Article 1The purpose of this Act is, in order to protect the depositors, etc. of agricultural or fishery cooperative and to secure the settlement of funds relating to agricultural or fishery cooperative in financial difficulties, to provide for the payment of insurance proceeds, etc. and the purchase of claims on savings, etc. as necessary in the event that an agricultural or fishery cooperative suspends the withdrawal of savings, etc., and to establish a system of appropriate financial assistance for mergers, etc. relating to agricultural or fishery cooperative in financial difficulties, management by administrators, measures to deal with financial crises, and measures for the orderly processing of assets and liabilities of The Norinchukin Bank, contributing to the maintenance of credit order thereby.

Article 2(1)The term "agricultural or fishery cooperative" as used in this Act means the following persons:

(2)The term "savings, etc." as used in this Act means the following:

(3)The term "depositors, etc." as used in this Act means creditors relating to savings, etc.

(4)The term "credit business" as used in this Act means the following businesses conducted by an agricultural or fishery cooperative:

(5)The term "agricultural or fishery cooperative in financial difficulties" as used in this Act means agricultural or fishery cooperative (in the case of persons specified in paragraph (1), items (i), (iii), and (v), limited to those that reached these situations due to management difficulties arising mainly from the business pertaining to the credit business) that are likely to suspend the withdrawal of savings, etc. (meaning repayment of obligations relating to savings, etc. The same applies hereinafter) or suspended the withdrawal of savings, etc.

(6)The term "federation of agricultural or fishery cooperatives" as used in this Act means the following persons:

(7)The term "subscription of preferred equity investment, etc." as used in this Act means the following actions:

(8)The term "collateralization of damage" as used in this Act means, in the event that all or part of the obligation pertaining to a loan is not repaid, to make up a part of the amount that is not repaid to the creditor based on a contract concluded in advance.

(9)The term "transfer of insured savings" as used in this Act means the assumption of obligations related to savings, etc. of an agricultural or fishery cooperative in financial difficulties by another agricultural or fishery cooperative, which are obligations that include obligations related to the savings, etc. corresponding to amounts of insurance proceeds calculated under the provisions of Article 56, paragraphs (1) through (3) (including cases where the provisions of the same paragraphs are applied mutatis mutandis pursuant to Article 56-2, paragraph (2)) and Article 56-2, paragraph (1) (hereinafter referred to as the "insurance claim calculation provision") (excluding those associated with the transfer or assumption of credit business (hereinafter referred to as a "transfer of credit business, etc.")).

(10)The term "agricultural or fishery cooperative under management" as used in this Act means an agricultural or fishery cooperative that has become subject to an order to manage as prescribed in Article 83, paragraph (1) pursuant to the provisions of Article 83, paragraph (1) or (2) or Article 104, paragraph (1).

Article 69-2(1)With regard to obligations borne by an agricultural or fishery cooperative with regard to exchange transactions and other transactions specified by Cabinet Order as transactions in relation to the settlement of funds undertaken by an agricultural or fishery cooperative (excluding those for which payment is made in a foreign currency, and limited to those resulting from entrustment by an agricultural or fishery cooperative and by other persons that engage in financial business other than persons specified by order of the competent ministry and to those specified by Cabinet Order; hereinafter referred to as "settlement obligations"), other than those that is extinguished if there is refund of the covered savings for settlement (hereinafter referred to as "specified settlement obligations"), the specified settlement obligations are deemed to be obligations in relation to the covered savings for settlement, claims in relation to the specified settlement obligations are deemed to be claims in relation to the covered savings for settlement, creditors in relation to the specified settlement obligations are deemed to be the depositors, etc., the amount of the specified settlement obligations is deemed to be the amount of the covered savings for settlement, and the repayment of the specified settlement obligations is deemed to be refunding the covered savings for settlement, for the purpose of applying the provisions of this Act (excluding Article 60-2, this Chapter, Article 73, and Article 111 and penal provisions pertaining thereto). In this case, the term "insurance premiums in relation to savings that satisfy all of the following requirements (excluding foreign currency savings and other savings specified by Cabinet Order; hereinafter referred to as "savings for settlement purposes")" in Article 51-2, paragraph (1) is replaced with "insurance premiums in relation to the specified settlement obligations", the term "insurance proceeds in relation to the savings for settlement purposes (excluding those held under the name of another person and other savings for settlement purposes specified by Cabinet Order; hereinafter referred to as "covered savings for settlement")" in Article 56-2, paragraph (1) is replaced with "insurance proceeds in relation to the specified settlement obligations", and the term "the amount of principal ... of" is replaced with "the amount ... of", the term "the covered savings for settlement held thereby" in paragraph (2) of the Article is replaced with "the claims in relation to the specified settlement obligations held thereby", the term "savings, etc." in Article 57-2, paragraph (4) is replaced with "specified settlement obligations", and the term "covered savings, etc." in Article 60-3, paragraph (1) is replaced with "specified settlement obligations".

(2)Where the settlement obligations will be extinguished if there is refund of the general savings, etc., the general savings, etc. whose amount is equivalent to the amount of the relevant settlement obligations are deemed to be the savings for settlement purposes.

Article 69-3(1)In the event that the SIC receives from any of the following persons an application for a loan of funds necessary for the repayment of the settlement obligations (limited to those conducted with respect to covered saving for settlement or specified settlement obligations corresponding to the amount of insurance proceeds calculated pursuant to the provisions of Article 56, paragraph (3) as applied mutatis mutandis pursuant to Article 56-2, paragraph (1) and paragraph (2) of the same Article), the SIC, when it finds it necessary, and following a resolution of the committee, may decide to make a loan in relation to the relevant application up to the total amount of insurance proceeds calculated under the provisions of Article 56-2, paragraph (1) and Article 56, paragraph (3) as applied mutatis mutandis pursuant to the Article, paragraph (2) in relation to the relevant settlement obligation:

(2)The provisions of Article 65, paragraph (4) apply mutatis mutandis to the cases where a decision is made under the preceding paragraph, the provisions of paragraph (5) of the Article apply mutatis mutandis to the cases where a decision is made under the preceding paragraph, and the provisions of paragraph (6) of the Article apply mutatis mutandis to the cases where the decision to provide a loan is made pursuant to the provisions of the preceding paragraph. In this case, the term "pertaining to a merger, etc. or measures to restructure the credit business to which ... is a party" in Article 64, paragraph (5) is replaced with "pertaining to".

(3)The loan provided under paragraph (1) to a person specified in each of the following items, in relation to creditors other than the SIC in bankruptcy proceedings or rehabilitation proceedings in relation to the relevant agricultural or fishery cooperative, is deemed to be provided prior to the decision prescribed in each respective item:

(4)The expected costs of the loan of funds provided pursuant to a decision under paragraph (1) will be deemed to be the expected costs of the financial assistance prescribed in Article 65, paragraph (2) with respect to the application of that paragraph.

(5)The person specified in paragraph (1), item (ii) is deemed to be an agricultural or fishery cooperative for the purpose of the application of this Act in relation to the loan prescribed in the paragraph.

Article 69-4(1)In the event that an agricultural or fishery cooperative that owes the settlement obligations and settlement creditors (meaning other agricultural or fishery cooperative and other financial institutions (including other persons that have acquired from relevant agricultural or fishery cooperative and other financial institutions the claims in relation to the relevant settlement obligations or assumed the relevant other settlement obligations) that hold claims in relation to the relevant settlement obligations and also owe other settlement obligations to the relevant financial institution (including other persons that have acquired from the relevant other financial institutions the claims in relation to the relevant settlement obligations or assumed the relevant other settlement obligations); hereinafter the same applies in this paragraph) have, prior to the occurrence of an insured event in relation to the relevant agricultural or fishery cooperative, concluded a contract, under which the whole or part of the settlement obligations owed to each other will be extinguished by way of continuous set-off thereof, if the settlement obligations subject to the relevant contract arose after the relevant agricultural or fishery cooperative's insolvency, etc. (meaning insolvency (meaning the condition in which the relevant agricultural or fishery cooperative, due to the lack of ability to pay, is generally and continuously unable to pay its debts as they become due), suspension of payments, or a petition for the commencement of bankruptcy proceedings, commencement of rehabilitation proceedings; hereinafter the same applies in this paragraph) and there has been a decision in relation to the relevant agricultural or fishery cooperative for the provisions of a loan under paragraph (1) of the preceding Article (including cases where it is applied mutatis mutandis pursuant to Article 111), notwithstanding the provisions of Article 71 and Article 72 of the Bankruptcy Act, and Article 93 and Article 93-2 of the Civil Rehabilitation Act, the relevant settlement creditors may set off the settlement obligations specified in the following items that are owed by the relevant agricultural or fishery cooperative in relation to claims held by the creditors against the settlement obligations owed by the creditors prescribed in the item:

(2)The provisions of Article 653 of the Civil Code (Act No. 89 of 1896) do not apply to a consignment contract concluded by the relevant agricultural or fishery cooperative in relation to the settlement obligations.

Article 70(1)In the cases specified in each of the following items, following a resolution by the committee, the SIC may decide to purchase savings, etc. and other claims (meaning claims in relation to the savings, etc. held by the depositors, etc. in the agricultural or fishery cooperative subject to the insured event (excluding the savings, etc. specified by Cabinet Order) that are not subject to security right; the same applies hereinafter) in relation to an insured event prescribed in each item of Article 59, paragraph (1):

(2)The purchase under the preceding paragraph will be made within the purchase period publicly announced under Article 72, paragraph (1) or (3), upon request by the depositors, etc. that hold savings, etc. and other claims (excluding the portion acquired by the SIC as a result of a request for payment of insurance proceeds) in relation to the insured event prescribed in the preceding paragraph based on an approximate estimate of the relevant savings, etc. and other claims; provided, however, that in the event that the SIC has collected the savings, etc. and other claims in relation to the purchase, if an amount obtained by deducting the amount collected from the amount of costs specified by Cabinet Order as being required for the relevant purchase exceeds the amount equivalent to estimated proceeds payment in relation to the relevant purchase, the SIC is to pay the excess to the relevant depositors, etc.

(3)The amount of estimated proceeds payment prescribed in the preceding paragraph is calculated by deducting the amount of savings, etc. and other claims to be purchased by the SIC from the depositors, etc. the amount of interest and any other amount equivalent thereto specified by Cabinet Order corresponding to the period between the date of the insured event and the date of the relevant purchase, and multiplying the amount calculated by a rate determined by the SIC under paragraph (1) of the following Article (hereinafter referred to as "estimated proceeds payment rate").

(4)When the SIC finds that the depositors, etc. did not make a request within the purchase period prescribed in paragraph (2) due to natural disaster or any other unavoidable reason, notwithstanding the provisions of paragraph (2), the SIC may purchase savings, etc. and other claims of the relevant depositors, etc. even after the lapse of the relevant purchase period.

Article 71(1)In making a decision under paragraph (1) of the preceding Article, the SIC, following a resolution of the committee, is to specify the estimated proceeds payment rate for the purchase in relation to the relevant decision and must obtain the authorization of the competent minister for the relevant decision.

(2)When making a decision on the estimated proceeds payment rate under the preceding paragraph, the committee must take into consideration, in light of the financial conditions of the agricultural or fishery cooperative in relation to the decision under paragraph (1) of the preceding Article, the expected amount of payment to be received for savings, etc. and other claims in relation to the relevant agricultural or fishery cooperative in the event that it becomes subject to bankruptcy proceedings, and must give due consideration to the efficient use of the SIC's assets.

(3)When granting the authorization set forth in paragraph (1) to an agricultural or fishery cooperative pertaining to the supervision of a prefectural governor, the competent minister must consult with the relevant prefectural governor.

Article 72(1)Upon receiving the authorization set forth in paragraph (1) of the preceding Article, following a resolution by the committee, the SIC must promptly specify the period, location, and method of the estimated proceeds payment in relation to the purchase of savings, etc. and other claims and other particulars specified by Cabinet Order and must give public notice thereof together with the estimated proceeds payment rate in relation to the relevant authorization.

