," the phrase "paragraph (4) or (5) of that Article" in that Article is deemed to be replaced with "Article 155, paragraph (4) or (5) of the Act as applied mutatis mutandis pursuant to Article 150-15, paragraph (1)," the term "Article 164, paragraph (1) of the Act" in Article 144 is deemed to be replaced with "Article 164, paragraph (1) of the Act as applied mutatis mutandis pursuant to Article 150-15, paragraph (1)," the term "the preceding paragraph" in Article 147, paragraph (2) is deemed to be replaced with "Article 147, paragraph (1) of the Act as applied mutatis mutandis pursuant to Article 150-15, paragraph (1)," the term "order to transfer an electronically recorded monetary claim" in paragraph (5) of the preceding Article is deemed to be replaced with "assignment order prescribed in Article 159, paragraph (1) of the Act as applied mutatis mutandis pursuant to Article 150-15, paragraph (1)," the phrase "the purchase money has been paid" in Article 84, paragraph (1) of the Act, the phrase "the payment of the purchase money" in paragraphs (3) and (4) of that Article, the phrase "the purchase money for real property is paid" in Article 59, paragraph (1), and the phrase "the purchase money is paid" in paragraph (2) of that Article is deemed to be replaced with "implementation of liquidating distribution, etc. is decided on," and the phrase "each of the obligees set forth in the items of Article 87, paragraph (1)" in Article 85, paragraph (1) of the Act is deemed to be replaced with "the obligee prescribed in Article 165 as applied mutatis mutandis pursuant to Article 150-15, paragraph (1) of the Rules of Civil Execution."

(2)If an order becomes effective rescinding a part of an order of seizure under Article 153, paragraph (1) or (2) of the Act as applied mutatis mutandis pursuant to the preceding paragraph, the court clerk must commission a person to make a recording of an alternation indicating this.

Article 150-16(1)If an order of seizure as referred to in Article 150-10, paragraph (1) is issued and the monetary claims record in which the electronically recorded monetary claim subject to the seizure has been recorded pursuant to the provisions of Article 77, paragraph (1) of the Electronically Recorded Monetary Claims Act ceases to be effective, the case must be transferred to the procedure of execution against a claim for a claim having the contents of that electronically recorded monetary claim.

(2)If a case is transferred to the procedure of execution against a claim pursuant to the provisions of the preceding paragraph, any disposition of execution that has already been made and any other acts that have already been carried out remain effective.

(3)If the third party obligor is served with an order of seizure but the electronic monetary claim recording institution is not so served, the seizure of the claim prescribed in paragraph (1) becomes effective at the time of the transfer under that paragraph.