ja-jp	３　会社法第三百十四条から第三百十七条まで（取締役等の説明義務、議長の権限、株主総会に提出された資料等の調査、延期又は続行の決議）、第三百十八条第一項から第四項まで（議事録）、第三百二十五条の二（第四号を除く。）（電子提供措置をとる旨の定款の定め）及び第三百二十五条の三から第三百二十五条の六まで（電子提供措置、株主総会の招集の通知等の特則、書面交付請求、電子提供措置の中断）の規定は、特定目的会社の社員総会について準用する。この場合において、これらの規定（同法第三百二十五条の二を除く。）中「株主」とあるのは「社員」と、これらの規定中「株主総会参考書類等」とあるのは「社員総会参考書類等」と、「株主総会参考書類」とあるのは「社員総会参考書類」と、同法第三百十六条第二項中「第二百九十七条」とあるのは「資産流動化法第五十三条」と、同法第三百十七条中「第二百九十八条及び第二百九十九条」とあるのは「資産流動化法第五十四条から第五十六条まで（第五十五条第五項を除く。）」と、同法第三百二十五条の二中「株主（種類株主総会を招集する場合にあっては、ある種類の株主に限る。）」とあるのは「社員」と、同条第三号中「第四百三十七条の計算書類及び事業報告」とあるのは「資産流動化法第百三条第一項（同条第二項において準用する場合を含む。）の計算書類、事業報告及び利益処分案並びに監査報告及び会計監査報告」と、同法第三百二十五条の三第一項中「第二百九十九条第二項各号に掲げる場合」とあるのは「資産流動化法第五十五条第二項に規定する場合又は有議決権事項（資産流動化法第五十一条第一項第四号に規定する有議決権事項をいう。第二号において同じ。）を会議の目的に含む社員総会の場合」と、「同条第一項」とあるのは「資産流動化法第五十五条第一項又は第五十六条第一項」と、同項第一号中「第二百九十八条第一項各号」とあるのは「資産流動化法第五十四条第一項各号」と、同項第二号中「第三百一条第一項に規定する場合」とあるのは「資産流動化法第五十四条第一項第三号に掲げる事項を定めた場合又は有議決権事項を会議の目的に含む社員総会の場合」と、同項第三号中「第三百二条第一項に規定する場合」とあるのは「資産流動化法第五十四条第一項第四号に掲げる事項を定めた場合」と、同項第四号中「第三百五条第一項」とあるのは「資産流動化法第五十七条第三項」と、同項第五号中「取締役会設置会社である場合」とあるのは「会計監査人設置会社でない場合」と、「定時株主総会」とあるのは「定時社員総会」と、「第四百三十七条の計算書類及び事業報告」とあるのは「資産流動化法第百三条第二項において準用する同条第一項の計算書類、事業報告、利益処分案及び監査報告」と、同項第六号中「会計監査人設置会社（取締役会設置会社に限る。）」とあるのは「会計監査人設置会社」と、「定時株主総会」とあるのは「定時社員総会」と、「第四百四十四条第六項の連結計算書類」とあるのは「資産流動化法第百三条第一項の計算書類、事業報告及び利益処分案並びに監査報告及び会計監査報告」と、同条第二項中「第二百九十九条第一項」とあるのは「資産流動化法第五十五条第一項又は第五十六条第一項」と、同条第三項中「第二十四条第一項の規定によりその発行する株式」とあるのは「第二十四条第五項において準用する同条第一項の規定によりその発行する優先出資」と、「定時株主総会」とあるのは「定時社員総会」と、同法第三百二十五条の四第一項中「第二百九十九条第一項」とあるのは「資産流動化法第五十五条第一項」と、「ときを除き、公開会社でない株式会社」とあるのは「場合以外の場合」と、「当該株式会社が取締役会設置会社以外の株式会社である場合において、これを」とあるのは「これを」と、同条第二項中「第二百九十九条第四項」とあるのは「資産流動化法第五十五条第四項及び第五十六条第二項」と、「第二百九十九条第二項又は第三項」とあるのは「資産流動化法第五十五条第二項若しくは第三項（資産流動化法第五十六条第三項において準用する場合を含む。）又は第五十六条第一項」と、「第二百九十八条第一項第五号」とあるのは「資産流動化法第五十四条第一項第五号」と、同条第三項中「第三百一条第一項、第三百二条第一項、第四百三十七条及び第四百四十四条第六項」とあるのは「資産流動化法第五十五条第六項及び第五十六条第三項においてそれぞれ準用する第三百一条第一項及び第三百二条第一項並びに資産流動化法第百三条」と、「第二百九十九条第一項」とあるのは「資産流動化法第五十五条第一項又は第五十六条第一項」と、同条第四項中「第三百五条第一項」とあるのは「資産流動化法第五十七条第三項」と、「第三百二十五条の二」とあるのは「第六十五条第三項において準用する会社法第三百二十五条の二」と、同法第三百二十五条の五第一項中「第二百九十九条第三項（第三百二十五条」とあるのは「資産流動化法第五十五条第三項（資産流動化法第五十六条第三項」と、「第三百二十五条の三第一項各号（第三百二十五条の七において準用する場合を含む。）」とあるのは「第三百二十五条の三第一項各号」と、同条第二項中「第二百九十九条第一項」とあるのは「資産流動化法第五十五条第一項又は第五十六条第一項」と、「第百二十四条第一項」とあるのは「資産流動化法第二十八条第二項及び第四十三条第二項」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。
en-us	(3) The provisions of Articles 314 through 317 (Accountability of Directors; Authority of Chairperson; Investigation of Material Submitted to the Shareholders Meeting; Resolution for Postponement or Adjournment), Article 318, paragraphs (1) through (4) (Minutes), Article 325-2 (Provisions in the Articles of Incorporation to the Effect that Measures for Electronic Provision Will be Taken) (excluding item (iv)), and Articles 325-2 through 325-6 (Measures for Electronic Provision, Special Provisions on Notice of Convocation of a Shareholders Meeting, Request for Delivery of Documents, Interruption of Measures for Electronic Provision) of the Companies Act apply mutatis mutandis to a specified purpose company's general meetings of members. In such a case, the term "shareholder" in these provisions (excluding Article 325-2 of that Act) is deemed to be replaced with "member"; the term "reference documents for shareholders meeting" in these