(2)If, after giving a public notice under the provisions of preceding paragraph, there is a public notice under Article 197, paragraph (1) of the Bankruptcy Act (including cases where it is applied mutatis mutandis pursuant to Article 209, paragraph (3) of the relevant Act), the notice under the provisions of Article 118-2, paragraph (2), or any other event specified by Cabinet Order with respect to the relevant agricultural or fishery cooperative, pursuant to Cabinet Order provisions, the SIC may change the purchase period that was publicly announced under the provisions of the preceding paragraph.

(3)If the SIC has changed the payment period under the preceding paragraph, the SIC must give public notice of particulars in relation to the relevant change without delay.

(4)When making payment under the proviso to Article 70, paragraph (2), the SIC, following a resolution of the committee, must specify the amount and period of payment and other particulars specified by Cabinet Order and give public notice thereof in advance.

(5)The provisions of Article 58, paragraph (4) apply mutatis mutandis to cases where the SIC has specified the particulars prescribed in paragraph (1), changed the purchase period under paragraph (2), and specified the particulars prescribed in the preceding paragraph.

(6)The provisions of Article 59, paragraph (6) apply mutatis mutandis to the payment of the amount (hereinafter referred to as "estimated proceeds payment") equivalent to the amount of estimated proceeds pertaining to the purchase pursuant to the provisions of Article 70, paragraph (2).

Article 73(1)In the event that depositors, etc. have received the estimated proceeds payment for the savings, etc. and other claims which they hold (excluding those in relation to the Norinchukin Bank Bonds issued by means of a discount, among those specified in Article 2, paragraph (2), item (iv); hereinafter the same applies in this Article), if the amount of the relevant estimated proceeds payment (hereinafter referred to as "amount of estimated proceeds payment" in this Article) is equal to or less than the amount specified by Cabinet Order as the amount of principal of the relevant savings, etc. and other claims on the date of the relevant estimated proceeds payment (hereinafter referred to as "amount of principal on the reference date" in this Article), the amount of estimated proceeds payment will be deemed to be the amount of principal to be repaid with respect to the relevant savings, etc. and other claims, and in the event that the amount of estimated proceeds payment exceeds the amount of principal on the reference date, the portion of the relevant amount of estimated proceeds payment equivalent to the relevant amount of principal on the reference date will be deemed to be the amount of principal to be repaid with respect to the relevant savings, etc. and other claims, and the portion of the relevant amount of estimated proceeds payment that exceeds the relevant amount of principal on the reference date will be deemed to be the amount prescribed in each of the following items according to the category of the savings, etc. in relation to the relevant savings, etc. and other claims prescribed in each respective item, in applying the provisions of the Income Tax Act and other laws and regulations concerning income tax:

(2)In the event that the depositors, etc. have received payment under the proviso to Article 70, paragraph (2), the amount of money received for savings, etc. and other claims in relation to the relevant payment (hereinafter referred to as the "amount of settlement payment" in this paragraph) is deemed to be the amount prescribed in each of the following items according to the category prescribed in the item, in applying the provisions of the Income Tax Act and other laws and regulations concerning income tax:

(3)Special provisions of the provisions of Article 4-2 and Article 4-3 of the Act on Special Measures Concerning Taxation in the case where the provisions of the preceding two paragraphs apply, and other necessary particulars concerning the application of the provisions of the preceding two paragraphs are specified by Cabinet Order.

Article 74The SIC may conclude an agreement (hereinafter referred to as the "agreement") with a claims collection company concerning collection services (meaning to manage and dispose of assets purchased under entrustment pursuant to the provisions of Article 77, paragraph (1); the same applies hereinafter) and perform the following services in order to implement that agreement:

Article 75(1)An agreement must include the following particulars:

(2)When the SIC intends to conclude an agreement, it must determine the details of the agreement and obtain the authorization of the competent minister following a resolution of the committee.

(3)Where an application for the authorization set forth in the preceding paragraph is filed, the competent minister must not grant the authorization unless the minister finds that the details of the agreement pertaining to the application conform to the provisions of laws and regulations and that the claims collection company that intends to conclude an agreement with the SIC will be able to conduct collection operations appropriately in accordance with the provisions of the agreement.

Article 76When the SIC intends to make a capital contribution as prescribed in Article 74, item (i), it must determine the amount to be contributed through a resolution of the committee and obtain the authorization of the competent minister.

Article 77(1)The SIC may entrust an agreed claims collection company to purchase assets on behalf of the SIC in the following cases:

(2)When making an offer of entrustment pursuant to the provisions of the preceding paragraph, the SIC, through a resolution of the committee, is to determine the price of the purchase of the assets relating to the decision set forth in the items of the paragraph, the compensation for losses prescribed in the following Article, and other conditions concerning the entrustment, and present them to the agreed claims collection company.

(3)When the SIC has concluded an agreement with an agreed claims collection company concerning the entrustment of the purchase of assets pursuant to the provisions of paragraph (1), it must immediately report the details of the agreement to the competent minister.

(4)When the SIC concluded a contract on the entrustment set forth in the preceding paragraph with an agreed claims collection company, the agreed claims collection company, notwithstanding the provisions of Article 65, paragraph (6) (including the cases where it is applied mutatis mutandis pursuant to Article 69, paragraph (4)) and Article 112-2, paragraph (5), is to conclude an agreement on the purchase of assets with the agricultural or fishery cooperative holding the asset (meaning an agricultural or fishery cooperative in financial difficulties, an agricultural or fishery cooperative that has acquired the assets of an agricultural or fishery cooperative in financial difficulties through merger, etc., or The Norinchukin Bank relating to the designation of special monitoring prescribed in Article 110-3 paragraph (2), that holds the assets; the same applies in the following paragraph).

(5)When an agreed claims collection company concludes an agreement of the paragraph with the agricultural or fishery cooperative holding the asset (limited to an agricultural or fishery cooperative in financial difficulties or an agricultural or fishery cooperative that has acquired the assets of an agricultural or fishery cooperative in financial difficulties through a merger, etc.) pursuant to the provisions of the preceding paragraph, the SIC is deemed to have concluded the contract with the agricultural or fishery cooperative holding that asset pursuant to the provisions of Article 65, paragraph (6) for the purpose of applying the provisions of Article 66 paragraph (1).

Article 78The SIC may compensate the agreed claims collection company for the loss within the scope of the amount calculated pursuant to the provisions of Cabinet Order as the amount of losses caused to the agreed claims collection company as a result of the implementation of the services pursuant to the provisions of the agreement.

Article 79(1)In the event that the SIC has received an application from an agreed claims collection company for a loan of funds required for the purchase of assets as stipulated in the agreement and other funds required for the smooth implementation of collection operations as stipulated in the agreement or for a guarantee of obligations pertaining to the borrowing of such funds by the agreed claims collection company, if it finds it necessary, the SIC may provide the loan or guarantee of obligations, following a resolution by the committee.

(2)When the SIC has concluded a contract with the agreed claims collection company under the preceding paragraph relating to a loan or guarantee of obligations prescribed therein, the SIC must immediately report the details of the contract to the competent minister.

Article 80The SIC is to endeavor to mediate the accommodating funds necessary for the smooth implementation of collection operations by the agreed claims collection company pursuant to the provisions of the agreement.

Article 81Deletion

Article 82The SIC, when it finds it necessary for carrying out the operations prescribed in Article 74, may request the agreed claims collection company to report on the implementation of the agreement or financial conditions in connection therewith.

Article 83(1)In the case where a prefectural governor (in the case where the agricultural or fishery cooperative pertaining to the order as prescribed in this paragraph is under the supervision of the competent minister, the competent minister; the same applies in the following paragraph, paragraph (4) (including cases where it is applied mutatis mutandis pursuant to paragraph (2) of the following Article), paragraph (5), paragraph (1) of the Article, Article 85, paragraphs (2) through (4), Article 87, paragraph (1) (including cases where it is applied mutatis mutandis pursuant to Article 87, paragraph (3)), Article 88, Article 92, paragraph (1), and Article 96) finds that an agricultural or fishery cooperative is unable to satisfy its obligations in full with its assets, or that, in light of the status of its business or assets, an agricultural or fishery cooperative is likely to suspend refund of savings, etc. or an agricultural or fishery cooperative has suspended refund of savings, etc., and that any of the following requirements is satisfied, the prefectural governor may order that the business and assets of the relevant agricultural or fishery cooperative be placed under the management of an administrator (hereinafter referred to as "disposition ordering to manage"):

(2)Upon receiving notification from an agricultural or fishery cooperative that a situation is likely to arise in which it is unable to satisfy its obligations in full with its assets, when a prefectural governor finds that the relevant situation is likely to arise and any of the requirements specified in the preceding paragraph are satisfied, the governor may issue a disposition ordering to manage to the relevant agricultural or fishery cooperative.

(3)An agricultural or fishery cooperative (in the case of persons set forth in Article 2, paragraph (1), items (i), (iii), and (v), limited to those whose management difficulties arise mainly from operations related to credit business, excluding an agricultural or fishery cooperative in financial difficulties) that has received the disposition ordering to manage is deemed to be an agricultural or fishery cooperative in financial difficulties for the purpose of the application of this Act in the cases where a disposition ordering to manage has been issued under the provisions of the preceding two paragraphs.

(4)If a prefectural governor has issued the disposition ordering to manage, the governor must give public notice thereof in the Official Gazette.

(5)If an agricultural or fishery cooperative is unable to satisfy its obligations in full with its assets or is likely to suspend the refunding of savings, etc. in light of the status of its business or assets, the cooperative must give written notification of the fact and reasons thereof to the prefectural governor.

Article 84(1)A prefectural governor must rescind the disposition ordering to manage when the governor finds that there is no longer any need for the relevant disposition ordering to manage.

(2)The provisions of paragraph (4) of the preceding Article apply mutatis mutandis to the case referred to in the preceding paragraph.

Article 85(1)When an disposition ordering to manage has been issued, the right to represent an agricultural or fishery cooperative under management, conduct its business, and manage and dispose of its assets will be vested exclusively in an administrator. The same applies to the rights of directors (including management committee members of agricultural cooperatives, federation of agricultural cooperatives, fishery cooperatives, federation of fishery cooperatives, and The Norinchukin Bank. The same applies hereinafter in this chapter, except for Article 94, paragraph (4)) pursuant to the provisions of Article 828, paragraphs (1) (limited to the part pertaining to item (i)) and (2) (limited to the part pertaining to item (i)) of the Companies Act (Act No. 86 of 2001) as applied mutatis mutandis pursuant to Article 63-2 of the Agricultural Cooperatives Act and Article 67-2 of the Fishery Cooperatives Act (including the cases as applied mutatis mutandis pursuant to Article 92, paragraph (4), Article 96, paragraph (4), and Article 100, paragraph (4) of the Act), the provisions of Article 828, paragraphs (1) (limited to the part pertaining to item (v)) and (2)(limited to the part pertaining to item (v)) of the Companies Act as applied mutatis mutandis pursuant to Article 50, paragraph (3) (including the cases as applied mutatis mutandis pursuant to Article 50-2, paragraph (4) and Article 50-4, paragraph (4) of the Act) of the Agricultural Cooperatives Act, Article 54, paragraph (3) (including the cases as applied mutatis mutandis pursuant to Article 54-2, paragraph (6) (including the cases as applied mutatis mutandis pursuant to Article 92, paragraph (3), Article 96, paragraph (3), and Article 100, paragraph (3) of the Act), Article 54-4, paragraph (3) (including the cases as applied mutatis mutandis pursuant to Article 96, paragraph (3) of the Act), Article 92, paragraph (3), Article 96, paragraph (3), and Article 100, paragraph (3) of the Act) of the Fishery Cooperatives Act, Article 30 of the Restructuring and Enhancement Act, and Article 53, paragraph (3) of the Norinchukin Bank Act, the provision of Article 828, paragraphs (1)(limited to the part pertaining to item (vii) and item (viii)) and (2)(limited to the part pertaining to item (vii) and item (viii)) of the Companies Act as applied mutatis mutandis pursuant to Article 69 of the Agricultural Cooperatives Act, Article 73 (including the case as applied mutatis mutandis pursuant to Article 92, paragraph (5), Article 96, paragraph (5), and Article 100, paragraph (5) of the Act) of the Fishery Cooperatives Act, and Article 22, paragraph (1) of the Restructuring and Enhancement Act, and the provision of Article 831 of the Companies Act as applied mutatis mutandis pursuant to Article 47 of the Agricultural Cooperatives Act, Article 51 (including the cases as applied mutatis mutandis pursuant to Article 92, paragraph (3), Article 96, paragraph (3), and Article 100, paragraph (3)) of the Fishery Cooperatives Act, and Article 50 of the Norinchukin Bank Act.

(2)A prefectural governor, must appoint one or more administrators at the time of disposing ordering to manage.

(3)The prefectural governor, when finding it necessary, may appoint another administrator after the appointment of an administrator under the preceding paragraph, or, when finding that the administrator has failed to properly manage the business and assets of the agricultural or fishery cooperative under management, may dismiss the administrator.

(4)The prefectural governor, if they have appointed an administrator under the preceding two paragraphs or dismissed the person under the preceding paragraph, must notify the agricultural or fishery cooperative under management to that effect and must give public notice thereof in the Official Gazette.

(5)The provisions of Article 60, Article 61, paragraph (1), Article 70, and Article 71 of the Civil Rehabilitation Act apply mutatis mutandis to an administrator, and the provisions of Article 78 of the Act on General Incorporated Associations and General Incorporated Foundations apply mutatis mutandis to an agricultural or fishery cooperative under management. In this case, the term "the court" in Article 61, paragraph (1) of the Civil Rehabilitation Act is replaced with "the prefectural governor (in the case where the agricultural or fishery cooperative under the management of that administrator is under the supervision of the competent minister, the competent minister; the same applies hereinafter)", the term " with permission of the court, they may perform their duties independently or" in the proviso to Article 70, paragraph (1) of the Act is replaced with "with the approval of the prefectural governor,", the term "trustee representatives" in Article 71, paragraph (1) of the Act is replaced with "administrator representatives," and the term "permission of the court" in paragraph (2) of the Article is replaced with "approval of the prefectural governor", and the term "representative director or other representatives" in Article 78 of the Act on General Incorporated Associations and General Incorporated Foundations is replaced with "administrator".

Article 86(1)A corporation may be appointed as an administrator or an administrator representative.

(2)The SIC may be appointed as an administrator or an administrator representative and carry out the business thereof.

(3)A federation of fishery cooperatives engaged in the business set forth in Article 87, paragraph (1), item (xi) of the Fishery Cooperatives Act may conduct the business provided for in the paragraph and of the Article, paragraph (8), and become an administrator or an administrator representative in addition to conducting its business.

(4)A federation of fishery processing cooperatives engaged in the business set forth in Article 97, paragraph (1), item (vii) of the Fishery Cooperatives Act may conduct the business provided for set forth in the paragraph, and become an administrator or an administrator representative in addition to conducting its business.

Article 87(1)When a prefectural governor has issued the disposition ordering to manage or rescinded the disposition ordering to manage, they must immediately notify the district court which has jurisdiction over the location of the principal office of the agricultural or fishery cooperative under management to that effect, attach a transcript of the written order to a written commission, and commission its registration in the registry office which has jurisdiction over the location of the principal office of the agricultural or fishery cooperative under management.

(2)The registration under the preceding paragraph must include the name and address of an administrator.

(3)The provisions of paragraph (1) apply mutatis mutandis to cases where any changes occur to the particulars specified in the preceding paragraph.

Article 88A prefectural governor, if the governor finds it necessary, may request the administrator to submit reports or materials with regard to the status of business and assets, etc. of an agricultural or fishery cooperative under management or order the administrator to prepare and submit a plan for its management and take other necessary measures.

Article 89(1)The administrator may request directors, inspectors (in the event that the agricultural or fishery cooperative under management is a cooperative with an accounting auditor as set forth in Article 37-2, paragraph (3) of the Agricultural Cooperatives Act, a cooperative with an accounting auditor as set forth in Article 41-2, paragraph (3) (including the cases as applied mutatis mutandis pursuant to Article 92, paragraph (3), Article 96, paragraph (3), and Article 100, paragraph (3) of the Act) of the Fishery Cooperatives Act (hereinafter collectively referred to as the "cooperative with an accounting auditor"), or The Norinchukin Bank, the inspector and accounting auditor and the member who should perform the duty), counselors and other employees of the agricultural or fishery cooperative under management, and persons who used to be one of these persons to report on the status of business and assets (in the case of a person who used to be one of these persons, limited to particulars that could have only been known during the period when the person was engaged in the business of the relevant agricultural or fishery cooperative under management) of the agricultural or fishery cooperative under management, or inspect books, documents, and other objects of the agricultural or fishery cooperative under management.

(2)If it is necessary for carrying out their duty, an administrator may inquire with, or request the cooperation of, government agencies, public entities, or any other person.

Article 90(1)An administrator and an administrator representative (hereinafter referred to as "administrator, etc." in this Article) must not divulge any secret which has come to their knowledge in the course of their duty. The same applies after an administrator, etc. resigns from office.

(2)If an administrator, etc. is a corporation, their officers and staff who are engaged in the duties of an administrator, etc. must not divulge any secret which has come to their knowledge in the course of their duties. The same applies after the relevant officers or staff members are no longer engaged in the duties of an administrator, etc..

Article 91(1)An administrator, in order to have a director, or inspector of an agricultural or fishery cooperative under management (an inspector, or accounting auditor in the event that the agricultural or fishery cooperative is a cooperative with an accounting auditor or The Norinchukin Bank; the same applies in Article 94) or a person who used to be one of these persons perform civil responsibilities based on a breach of obligations in the course of duties, must file an action or take other necessary measures.

(2)An administrator, if when by carrying out their duties they believe that an offense has been committed, must take necessary measures toward filing an accusation.

Article 92(1)An administrator must obtain approval from the prefectural governor when carrying out, for themselves or for a third party, any transaction with an agricultural or fishery cooperative under management. In this case, Article 108 of the Civil Code does not apply.

(2)An act will be null and void if the approval set forth in the preceding paragraph has not been obtained; provided, however, that it may not be duly asserted against a third party without knowledge of the requirement to obtain the approval.

Article 93(1)Resolutions of an agricultural or fishery cooperative under management pursuant to the provisions of Article 46 of the Agricultural Cooperatives Act (including the cases as applied mutatis mutandis pursuant to Article 48, paragraph (7) of the Act and Article 9, paragraph (4) of the Restructuring and Enhancement Act (including the case as applied mutatis mutandis pursuant to Article 25, paragraph (2) of the Restructuring and Enhancement Act) of the Restructuring and Enhancement Act), Article 50 of the Fishery Cooperatives Act (including the cases as applied mutatis mutandis pursuant to Article 52, paragraph (6) (including the cases as applied mutatis mutandis pursuant to Article 92, paragraph (3), Article 96, paragraph (3), and Article 100, paragraph (3) of the same Act), Article 92, paragraph (3), Article 96, paragraph (3), and Article 100, paragraph (3) of the Act and Article 9, paragraph (4) of the Restructuring and Enhancement Act (including the case where it is applied mutatis mutandis pursuant to Article 25, paragraph (2) of the Act)), and Article 49, paragraph (1) of the Norinchukin Bank Act (including the case as applied mutatis mutandis pursuant to Article 51, paragraph (2) of the same Act), notwithstanding these provisions, may be made provisionally by two-thirds or more of the votes held by cooperative members, members or representatives (referred to as "cooperative members, etc." in the following paragraph) present.

(2)If a resolution is provisionally made under the preceding paragraph (hereinafter referred to as "provisional resolution" in this Article), the agricultural or fishery cooperative under management must notify its cooperative members, etc. of the purpose of the relevant provisional resolution and must call a subsequent general meeting or member representatives meeting within one month from the date of adoption of the relevant provisional resolution.

(3)If a provisional resolution is approved by a majority as prescribed in paragraph (1) at a general meeting or a member representatives meeting under the preceding paragraph, a resolution in relation to the matters of the relevant provisional resolution, etc. is deemed to have existed when the relevant approval was given.

Article 94(1)In the event that an agricultural or fishery cooperative under management is unable to satisfy its obligations in full with its assets, notwithstanding the provisions of Article 46 of the Agricultural Cooperatives Act (including the case where it is applied mutatis mutandis pursuant to Article 9, paragraph (4) of the Restructuring and Enhancement Act as applied mutatis mutandis pursuant to Article 25, paragraph (2) of the Restructuring and Enhancement Act) and Article 50-2, paragraph (1) of the Agricultural Cooperatives Act, the provisions of Article 50 of the Fishery Cooperatives Act (including cases where the provisions are applied mutatis mutandis pursuant to Article 92, paragraph (3), Article 96, paragraph (3), Article 100, paragraph (3) of the Act, and Article 9, paragraph (4) of the Restructuring and Enhancement Act as applied mutatis mutandis pursuant to Article 25, paragraph (2) of the Restructuring and Enhancement Act) and Article 54-2 paragraph (1) of the Fishery Cooperatives Act (including the cases where the provisions are applied mutatis mutandis pursuant to Article 92, paragraph (3), Article 96, paragraph (3), and Article 100, paragraph (3) of the Act), the provisions of Article 45 paragraph (1) of the Agricultural Cooperatives Act and Article 49, paragraph (1) of the Fishery Cooperatives Act (including cases where the provisions are applied mutatis mutandis pursuant to Article 92, paragraph (3), Article 96, paragraph (3), Article 100, paragraph (3)) as applied mutatis mutandis pursuant to Article 26, paragraph (3) of the Restructuring and Enhancement Act, and the provisions of Article 49, paragraph (1) of the Norinchukin Bank Act, the cooperative may carry out the following particulars (in the case of a person specified in Article 2, paragraph (1), item (i), item (iii) or item (v), limited to the particulars specified in item (ii)) with the permission of the court.

(2)An administrator, notwithstanding the provisions of Article 34, paragraphs (7) through (9) of the Agricultural Cooperatives Act, Article 339 of the Companies Act and Article 38 of the Agricultural Cooperatives Act as applied mutatis mutandis pursuant to Article 37-3, paragraph (1) of the Act, Article 38, paragraphs (7) through (9) of the Fishery Cooperatives Act (including the cases where these provisions are applied mutatis mutandis under Article 92, paragraph (3) of the same Act), Article 339 of the Companies Act and Article 42 of the Fishery Cooperatives Act (including the cases as applied mutatis mutandis pursuant to Article 92, paragraph (3), Article 96, paragraph (3), and Article 100, paragraph (3) of the same Act), as applied mutatis mutandis pursuant to Article 41-3, paragraph (1) of the Act (including the cases as applied mutatis mutandis pursuant to Article 92, paragraph (3), Article 96, paragraph (3), and Article 100, paragraph (3) of the same Act), and Article 38 and Article 38-2, paragraph (1)of the Norinchukin Bank Act, the directors or inspectors of an agricultural or fishery cooperative under management may be dismissed with the permission of the court.

(3)In the event that the administrator intends to dismiss the directors or inspectors of the agricultural or fishery cooperative under management pursuant to the provisions of the preceding paragraph, and if the number of directors or inspectors fails to meet the number prescribed by an Act or by the articles of incorporation, an administrator may appoint a director or inspector of the agricultural or fishery cooperative under management with permission from the court, notwithstanding the provisions of Article 30, paragraphs (4) and (10), Article 30-2, paragraph (6) of the Agricultural Cooperatives Act, Article 329, paragraph (1) of the Companies Act as applied mutatis mutandis pursuant to Article 37-3, paragraph (1) of the Act, Article 34, paragraphs (4) and (9) (including the cases where these provisions are applied mutatis mutandis pursuant to Article 92, paragraph (3), Article 96, paragraph (3), and Article 100, paragraph (3) of the same Act) of the Fishery Cooperatives Act, Article 34-2, paragraph (5) (including the case where it is applied mutatis mutandis pursuant to Article 92, paragraph (3) of the same Act) of the Act and Article 329, paragraph (1) of the Companies Act as applied mutatis mutandis pursuant to Article 41-3, paragraph (1) (including the cases where it is applied mutatis mutandis pursuant to Article 92, paragraph (3), Article 96, paragraph (3), and Article 100, paragraph (3) of the Act) of the Act, and Article 22, paragraph (1), Article 23, paragraph (1), Article 24, paragraph (1), and Article 24-2, paragraph (1) of the Norinchukin Bank Act. In this case, the provisions of Article 30, paragraphs (11) through (14) of the Agricultural Cooperatives Act, Article 34, paragraphs (10) of the Fishery Cooperatives Act (including the cases where it is applied mutatis mutandis pursuant to Article 92, paragraph (3), Article 96, paragraph (3), and Article 100, paragraph (3) of the same Act), paragraphs (11), (12), and (13) (including the cases where it is applied mutatis mutandis pursuant to Article 92, paragraph (3), Article 96, paragraph (3), and Article 100, paragraph (3) of the same Act) of the Act, and Article 24, paragraph (3) of the Norinchukin Bank Act does not apply.

(4)The director who was appointed pursuant to the provisions of the preceding paragraph (in the case where the relevant agricultural or fishery cooperative under management is a cooperative with business management committee members as set forth in Article 30-2, paragraph (5) of the Agricultural Cooperatives Act, or a cooperative with business management committee members as set forth in Article 34-2, paragraph (4) of the Fishery Cooperatives Act (including the case as applied mutatis mutandis pursuant to Article 92, paragraph (3) of the same Act) (hereinafter collectively referred to as the "cooperative with business management committee members" in this paragraph), or The Norinchukin Bank, business management committee members) and the inspector of the cooperative under management appointed under the provisions of the preceding paragraph will resign at the conclusion of the ordinary general meeting (if a general meeting of representatives is established and the election of officers can be held at the general meeting of representatives, the ordinary general meeting of representatives) convened first after the conclusion of the management by the administrator and the director (limited to the case where the agricultural or fishery cooperative under management is a cooperative with management committee members or The Norinchukin Bank) will resign at the conclusion of the business management committee convened first after the conclusion of the ordinary general meeting.

(5)When the permission prescribed in paragraphs (1) through (3) (hereinafter referred to as "substituted permission" in this Article and the following Article) has been granted , it is deemed that a resolution of a general meeting, member representatives meeting, or business management committee has been adopted concerning particulars in relation to the relevant substituted permission.

(6)The district court which has jurisdiction over the location of a principal office of the relevant agricultural or fishery cooperative under management has jurisdiction over cases in relation to the substituted permission.

(7)The court, when it has made a substituted permission, must serve a written decision thereof on an agricultural or fishery cooperative under management and give public notice of the outline of the decision.

(8)The public notice under the preceding paragraph will be published in the Official Gazette.

(9)A decision on the substituted permission takes effect as of the time of service thereof on an agricultural or fishery cooperative under management under paragraph (7).

(10)Cooperative members or members may make an immediate appeal against a decision on the substituted permission within an unextendible period of two weeks from the date of the public notice set forth in paragraph (7). In this case, if the immediate appeal is against a decision on the substituted permission in relation to dissolution, it has the effect of a stay of execution.

(11)The provisions of Article 5, Article 6, Article 7, paragraph (2), Article 40, Article 41, Article 56, paragraph (2), and Article 66, paragraphs (1) and (2) of Non-Contentious Cases Procedures Act (Act No. 51 of 2011) do not apply to cases in relation to the substituted permission.

Article 95In the case of a substituted permission in relation to particulars specified in paragraph (1), item (i), paragraph (2), or paragraph (3) of the preceding Article, a transcript or extract of a written decision of the relevant substituted permission must be attached to a written application for registration in relation to the relevant particulars.

Article 96An administrator is to conclude the management of an agricultural or fishery cooperative under management by transferring its credit business or taking other measures within one year from the date of the disposition ordering to manage; provided, however, that in cases where it is impossible to conclude the management within the period due to unavoidable circumstances, the period may be extended up to two times per year with approval from the prefectural governor.

Article 97(1)When the competent minister recognizes it may seriously hinder maintaining an orderly credit system in Japan or in a certain region where the relevant agricultural or fishery cooperative conducts its business if the measures specified in each of the following items are not taken with respect to the agricultural or fishery cooperative specified in each respective item, the minister may certify the necessity to take the relevant measures (hereinafter referred to as a "certification" in this Chapter, following deliberation by a council for financial crises (hereinafter referred to as the "council" in this Chapter through Chapter VIII):

(2)If the competent minister intends to give certification in respect to the agricultural and fishery cooperative pertaining to the supervision of a prefectural governor, the minister must hear the opinions of the prefectural governor in advance.

(3)When giving certification in relation to the measures under item (i), the competent minister must specify a period of time within which an application under Article 100, paragraph (1) can be made by an agricultural or fishery cooperative subject to the relevant certification.

(4)Upon giving certification, the competent minister must announce that fact and, if the certification is in relation to the measures under item (i), the period of time specified under the preceding paragraph, to the agricultural or fishery cooperative subject to the relevant certification and the SIC and must give public notice thereof in the Official Gazette.

(5)Upon giving certification, the competent minister must report the details of the relevant certification to the Diet.

Article 98(1)If, between the time of certification in relation to the measures under item (i) and the decision under Article 100, paragraph (3), an agricultural or fishery cooperative subject to the relevant certification comes to fall under the agricultural or fishery cooperative specified in paragraph (1), item (ii) of the preceding Article, the competent minister, following deliberation by the Council, is to rescind the relevant certification.

(2)The provisions of paragraphs (2), (4), and (5) of the preceding Article apply mutatis mutandis to the rescission of the certification under the preceding paragraph.

Article 99(1)An agricultural or fishery cooperative subject to certification in relation to the measures under item (i), must submit a plan to the competent minister within the period prescribed in Article 97, paragraph (3), setting forth measures to enhance the adequacy of equity capital by means other than the measures under item (i), if that cooperative does not make an application prescribed in paragraph (1) of the following Article.

(2)If the competent minister finds that the plan submitted under the preceding paragraph by the agricultural or fishery cooperative prescribed in the same paragraph is appropriate, the minister, following deliberation by the council, is to rescind the certification in relation to the relevant agricultural or fishery cooperative.

(3)The provisions of Article 97, paragraphs (2), (4), and (5) apply mutatis mutandis to the rescission of the certification pursuant to the provisions of the preceding paragraph.

(4)In the event that an agricultural or fishery cooperative subject to certification in relation to the measures under item (i) has not made an application prescribed in paragraph (1) of the following Article within the period prescribed in Article 97, paragraph (3), if the relevant agricultural or fishery cooperative does not submit the plan prescribed in paragraph (1) within the relevant period, the competent minister is to rescind the relevant certification.

(5)If the competent minister finds that the plan submitted by an agricultural or fishery cooperative under the provisions of paragraph (1) is not appropriate, the minister is to rescind the relevant certification.

(6)If the competent minister intends to rescind the certification in relation to the measures under item (i) under the provisions of the preceding two paragraphs, the minister must hear the opinions of the Minister of Finance in advance.

(7)The provisions of Article 97, paragraphs (2), (4), and (5) apply mutatis mutandis to the rescission of the certification in relation to the measures under item (i) under paragraphs (4) or (5).

(8)In the event that certification in relation to the measures under item (i) has been rescinded under paragraph (4) or (5), when a situation is likely to arise in which the agricultural or fishery cooperative subject to the relevant rescission is unable to satisfy its obligations in full with its assets, notwithstanding the provisions of Article 97, paragraph (1), the competent minister, following deliberation by the council, may give the certification in relation to the measures under item (ii) with respect to the relevant agricultural or fishery cooperative.

(9)The provisions of Article 97, paragraphs (2), (4), and (5) apply mutatis mutandis to the certification in relation to the measures under item (ii) pursuant to the provisions of the preceding paragraph.

Article 100(1)In the event that certification in relation to the measures under item (i) has been given, when the SIC has received an application in relation to the measures under item (i) from the agricultural or fishery cooperative subject to the relevant certification within the period prescribed in Article 97, paragraph (3), the SIC must request a decision from the competent minister in the joint names with the relevant agricultural or fishery cooperative as to whether or not to implement the measures under item (i) in relation to the relevant application.

(2)An agricultural or fishery cooperative that has made an application as set forth in the preceding paragraph must submit to the competent minister, a plan for the soundness of its management that sets forth measures for the streamlining of its management and other measures specified by Cabinet Order.

(3)The competent minister is to make a decision to carry out measures under item (i) in relation to an application prescribed in paragraph (1), only if all of the following requirements are satisfied:

(4)The competent minister must obtain consent from the Minister of Finance when making a decision under the preceding paragraph.

(5)Upon making a decision under paragraph (1), the competent minister must report the effect to the relevant agricultural or fishery cooperative and the SIC.

(6)In the event that a decision is made not to implement the measures under item (i) pertaining to the application set forth in paragraph (1), the competent minister is immediately to rescind the certification pertaining to the measures under item (i) subscribed by the agricultural or fishery cooperative that made the relevant application.

(7)The provisions of paragraphs (6) through (9) of the preceding Article apply mutatis mutandis to the rescission of certification in relation to the measures under item (i) under the provisions of the preceding paragraph.

Article 101(1)When a decision is made under the provisions of paragraph (3) of the preceding Article, the SIC is to carry out subscription of preferred equity investment, etc. in accordance with the relevant decision.

(2)The SIC, when it has carried out subscription of preferred equity investment, etc. under the provisions of the preceding paragraph, must promptly report the details thereof to the competent minister (in the case where SIC has conducted the subscription of preferred equity investment, etc. from an agricultural or fishery cooperative pertaining to the supervision of a prefectural governor, the competent minister and the prefectural governor).

Article 101-2(1)For the application of the provisions of Article 4, paragraph (2) of the Act on Preferred Equity Investment by Cooperative Financial Institutions, it is deemed that no preferred equity investments have been issued in accordance with a decision under the provisions of under Article 100, paragraph (3) by an agricultural or fishery cooperative that is subject to the certification in relation to the measures under item (i).

(2)In the event that preferred equity investments have been issued in accordance with a decision under the provisions of Article 100, paragraph (3) by the agricultural or fishery cooperative referred to in the preceding paragraph, registration to that effect must be made pursuant to Cabinet Order provisions in registering a change resulting from the issuance of the relevant preferred equity investments.

Article 102(1)The competent minister, upon making a decision under the provisions of Article 100, paragraph (3), is to make public the plan submitted under the provisions of paragraph (2) of the same Article; provided, however, that this does not apply to particulars that may damage credit order, may divulge any secret of depositors, etc. or business customers of an agricultural or fishery cooperative that submitted the relevant plan and may bring undue disadvantage to the conduct of business by the relevant agricultural or fishery cooperative.

(2)Until the time when the SIC makes disposal or receives repayment with respect to the whole of acquired preferred equity investment or acquired loan claims, the competent minister may request the agricultural or fishery cooperative pertaining to the acquired preferred equity investment or acquired loan claims to report the status of implementation of the plan submitted under Article 100, paragraph (2), and may make the report public.

Article 103(1)If the SIC intends to transfer or dispose of acquired preferred equity investment or acquired loan claims, it must obtain approval from the competent minister.

(2)Upon making a disposal as prescribed in the preceding paragraph, the SIC must promptly report the details thereof to the competent minister (in the case where the agricultural or fishery cooperative pertaining to the relevant disposal is under the supervision of a prefectural governor, the competent minister and the relevant prefectural governor).

Article 104(1)When certification in relation to the measures under item (ii) is given under Article 97, paragraph (1) or Article 99, paragraph (8) (including cases where it is applied mutatis mutandis pursuant to Article 100, paragraph (7)), notwithstanding the provisions of Article 83, paragraphs (1) and (2), the competent minister is to immediately issue the disposition ordering to manage with respect to the agricultural or fishery cooperative subject to the relevant certification.

(2)With regard to applying this Act in the event that the disposition ordering to manage is issued under the preceding paragraph, the agricultural or fishery cooperative subject to the relevant disposition ordering to manage (excluding agricultural or fishery cooperative in financial difficulties) is deemed to be an agricultural or fishery cooperative in financial difficulties.

(3)For the application of the provisions of Chapter III, Section 4 (excluding Article 63, paragraph (6) and Article 65, paragraph (5)) in the event that the disposition ordering to manage is issued under the paragraph (1), the agricultural or fishery cooperative subject to the relevant disposition ordering to manage (excluding those pertaining to the supervision of the competent minister) is deemed to be an agricultural or fishery cooperative pertaining to the supervision of the competent minister.

(4)The provisions of Article 65, paragraph (2) do not apply to cases where a resolution by the committee prescribed in paragraph (1) of the Article is deliberated with respect to the financial assistance related to a merger, etc. in which an agricultural or fishery cooperative that is subject to a disposition ordering to manage under the provisions of paragraph (1) is deemed to be the agricultural or fishery cooperative in financial difficulties. In this case, when the committee finds, in light of the financial conditions of the relevant agricultural or fishery cooperative, that the financial assistance does not exceed the scope necessary to carry out the merger, etc., it may adopt a resolution to provide financial assistance.

Article 105(1)If financial assistance is provided pursuant to a resolution under paragraph (4) of the preceding Article, the SIC is to transfer from an account (hereinafter referred to as "crisis management account") related to operations specified in Article 40-2, item (ii) (hereinafter referred to as "crisis management operations") to a general account the amount remaining after deducting expected costs for the payment of insurance proceeds with respect to an insured event of the agricultural or fishery cooperative in relation to the relevant financial assistance from the expected costs of the relevant financial assistance.

(2)Any transfer from the crisis management account to the general account under the preceding paragraph is deemed to be crisis management operations.

Article 106(1)Within three months of the end of each business year, the SIC must report the following to the competent minister with regard to income and expenditure in the crisis management account during the relevant business year:

(2)In the event that a report prescribed in the preceding paragraph is received, the competent minister, when they find it necessary, must prescribe a contribution rate and payment period related to contributions to be paid by an agricultural or fishery cooperative under paragraph (1) of the following Article (hereinafter referred to as "contributions" in this paragraph and the following paragraph) or specified contributions to be paid by The Norinchukin Bank, etc. (referred to as The Norinchukin Bank or its member agricultural or fishery cooperative; the same applies hereinafter.) under Article 110-17, paragraph (1) in each business year following the business year that includes the time of receipt of the relevant report (hereinafter referred to as the "time of report" in this paragraph); provided, however, that in any business year preceding the business year in which the time of report falls, when a contribution rate and payment period for the contributions or specified contributions in each business year after the business year in which the time of report falls are prescribed, the contribution rate and payment period for the contributions or specified contributions in each business year after the business year in which the relevant time of report falls will be prescribed by changing the contribution rate and payment period.

(3)The contribution rate and payment period must be established by taking the following particulars into consideration and in a manner that covers loss in the crisis management account with the contributions or specified contributions and does not subject any specific agricultural or fishery cooperative or The Norinchukin Bank, etc. to discriminatory treatment:

(4)Upon prescribing a contribution rate and payment period under paragraph (2), the competent minister must give public notice thereof in the Official Gazette.

(5)When the competent minister finds it necessary, the minister may request the SIC to state its opinion or submit reports or materials in order to prescribe the contribution rate and payment period under paragraph (2).

Article 107(1)When a public notice is given under the provisions of paragraph (4) of the preceding Article (including cases where it is applied mutatis mutandis pursuant to paragraph (3) of the following Article), an agricultural or fishery cooperative, during the payment period related to the relevant public notice, must submit the documents specified by order of the competent ministry by June 30 of each year included in the payment period pertaining to the public notice and pay contributions to the SIC to cover the costs incurred in carrying out the crisis management operations (excluding those related to The Norinchukin Bank related to the specified certification prescribed in Article 110-2, paragraph (1)).

(2)The amount of the contributions to be paid by the agricultural or fishery cooperative (excluding Article 110-17, paragraphs (1) and (2), hereinafter referred to as the "contributions") pursuant to the provisions of the preceding paragraph is the amount of the liabilities (excluding those specified by order of the competent ministry) as of March 31 of the year that includes the day on which such contributions are to be paid with respect to each agricultural or fishery cooperative, multiplying by the contribution rate specified pursuant to the provisions of paragraph (2) of the preceding Article.

(3)The provisions of Article 50, paragraph (2) and Articles 52 to 54 apply mutatis mutandis to contributions.

Article 108(1)When it becomes evident that there will be an excess or deficiency in the contributions or specified contributions due to fluctuations in interest on the borrowings of the SIC, government subsidies prescribed in paragraph (1) of the following Article, or other causes (excluding related to items specified in each item of paragraph (1) of the Article 106), the SIC must report to that effect to the competent minister.

(2)The competent minister may change the contribution rate and payment period prescribed under the provisions of Article 106, paragraph (2) to the extent necessary to make adjustments for any excess or deficiency in the contributions or specified contributions in relation to the report prescribed in the preceding paragraph.

(3)The provisions of Article 106, paragraphs (4) and (5) apply mutatis mutandis to cases where the competent minister changes a contribution rate and payment period under the preceding paragraph.

Article 109(1)The government may provide subsidies to the SIC for part of the costs required for the crisis management operations within the limit specified in a budget, only when it is found that, if the costs of the operations are to be funded solely with the contributions or specified contributions, the financial conditions of the agricultural or fishery cooperative or The Norinchukin Bank, etc. would deteriorate significantly and it may seriously hinder maintaining an orderly credit system in Japan or cause severe disruption in the financial market or any other financial system in Japan.

(2)In any business year in which no contributions or specified contributions are paid (limited to the business year following the business year that includes the day on which a government subsidy is received under the preceding paragraph), if there is any amount calculated as profit in the crisis management account resulting from the settlement of profits and losses pursuant to order of the competent ministry, the SIC must pay the relevant amount to the national treasury after deducting the amount already paid to the national treasury under this paragraph from the total amount of government subsidies already received under the preceding paragraph.

(3)Procedures for payment and other necessary particulars concerning the payment amount prescribed in the preceding paragraph will be specified by Cabinet Order.

Article 110(1)The SIC, when it finds it necessary for carrying out the crisis management operations, may borrow funds (including refinancing) from the Bank of Japan, a financial institution, or any other person up to the amount specified by Cabinet Order with authorization from the competent minister.

(2)The provisions of Article 42, paragraphs (4) and (5) and Article 42-2 apply mutatis mutandis to cases where the SIC borrows funds under the provisions of the preceding paragraph.

Article 110-2(1)If the competent minister finds that, if special monitoring prescribed in paragraph (1) of the following Article and the loan of funds, etc. prescribed in Article 110-12, paragraph (1) conducted as necessary in light of the financial conditions of The Norinchukin Bank or the subscription of preferred equity investment, etc. pursuant to provisions of Article 101, paragraph (1) as applied mutatis mutandis pursuant to Article 110-14, paragraph (5) (hereinafter referred to as "specified measures") are not taken with respect to The Norinchukin Bank, it may cause severe disruption in Japan's financial market and any other financial systems, the minister, following deliberation by the council, may certify the necessity to take the relevant measures (hereinafter referred to as "specified certification" in this Chapter and the following Chapter); provided, however, that this does not apply where The Norinchukin Bank is unable to pay its debts in full with its assets.

(2)If the competent minister has given the specified certification, and the minister finds it necessary to enhance the adequacy of equity capital of The Norinchukin Bank, the minister must specify a period of time within which an application under Article 110-14, paragraph (1) may be made by The Norinchukin Bank.

(3)Upon giving the specified certification, the competent minister must announce to that effect and, the period of time specified under the provisions of the preceding paragraph to The Norinchukin Bank and the SIC, and give public notice thereof in the Official Gazette.

(4)Upon giving the specified certification, the competent minister must report the details of the relevant specified certification to the Diet.

Article 110-3(1)If the specified certification has been given, the competent minister is to immediately designate The Norinchukin Bank as the person whose execution of business, and management and disposal of assets will be monitored by the SIC (referred to as "special monitoring" in Article 110-6 and Article 110-7, paragraph (3)).

(2)When the designation under the preceding paragraph (hereinafter referred to as "designation of special monitoring") has been made, the SIC may give necessary advice, instructions, or recommendations and other necessary advices for ensuring the implementation of the plan prepared pursuant to the provisions of paragraph (5) (hereinafter referred to as "advice, etc." in this paragraph) and any other necessary advice, etc. to The Norinchukin Bank with regard to the execution of its business, and management and disposal of its assets.

(3)Upon making designation of special monitoring, if the competent minister finds it necessary for avoiding the risk of severe disruption being caused to the financial system in Japan , the minister may order necessary measures to The Norinchukin Bank with regard to the execution of its business, and management and disposal of its assets while specifying the time limit by which the measures should be taken.

(4)Upon making designation of special monitoring, the competent minister must notify The Norinchukin Bank and the SIC to that effect and give public notice thereof in the Official Gazette.

(5)The competent minister, when finding it necessary in the case of making designation of special monitoring, may request The Norinchukin Bank to submit reports or materials with regard to the status of business and assets, etc. to the competent minister and the SIC or order to prepare a plan for its management and submit it to the competent minister and the SIC.

Article 110-4(1)In the event that designation of special monitoring has been made, when the SIC finds necessary, it may entrust the whole or part of implementation of monitoring in relation to the relevant designation of special monitoring to a third party.

(2)With regard to entrustment under the preceding paragraph, the approval of the competent minister must be obtained.

(3)A special monitoring agent (meaning the third party to that entrustment was made pursuant to paragraph (1); the same applies in Article 110-11 and Article 123-2) may receive advance payments of costs as well as remuneration determined by the competent minister.

Article 110-5(1)The competent minister must rescind the designation of special monitoring, when finding that there is no longer any need for the relevant designation of special monitoring.

(2)The provisions of Article 110-3, paragraph (4) apply mutatis mutandis to the case referred to in the preceding paragraph.

Article 110-6(1)The SIC is to conclude special monitoring of The Norinchukin Bank taking necessary measures or other related measures for avoiding the risk of severe disruption being caused to the financial system in Japan and other related measures within one year from the date of the designation of special monitoring; provided, however, that in cases where it is impossible to conclude the special monitoring within the relevant period due to unavoidable circumstances, the relevant period may be extended up to two times per year with the approval of the competent minister.

(2)Upon concluding special monitoring pursuant to the preceding paragraph, the SIC must notify The Norinchukin Bank to that effect and give public notice thereof.

Article 110-7(1)In the event that The Norinchukin Bank related to the designation of special monitoring is likely to be unable to satisfy its obligations in full with its assets or has suspended payment of obligations or is likely to suspend payment of obligations, when the SIC finds it to be inappropriate to have the director, management committee member, inspector, or accounting auditor (hereinafter referred to as the "officer, etc." in this Article) of The Norinchukin Bank continue to carry out their duties, the SIC, notwithstanding the provisions of Article 38 and Article 38-2 paragraph (1) of the Norinchukin Bank Act, may dismiss the officers, etc. of The Norinchukin Bank with the permission of the court.

(2)In the event that the SIC intends to dismiss any officer, etc. of The Norinchukin Bank under the provisions of the preceding paragraph, when the number of officers, etc. fails to meet the number prescribed by an Act or by the articles of incorporation by dismissal, the SIC, notwithstanding the provisions of Article 22, paragraph (1), Article 23, paragraph (1), Article 24, paragraph (1) and Article 24-2, paragraph (1) of the Norinchukin Bank Act, may appoint an officer, etc. of The Norinchukin Bank with the permission of the court. In this case, the provisions of Article 24, paragraph (3) of the Act do not apply.

(3)The officer, etc. (excluding the director; the same applies hereinafter in this paragraph) of The Norinchukin Bank appointed under the preceding paragraph will resign at the conclusion of the ordinary general meeting (if a general meeting of representatives is established, at which it is possible to appoint officers, etc., the ordinary general meeting of representatives), convened first after the conclusion of the special monitoring, and a director will resign at the completion of the first meeting of the management committee held after the conclusion of the relevant ordinary general meeting.

(4)When the permission prescribed in paragraph (1) or (2) (hereinafter referred to as "substituted permission" in this paragraph and the following paragraph) has been granted, it is deemed that there has been a resolution by the general meeting or member representatives meeting or business management committee with respect to the matters pertaining to the relevant substituted permission.

(5)The provisions of Article 94, paragraphs (6) through (9), the first sentence of paragraph (10) and paragraph (11) and Article 95 apply mutatis mutandis to the substituted permission. In this case, the term "the relevant agricultural or fishery cooperative under management" in Article 94, paragraph (6) and the term "an agricultural or fishery cooperative under management" in paragraphs (7) and (9) of the same Article is replaced with "The Norinchukin Bank", and the term "paragraph (1), item (i), paragraph (2), or paragraph (3) of the preceding Article" in Article 95 is replaced with "Article 110-7, paragraph (1) or paragraph (2)".

Article 110-8When the SIC finds that orderly resolution of assets and liabilities of The Norinchukin Bank is likely to be hindered, if an agricultural or fishery cooperative (limited to those that are members of The Norinchukin Bank) that is a creditor of The Norinchukin Bank related to the designation of special monitoring collects claims from The Norinchukin Bank or exercises the right as a creditor specified by order of the competent ministry, the SIC must request the relevant agricultural or fishery cooperative to refrain from exercising the relevant right until necessary measures for avoiding the risk of severe disruption being caused to the financial system in Japan are taken.

Article 110-9When a petition has been filed against The Norinchukin Bank pertaining to a designation of special supervision for commencement of bankruptcy proceedings, commencement of rehabilitation proceedings, or recognition of foreign insolvency proceedings, before a ruling is given on the relevant petition, the competent minister may state that measures for orderly resolution of assets and liabilities of The Norinchukin Bank have been taken, and state any other particulars concerning The Norinchukin Bank, and express opinions on the timing of the relevant ruling and other particulars to the court.

Article 110-10The competent minister may order The Norinchukin Bank to retain part of its assets specified by Cabinet Order, within Japan, pursuant to the provisions of the Cabinet Order, when and to the extent that they find it necessary for smoothly implementing the orderly resolution of assets and liabilities of The Norinchukin Bank subject to the specified certification.

Article 110-11The provisions of Article 90 apply mutatis mutandis to a special monitoring agent, and the provisions of Article 93 apply mutatis mutandis to The Norinchukin Bank pertaining to a designation of special monitoring (limited to the case that is likely to be unable to satisfy its obligations in full with its assets, or has suspended payment of obligations or is likely to suspend payment of obligations).

Article 110-12(1)In the event that the SIC receives from The Norinchukin Bank that is subject to the specified certification, an application for loan of funds, etc. (meaning the loan of funds necessary for avoiding the risk of severe disruption being caused to the financial system in Japan or guarantee of obligations necessary for avoiding the risk of severe disruption being caused to the financial system in Japan), when the SIC finds it necessary, and following a resolution of the committee, it may decide to provide the loan or the guarantee of obligations in relation to the relevant application within the limit necessary.

(2)When a loan under the preceding paragraph has been provided or when the obligations in relation to guarantee of obligations under the same paragraph have been paid, the SIC has the right to have its claims satisfied out of the assets of The Norinchukin Bank in relation to the right to reimbursement based on the relevant loan or the relevant guarantee of obligations in preference over other creditors.

(3)The order of the statutory lien under the preceding paragraph is to be next to the general statutory lien under the provisions of the Civil Code.

Article 110-13(1)If The Norinchukin Bank subject to the specified certification does not make an application under the provisions of paragraph (1) of the following Article, it must submit a plan to the competent minister within the period prescribed in Article 110-2, paragraph (2), setting forth measures to enhance the adequacy of equity capital by means other than subscription of preferred equity, etc. investment pertaining to the specified measures.

(2)If the competent minister finds that the plan submitted under the preceding paragraph by The Norinchukin Bank is appropriate, the minister, following deliberation by the council, may rescind the specified certification.

(3)In the event that The Norinchukin Bank has not made an application pursuant to the provisions of paragraph (1) of the following Article within the time limit set pursuant to the provisions of Article 110-2, paragraph (2), if The Norinchukin Bank does not submit the plan prescribed in paragraph (1) within the relevant period, the competent minister may rescind the specified certification.

(4)If the competent minister finds that the plan submitted by The Norinchukin Bank under paragraph (1) is not appropriate, the minister may rescind the specified certification.

(5)If the competent minister intends to rescind the specified certification under the provisions of the preceding two paragraphs, the minister must hear the opinion of the Minister of Finance in advance.

(6)The provisions of Article 110-2, paragraphs (3) and (4) apply mutatis mutandis to the rescission of the specified certification pursuant to the provisions of paragraphs (2) through (4).

Article 110-14(1)The Norinchukin Bank subject to the specified certification may apply to the SIC to carry out a subscription of preferred equity investment, etc. of The Norinchukin Bank to enhance the adequacy of equity capital of the Bank; provided, however, that this does not apply where The Norinchukin Bank has suspended payment of debts.

(2)When the SIC has received an application under the preceding paragraph, the SIC must request a decision from the competent minister in the joint names with The Norinchukin Bank as to whether or not to carry out the subscription of preferred equity investment, etc. in relation to the relevant application.

(3)The Norinchukin Bank that has made an application under the provisions of paragraph (1) must submit to the competent minister, a management soundness improvement plan setting forth measures to streamline the management and other measures specified by Cabinet Order.

(4)The competent minister is to make a decision to carry out the subscription of preferred equity investment, etc. in relation to specified measures in relation to an application prescribed in paragraph (1) only if all of the following requirements are satisfied:

(5)The provisions of Article 100, paragraph (4) apply mutatis mutandis to the case of making a decision under the preceding paragraph; the provisions of paragraph (5) of the same Article apply mutatis mutandis to the case of having made a decision under paragraph (2); the provisions of paragraph (6) of the same Article apply mutatis mutandis to the case where a decision is made not to carry out subscription of preferred equity investment, etc. in relation to the application prescribed in paragraph (1); the provisions of paragraph (7) of the same Article apply mutatis mutandis to rescission of the specified certification under the provisions of paragraph (6) of the same Article as applied mutatis mutandis pursuant to this paragraph; the provisions of Article 101 apply mutatis mutandis to the case where the SIC carries out a subscription of preferred equity investment, etc. in accordance with a decision under the preceding paragraph; and the provisions of Article 101-2 apply mutatis mutandis to preferred equity investment that has been issued in accordance with a decision under the relevant paragraph by The Norinchukin Bank. In this case the term "the relevant agricultural or fishery cooperative" in Article 100, paragraph (5) is replaced with "The Norinchukin Bank"; the term "certification pertaining to the measures under item (i)" in paragraph (6) of the same Article is replaced with "specified certification (referring to the specified certification prescribed in Article 110-2, paragraph (1))"; the term "is" in paragraph (6) of the same Article is replaced with "may"; and any other necessary technical replacement of terms will be specified by Cabinet Order.

Article 110-15(1)Upon making a decision under paragraph (4) of the preceding Article, the competent minister is to make public the plan submitted under the provisions of paragraph (3) of the same Article; provided, however, that this does not apply to information whose disclosure is likely to cause disruption to the financial system, particulars which are likely to lead to the divulgence of any secret of creditors or any other business customers of The Norinchukin Bank and matters which are likely to bring undue disadvantage to the conduct of business by The Norinchukin Bank.

(2)Until the time when the SIC makes a disposal or receives repayment with respect to the whole of acquired preferred equity investments or acquired specified loan claims, the competent minister may request The Norinchukin Bank to report the status of implementation of the plan submitted under the provisions of paragraph (3) of the preceding article and make the report public.

Article 110-16(1)If the SIC intends to transfer or make any other disposal of acquired specified preferred equity investments or acquired specified loan claims, it must obtain approval from the competent minister.

(2)Upon making a disposal prescribed in the preceding paragraph, the SIC must promptly report the details thereof to the competent minister.

Article 110-17(1)When the public notice is given under Article 106, paragraph (4) (including cases where it is applied mutatis mutandis pursuant to Article 108, paragraph (3)), during the payment period specified in the relevant public notice, The Norinchukin Bank, etc. must submit documents specified by order of the competent ministry and pay contributions to the SIC by June 30 of each year included in the payment period pertaining to the relevant public notice in order to cover the costs incurred in carrying out the crisis management operations (limited to those in relation to The Norinchukin Bank subject to the specified certification).

(2)The amount of the contribution to be paid (hereinafter referred to as the "specified contribution" in this paragraph and the following paragraph) by The Norinchukin Bank, etc. pursuant to the provisions of the preceding paragraph is calculated for each Norinchukin Bank, etc. by multiplying the total amount of its liabilities as of March 31 of the year (excluding that specified by order of the competent ministry) that includes the day on which the specified contribution is to be paid by a contribution rate determined pursuant to the provisions of Article 106, paragraph (2).

(3)The provisions of Article 50, paragraph (2) and Articles 52 through 54 apply mutatis mutandis to the specified contribution. In this case, the term "an agricultural or fishery cooperative" in the same paragraph is to be replaced with "The Norinchukin Bank, etc. (meaning The Norinchukin Bank, etc. as prescribed in Article 106, paragraph (2); the same applies hereinafter), and the term "agricultural or fishery cooperative" in Article 52, paragraphs (1) and (3) is to be replaced with "The Norinchukin Bank, etc."

Article 111The provisions of Article 69-3 apply mutatis mutandis to cases where an application is received from a person specified in each item of the Article, paragraph (1) for the loan of funds necessary for refunding of savings, etc. subject to payment, etc. (limited to the repayment for savings, etc. subject to payment, etc. corresponding to the amount of insurance proceeds calculated under the insurance proceeds calculation provisions). In this case, the term "the provisions of Article 56-2, paragraph (1) and Article 56, paragraph(3) as applied mutatis mutandis pursuant to the Article , paragraph (2) in relation to the relevant settlement obligations" of the same paragraph is to be replaced with "insurance proceeds calculation provisions in relation to the relevant covered savings, etc."

Article 112The provisions of Article 69-3 (excluding paragraphs (3) and (4)) apply mutatis mutandis to cases where an application is received from a person specified in each item of Article 69-3, paragraph (1) (in the case of any person specified in item (i) of the same paragraph, limited to the time after a petition is filed for the commencement of bankruptcy proceedings or commencement of rehabilitation proceedings) for the loan of funds necessary to prevent a decline in the value of loan claims or other assets held by the person. In this case, the term "up to the total amount of insurance proceeds calculated under the provisions of Article 56-2, paragraph (1) and Article 56, paragraph (3) as applied mutatis mutandis pursuant to the Article, paragraph (2) in relation to the relevant settlement obligations" of the same paragraph is to be replaced with "within the limit necessary".

Article 112-2(1)Beyond cases prescribed in Section 4 of Chapter III, the SIC may purchase assets held by The Norinchukin Bank pertaining to designation of special monitoring.

(2)In cases where the SIC purchases assets under the preceding paragraph, it must comply with standards prescribed and publicize in advance by the competent minister.

(3)Upon receiving an application under paragraph (1) for the purchase of assets from The Norinchukin Bank, following a resolution of the committee, the SIC must decide without delay whether or not to carry out the purchase of assets in relation to the relevant application.

(4)Upon making a decision under the preceding paragraph, the SIC must immediately report particulars in relation to the decision to the competent minister.

(5)Upon making a decision to purchase assets under paragraph (3), the SIC is to conclude a contract for the purchase of the relevant assets with The Norinchukin Bank.

Article 113(1)The general meeting of an agricultural or fishery cooperative that has received certification of eligibility, etc. to vote on the transfer of credit business, etc. and on any amendment to its article and rules of the relevant agricultural or fishery cooperative necessary for the implementation may be held without going through the procedures for convocation, if all members or all partners consent, notwithstanding the provisions of Article 43-6 of the Agricultural Cooperatives Act, Article 47-5 of the Fishery Cooperatives Act (including the cases as applied mutatis mutandis pursuant to Article 92, paragraph (3), Article 96, paragraph (3), and Article 100, paragraph (3) of the same Act), Article 10 of the Restructuring and Enhancement Act as applied mutatis mutandis pursuant to Article 25, paragraph (2) and Article 26, paragraph (4) of the Restructuring and Enhancement Act and Article 46-3 of the Norinchukin Bank Act.

(2)The provisions of the preceding paragraph apply mutatis mutandis to a general meeting of representatives for the purpose of deliberating a resolution to approve the matters prescribed in the preceding paragraph. In this case, the term "all members or all partners" in the paragraph is replaced with "all member representatives" and the term "Article 43-6 of the Agricultural Cooperatives Act, Article 47-5 of the Fishery Cooperatives Act (including cases as applied mutatis mutandis pursuant to Article 92, paragraph (3), Article 96, paragraph (3) and Article 100, paragraph (3) of the same Act)" is replaced with "Article 43-6 of the Agricultural Cooperatives Act as applied mutatis mutandis pursuant to Article 48, paragraph (7) of same Act, Article 47-5 of the Fishery Cooperatives Act as applied mutatis mutandis pursuant to Article 52, paragraph (6) (including cases as applied mutatis mutandis pursuant to Article 92, paragraph (3), Article 96, paragraph (3) and Article 100, paragraph (3) of the same Act) of the same Act".

Article 114(1)When a decision to provide financial assistance is made under the provisions of Article 65, paragraph (1) for the purpose of supporting the transfer of credit business, etc. prescribed in Article 61, paragraph (2), item (iii) or a transfer of insured savings, the assumption of obligations in relation to a specified credit business transfer, etc. (meaning the transfer of credit business, etc. prescribed in that item or a transfer of insured savings and including any transfer of assets associated therewith; hereinafter the same applies in this Article) and transfer of the contractual status may be carried out without consent from creditors in relation to obligations to be assumed by an assuming agricultural or fishery cooperative through the relevant specified credit business transfer, etc. and the counterparty to the contract in relation to the contractual status which an assuming agricultural or fishery cooperative is to receive.

(2)The provisions of Article 466, paragraph (3) and Article 466-5, paragraph (1) of the Civil Code do not apply to the transfer of claims for which a manifestation of intention to restrict assignment (meaning the manifestation of intention to restrict assignment prescribed in Article 466, paragraph (2) of the same Code; the same applies in paragraphs (4) and (7)) pertaining to the specified credit business transfer, etc. pertaining to the decision in the event that the decision set forth in the preceding paragraph is made.

(3)The provisions of Articles 49 and 50 of the Agricultural Cooperatives Act as applied mutatis mutandis pursuant to Article 50-2 paragraph (4) of the Act, Article 53 and Article 54 of the Fishery Cooperatives Act as applied mutatis mutandis pursuant to Article 54-2, paragraph (6) of the Act (including cases as applied mutatis mutandis pursuant to Article 92, paragraph (3), Article 96, paragraph (3) and Article 100, paragraph (3) of the Act), Article 12 of the Restructuring and Enhancement Act as applied mutatis mutandis pursuant to Article 27 of the Restructuring and Enhancement Act and Article 50-2, paragraph (6) of the Financial Instruments and Exchange Act (Act No. 25 of 1948) do not apply to specified credit business transfer, etc. pertaining to the decision in the event that the decision set forth in paragraph (1) is made.

(4)Upon being executed the specified credit business transfer, etc. in relation to a decision made under paragraph (1), the agricultural or fishery cooperative in financial difficulties and the assuming agricultural or fishery cooperative must, within two weeks of the day of the relevant execution, publish a notice in the Official Gazette to the effect that the creditors should object within a specified period of time, for those that have objections to the outline of the details of the specified credit business transfer, etc. and such details, the counterparty to the contract pertaining to the contractual status and the debtors pertaining to the claim for which the manifestation of intention to restrict assignment has been expressed and give notice individually to each of the following persons that are known.

(5)The period under the preceding paragraph cannot be less than one month.

(6)Notwithstanding the provisions of paragraph (4), if an agricultural or fishery cooperative in financial difficulties and an assuming agricultural or fishery cooperative give public notice under the provisions of that paragraph by means of public notice specified in any of the following items as prescribed in the articles of incorporation, beyond the Official Gazette, the individual notice under the provisions of that paragraph is not required:

(7)In the event that a creditor in relation to obligations that are to be assumed by an assuming agricultural or fishery cooperative, the counterparty to the contract in relation to contractual status that is to be received by an assuming agricultural or fishery cooperative and the debtors in relation to claims for which the manifestation of intention to restrict assignment has been made by an assuming agricultural or fishery cooperative (hereinafter referred to as the "transferred creditors, etc." in this paragraph) through the specified credit business transfer, etc. in relation to a decision made under paragraph (1) state objections within the period under paragraph (4), the assumption of obligations in relation to the specified credit business transfer, etc. related to transferred creditors, etc., transfer of contractual status and transfer of claims for which the manifestation of intention to restrict assignment has been made (hereinafter referred to as the "assumption of obligations, etc." in this paragraph) will lose its effect retroactively as of the time of the relevant assumption of obligations, etc.; provided, however, that this does not prejudice the rights of a third party.

(8)In the event that creditors of an agricultural or fishery cooperative in financial difficulties (limited to creditors in relation to the obligations of the agricultural or fishery cooperative in financial difficulties other than those assumed by the assuming agricultural or fishery cooperative due to the specified credit business transfer, etc.) state objections within the period under paragraph (4), when any amount is owed to creditors with respect to their claims that can no longer be satisfied due to the specified credit business transfer, etc., creditors may claim the payment of the relevant amount from the assuming agricultural or fishery cooperative.

(9)In the event that creditors of an assuming agricultural or fishery cooperative (limited to creditors in relation to the obligations of the assuming agricultural or fishery cooperative other than those assumed by the assuming agricultural or fishery cooperative through a specified credit business transfer, etc.) state objections within the period under paragraph (4), the assuming agricultural or fishery cooperative must make payment or provide equivalent security to the creditors or entrust equivalent assets to a trust company or financial institutions that conducts trust business for the purpose of ensuring that the creditors receive the payment; provided, however, that this does not apply when the specified credit business transfer, etc. are unlikely to be detrimental to the creditors.

Article 115(1)Notwithstanding the provisions of Article 56, paragraph (1) and Article 57, paragraphs (1) (2) of the Trust Act (Act No. 108 of 2006) and Article 7 of the Act on Charitable Trusts (Act No. 62 of 1922), when there is a decision to provide financial assistance under Article 65, paragraph (1) to support the transfer of credit business of an agricultural or fishery cooperative in financial difficulties that conducts trust business under Article 1, paragraph (1) of the Act on Engagement in Trust Business by Financial Institutions to an agricultural or fishery cooperative that conducts trust business under Article 1, paragraph (1) of the same Act, the agricultural or fishery cooperative in financial difficulties may effect a change of trustees for trusts that have been assumed under a contract for the transfer of credit business with an assuming agricultural or fishery cooperative in relation to the financial assistance (hereinafter referred to as "new trustee" in this Article).

(2)If a change of trustee is effected under the preceding paragraph, the new trustee must immediately give public notice in the Official Gazette to the effect that any settlors of a trust subject to the change (hereinafter referred to as "transferred settlors" in this Article) or beneficiaries (hereinafter referred to as "transferred beneficiaries" in this Article) that have any objection thereto should state the objection within a specified period of time, and must also give notice of the same to all known transferred settlors and transferred beneficiaries individually other than transferred settlors and transferred beneficiaries in relation to loan trusts and other trusts specified by Cabinet Order as trust in relation to standard trust contracts (referred to as "standard trusts" in paragraph (5)).

(3)The period under the preceding paragraph must not be less than one month.

(4)Notwithstanding the provisions of paragraph (2), if the new trustee gives public notice under the provisions of that paragraph by means of public notice specified in any of the following items as prescribed in the articles of incorporation, beyond the Official Gazette, the individual notice under the provisions of that paragraph is not required:

(5)The transfer beneficiaries of loan trusts, etc. (meaning the standard trusts specified by Cabinet Order as those to which settlors are entitled to all profits derived therefrom) that have raised objections within the period under paragraph (2) may request that the new trustee purchase the beneficiary rights of the relevant transfer beneficiaries at a fair price to which they would have been entitled if the change prescribed in paragraph (1) had not occurred.

(6)If a request is made under the preceding paragraph, the new trustee must purchase beneficiary rights subject to the relevant request with the new trustee's own assets. In this case, Article 11 of the Loan Trust Act (Act No. 195 of 1952) does not apply.

(7)The provisions of Article 75, paragraph (1), Article 76 and Article 77 of the Trust Act apply mutatis mutandis to cases where the change prescribed in paragraph (1) is made, and the provisions of Article 103, paragraph (6) and (7), Article 104, paragraphs (1) through (11), Article 262, paragraph (1) and (2), Article 263, and Article 264 of the same Act apply mutatis mutandis to the purchase request of own beneficiary rights under paragraph (5). In this case, any necessary technical replacement of terms will be specified by Cabinet Order.

Article 116(1)The competent minister or a prefectural governor, when finding it necessary to ensure the smooth implementation of this Act, may require an agricultural or fishery cooperative to submit reports or materials with regard to the status of its business and assets.

(2)The competent minister or a prefectural governor, when and to the extent that they find it particularly necessary to ensure the smooth implementation of this Act, may require a subsidiary company of an agricultural or fishery cooperative (meaning a subsidiary company (including a company deemed to be a subsidiary company) prescribed in Article 11-2, paragraph (2) of the Agricultural Cooperatives Act in the case where the agricultural or fishery cooperative is an agricultural cooperative or a federation of agricultural cooperatives, in Article 11-8, paragraph (2) of the Fishery Cooperatives Act (including the cases as applied mutatis mutandis pursuant to Article 92, paragraph (1), Article 96, paragraph (1), and Article 100, paragraph (1) of the same Act) in the case where it is the fishery cooperative, a federation of fishery cooperatives, a fishery processing cooperative, or a federation of fishery processing cooperatives, and in Article 24, paragraph (4) of the Norinchukin Bank Act in the case where it is The Norinchukin Bank; the same applies in the following paragraph and following Article) or a person to that business has been entrusted by an agricultural or fishery cooperative to submit reports or materials as a reference with regard to the status of business and assets of the relevant agricultural or fishery cooperative.

(3)A subsidiary company of an agricultural or fishery cooperative or a person to that business has been entrusted by an agricultural or fishery cooperative, if there are justifiable grounds, may refuse to submit reports or materials under the provisions of the preceding paragraph.

Article 117(1)The competent minister or a prefectural governor, when finding it necessary to ensure the smooth implementation of this Act, may authorize their officials to enter an office or any other facilities of an agricultural or fishery cooperative and ask questions on the status of its business and assets or inspect books, documents, and other items.

(2)In the event that the competent minister or the prefectural governor deems it particularly necessary in the case of on-site inspection, questioning or inspection pursuant to the provisions of the preceding paragraph, they may, to the extent necessary, authorize their officials to enter the office of the subsidiary company of the agricultural or fishery cooperative or other facilities and to ask concerning particulars necessary for questions or the inspection to the agricultural or fishery cooperative or to inspect books, documents, and other items.

(3)In the case referred to in the preceding two paragraphs, the officials must carry identification and present it when requested to do so by the relevant persons.

(4)The authority under paragraphs (1) and (2) must not be construed as being granted for criminal investigation purposes.

(5)The provisions of paragraph (3) of the preceding Article apply mutatis mutandis to questions and inspections of a subsidiary company of an agricultural or fishery cooperative or a person that has been entrusted with the business by an agricultural or fishery cooperative pursuant to paragraph (2).

(6)The competent minister or the prefectural governor, when finding it necessary, may authorize the SIC to conduct the entry, questioning, or inspection (limited to those conducted to investigate the following particulars) under paragraph (1) or (2); in this case, the SIC is to authorize its officials to conduct the relevant entry, questioning, or inspection:

(7)The provisions of paragraphs (3) through (5) apply mutatis mutandis to the entry, questioning, or inspection under the preceding paragraph.

Article 118In the event that an agricultural or fishery cooperative has suspended or is likely to suspend the withdrawal of savings, etc., and the competent minister or a prefectural governor finds it particularly necessary for the proper and smooth implementation of SIC's business, they may order the agricultural or fishery cooperative to take necessary measures to deal with the situation.

Article 118-2(1)If a ruling for the commencement of bankruptcy proceedings is made with respect to an agricultural or fishery cooperative, the court clerk must notify the competent authority prescribed in Article 2, paragraph (4) of the Act on Special Provisions for Rehabilitation Proceedings of Agricultural and Fishery Cooperatives to that effect.

(2)In bankruptcy proceedings of an agricultural or fishery cooperative, when notice is given under Article 197, paragraph (1) of the Bankruptcy Act (including cases where it is applied mutatis mutandis pursuant to Article 209, paragraph (3) of the same Act) or Article 204, paragraph (2) of the Bankruptcy Act, or permission is granted under Article 208, paragraph (1) of the same Act, a bankruptcy trustee must notify the SIC to that effect.

Article 118-3(1)When giving the certification prescribed in Article 97, paragraph (1) or specified certification, the competent minister, following deliberation by the council, with regard to The Norinchukin Bank in relation to the relevant certification or specified certification, may make a decision that the clause providing for the specified cancellation, etc. of a contract (limiting to, with regard to The Norinchukin Bank which is a party to the contract or a person specified in the contract, those which agree that the specific cancellation, etc. will take effect based on the reason that a related measure, etc. has been taken and which pertains to transactions specified by order of the competent ministry among those associated with financial market or any other financial system in Japan) based on the reason that a related measure, etc. (meaning measures related to the relevant certification or specified certification, or designation of special monitoring or other relevant certification or specified certification; hereinafter the same applies in this paragraph) has been taken, to the extent necessary to avoid the risk of significant disruption to the Japanese financial system, does not become effective during the period specified by the competent minister (hereinafter referred to as the "period for implementing a measure" in this Article) as a period necessary for implementing necessary measures for avoiding the risk of severe disruption being caused to the financial system in Japan.

(2)The "specified cancellation, etc." set forth in the preceding paragraph means termination or cancellation of a contract, arising of a right to cancel a contract, forfeiture of the benefit of time with regard to claims in relation to a contract, the close-out netting prescribed in Article 2, paragraph (6) of the Act on Close-Out Netting of Specified Financial Transactions Conducted by Financial Institutions (Act No. 108 of 1998) with regard to transactions in relation to a contract, and other effects specified by order of the competent ministry as being equivalent thereto.

(3)A decision under paragraph (1) takes effect as of the time of the relevant decision.

(4)Upon making a decision under the provisions of paragraph (1), the competent minister must immediately give public notice of the fact and the period for implementing a measure in the Official Gazette, and notify the SIC and The Norinchukin Bank.

(5)During the period for implementing a measure, the provisions of Article 58 of the Bankruptcy Act as applied mutatis mutandis pursuant to Article 51 of the Civil Rehabilitation Act do not apply to the contract for which a decision under the provisions of paragraph (1) has been made.

(6)For the application of the provisions of Article 3 of the Act on Close-Out Netting of Specified Financial Transactions Conducted by Financial Institutions to a contract for which a decision under the provisions of paragraph (1) has been made, during the period for implementing a measure, close-out netting event prescribed in Article 2, paragraph (4) of the same Act are deemed to have not come into effect.

Article 118-4When a need for orderly resolution of assets and liabilities of The Norinchukin Bank arises and the competent minister finds that measures necessary for the smooth implementation thereof have not been taken, the minister may order The Norinchukin Bank to take the relevant measures to the extent necessary by a specified time.

Article 118-5The SIC is to give necessary instructions and advice to agricultural or fishery cooperative with respect to the implementation of measures for the enhancement of equity capital and ensuring the soundness of management of an agricultural or fishery cooperative specified by order of the competent ministry as those that are experiencing problems in ensuring the soundness of management.

Article 118-6The SIC, when there is a need to carry out its operations in international cooperation, must exchange information with foreign governments, foreign local public entities, foreign central banks, international organizations, and other bodies equivalent thereto, along with conducting other necessary operations.

Article 119(1)The competent ministers in this Act are the Minister of Agriculture, Forestry and Fisheries, the Minister of Finance, and the Prime Minister; provided, however, that the competent ministers set forth in Article 57, paragraphs (2) and (3), Section 4 of Chapter 3 (excluding Article 65, paragraph (4) , Article 65-2, paragraphs (2) and (3) (including cases where these provisions are applied mutatis mutandis to Article 69, paragraph (4))), Chapter 6, Chapter 7 (excluding Article 101, paragraph (2), Article 103, Article 106, Article 52, paragraph (5) as applied mutatis mutandis to Article 107, paragraph (3), Article 108 and Article 110, paragraph (1)), Chapter 7-2 (excluding Article 101, paragraph (2) as applied mutatis mutandis to Article 110-14, paragraph (5), Article 110-16, and Article 52, paragraph (5) as applied mutatis mutandis to Article 110-17, paragraph (3)), Article 116, paragraphs (1) and (2), Article 117, paragraphs (1), (2), and (6), Article 118, Article 118-3, paragraphs (1) and (4), and Article 118-4 are the Minister of Agriculture, Forestry and Fisheries and the Prime Minister.

(2)The Prime Minister delegates the authority (excluding those specified by Cabinet Order) under this Act to the Commissioner of the Financial Services Agency.

(3)The orders of the competent ministries in this Act are the Order of the Ministry of Agriculture, Forestry and Fisheries, the Order of the Ministry of Finance, and the Order of the Cabinet Office.

Article 120Beyond what is provided for in this Act, necessary particulars for the implementation of this Act are specified by Cabinet Order.

Article 121Duties that are to be processed by prefectures pursuant to the provisions of this Act are item (i) statutory entrusted functions prescribed in Article 2, paragraph (9), item (i) of the Local Autonomy Act (Act No. 67 of 1947).

Article 122When enacting, revising, or rescinding an order pursuant to this Act, necessary transitional measures (including transitional measures concerning penal provisions) may be provided for by that order, to the extent considered reasonably necessary for its enactment, revision, or discontinuation.

Article 123(1)Any administrator or administrator representative that has accepted, solicited, or promised to accept a bribe in connection with their duties is subject to imprisonment for not more than three years or a fine of up to one million yen.

(2)When any administrator or administrator representative is a corporation, any officer or staff member of the administrator or administrator representative who has accepted, solicited, or promised to accept a bribe in connection with their duties is subject to imprisonment for not more than three years or a fine of up to one million yen. The same applies when, in the event that any administrator or administrator representative is a corporation, any officer or staff thereof has caused the administrator or administrator representative to accept, solicit an offer of, or promise of a bribe in connection with the duties of any administrator or administrator representative.

(3)Any bribe accepted by an offender or administrator or administrator representative that has juridical personality will be confiscated. If it is not possible to confiscate the whole or part of the bribe, an equivalent value thereof will be collected.

Article 123-2(1)Any special monitoring agent that has accepted, solicited, or promised to accept a bribe in connection with their duties is subject to imprisonment for not more than three years or a fine of up to one million yen.

(2)If a special monitoring agent is a corporation, any officer or staff member of the special monitoring agent who has accepted, solicited, or promised to accept a bribe in connection with their duties is subject to imprisonment for not more than three years or a fine of up to one million yen. The same applies in the event that when a special monitoring agent is a corporation, any officer or staff thereof that has caused the special monitoring agent or SIC representative to accept or solicit an offer of or promise of a bribe in connection with the duties of the special monitoring agent.

(3)Any bribe accepted by an offender or special monitoring agent that is a corporation will be confiscated. If it is not possible to confiscate the whole or part of the bribe, an equivalent value thereof will be collected.

Article 124Any person that has given, or offered or promised to give the bribe prescribed in Article 123, paragraph (1) or (2) or paragraph (1) or (2) of the preceding Article is subject to imprisonment for not more than three years or a fine of up to one million yen.

Article 124-2In the case that falls under any of the following items, the person that has committed the relevant violation is subject to imprisonment for not more than one year or a fine of up to three million yen, or both:

Article 125(1)Any person that has failed to submit reports or materials under Article 116, paragraph (1) or (2) or submitted false reports or materials is subject to an imprisonment for not more than one year or a fine of up to three million yen.

(2)The provisions of the preceding paragraph apply to any person who has refused to answer questions or has given false answers to the officials or staff of the SIC under Article 117, paragraph (1), (2), or (6) or has refused, obstructed, or avoided any inspection under these provisions.

Article 126Any person who has violated the provisions of Article 22 (including cases where it is applied mutatis mutandis pursuant to Article 33) or Article 90 (including cases where it is applied mutatis mutandis pursuant to Articles 110-11) is subject to imprisonment for not more than one year or a fine of not more than five hundred thousand yen.

Article 127When any director of an agricultural or fishery cooperative under management (including business management committee members of an agricultural cooperative, federation of agricultural cooperatives, fishery cooperative, federation of fishery cooperatives, and The Norinchukin Bank; the same apply in Article 132 paragraphs (1) and (2)), inspector (in the case where an agricultural or fishery cooperative under management is a cooperative with an accounting auditor or The Norinchukin Bank, the inspector or accounting auditor or the member who is to perform the duties of the accounting auditor), or counselor or any other employee or those who were any of these of the cooperative under management has failed to submit reports or submitted false reports under Article 89, paragraph (1) or refused, obstructed, or avoided any inspection under the Article 89, paragraph (1), the person is subject to imprisonment for not more than one year or a fine of not more than five hundred thousand yen.

Article 128In any of the following cases, the person that has committed the violation is punished by a fine of not more than 500,000 yen:

Article 129(1)In any of the following cases, the SIC or a trusted officer or staff who has committed the violation is punished by a fine of not more than 500,000 yen:

(2)Any officer of the SIC who has made a decision pursuant to the provisions of Article 65, paragraph (1), Article 69, paragraph (1) or Article 69-3, paragraph (1) (including the cases as applied mutatis mutandis in Article 111 and Article 112) without obtaining the authorization of the competent minister as prescribed in Article 65, paragraph (4) (including the cases as applied mutatis mutandis pursuant to Article 69, paragraph (4) and Article 69-3, paragraph (2) (including the cases as applied mutatis mutandis in Article 111 and Article 112)) is punished by a fine of not more than 500,000 yen.

Article 130In any of the following cases, the person that has committed the violation is punished by a fine of not more than 300,000 yen;

Article 131(1)If a representative (including an administrator of an association, etc. without legal personality) of a corporation (including an association or foundation which is not a corporation but for which a representative or an administrator has been designated (hereinafter referred to as an "association, etc. without legal personality" in this Article); hereinafter the same applies in this paragraph) or an agent, employee, or other worker of a corporation or individual has committed any violation specified in each of the following items with regard to the business or assets of the corporation or individual, not only the offender is punished, but the relevant corporation is also subject to the fine set forth in each respective item and the relevant individual is subject to the fine prescribed in the respective Articles:

(2)In the event that the provisions of the preceding paragraph apply to an association, etc. without legal personality, its representative or administrator represents the association, etc. without legal personality in its procedural act, and the provisions of laws concerning criminal proceedings in the cases where a corporation is accused or suspected will be applied.

Article 131-2(1)The crimes set forth in Article 123 or Article 123-2 apply to any person that has committed these crimes outside Japan.

(2)The crimes set forth in Article 124 (limited to the part in relation to Article 123, paragraph (1) or (2)) is governed by Article 2 of the Penal Code.

Article 132(1)Any director of an agricultural or fishery cooperative who has committed any of the following violations is subject to a civil fine of not more than one million yen; provided, however, that this does not apply when the act is made subject to a criminal punishment:

(2)If an administrator fails to transfer their duties to a director or liquidator of an agricultural or fishery cooperative under management despite the rescission of an order to manage under the provisions of Article 84, paragraph (1), the person is subject to a civil fine of not more than one million yen; provided, however, that this does not apply when a criminal punishment should be imposed for the act in question.

(3)An administrator of the agricultural or fishery cooperative specified in following items is subject to a civil fine of not more than one million yen if they fall under any of the provisions prescribed in each respective item; provided, however, that this does not apply when a criminal punishment should be imposed for the act in question:

(4)The administrator of an agricultural cooperative or a federation of agricultural cooperatives which is an agricultural or fishery cooperative is punished by a civil fine of not more than 500,000 yen if the person falls under any of the items of Article 101, paragraph (1) of the Agricultural Cooperatives Act; provided, however, that this does not apply when a criminal punishment should be imposed for the act in question.

(5)The administrator of a fishery cooperative, a federation of fishery cooperatives, fishery processing cooperative, or a federation of fishery processing cooperatives which is an agricultural or fishery cooperative is punished by a civil fine of not more than 500,000 yen in the event that the person falls under any of the items of paragraph (1) of Article 130 of the Fishery Cooperatives Act; provided, however, that this does not apply when a criminal punishment should be imposed for the act in question.

Article 133In cases falling under any of the following items, the officer of corporation who has committed the violation is punished by a civil fine of not more than 200,000 yen:

Article 134Any person who has violated the provisions of Article 6, paragraph (2) or any officer of an agricultural or fishery cooperative who has failed to comply with an order pursuant to the provisions of Article 118 is punished by a civil fine of not more than 200,000 yen.