provisions are deemed to be replaced with "reference documents for general member representative meeting"; the term "Article 297" in Article 316, paragraph (2) of that Act is deemed to be replaced with "Article 53 of the Asset Securitization Act"; the term "Article 298 and Article 299" in Article 317 of the Companies Act is deemed to be replaced with "Articles 54 through Article 56 (other than Article 55, paragraph (5)) of the Asset Securitization Act"; the phrase "shareholders (if the general meeting of class shareholders is convened, limited to shareholders of shares of a class)" in Article 325-2 of that Act is deemed to be replaced with "members"; the phrase "financial statements and business reports provided in Article 437" in item (iii) of that Article is deemed to be replaced with "financial statements, business report, and the the profit appropriation proposal, as well as the audit report and the financial audit report provided in Article 103, paragraph (1) of the Asset Securitization Act (including as applied mutatis mutandis pursuant to paragraph (2) of that Article)"; the phrase "In the cases set forth in each item of Article 299, paragraph (2)" in Article 325-3, paragraph (1) of that Act is deemed to be replaced with "In the cases set forth in Article 55, paragraph (2) of the Asset Securitization Act on in the case of a general meeting of members that includes a matter subject to inclusive voting (meaning the matter subject to inclusive voting as provided in Article 51, paragraph (1), item (iv) of the Asset Securitization Act; the same applies in item (ii)) as the subject of the meeting"; the term "paragraph (1) of that Article" in that paragraph is deemed to be replaced with "Article 55, paragraph (1) or Article 56, paragraph (1) of the Asset Securitization Act"; the term "items of paragraph (1) of Article 298" in item (i) of that paragraph is deemed to be replaced with "items of Article 54, paragraph (1) of the Asset Securitization Act"; the term "in the cases provided in Article 301, paragraph (1)" in item (ii) of that paragraph is deemed to be replaced with "in the case where the matters provided in Article 54, paragraph (1), item (iii) of the Asset Securitization Act are provided or in the case of a a general meeting of members that includes a matter subject to inclusive voting"; the term "in the cases provided in Article 301, paragraph (1)" in item (iii) of that paragraph is deemed to be replaced with "in the case where the matters provided in Article 54, paragraph (1), item (iv) of the Asset Securitization Act are provided"; the term "Article 305, paragraph (1)" in item (iv) of that paragraph is deemed to be replaced with "Article 57, paragraph (3) of the Asset Securitization Act"; the term "is a company with board of directors" in item (v) of that paragraph is deemed to be replaced with "is not a company with financial auditor"; the term "annual shareholders meeting" in that item is deemed to be replaced with "general meeting of members"; the term "financial statements and business reports provided in Article 437" in that item is deemed to be replaced with "financial statements, business report, and the the profit appropriation proposal, as well as the financial audit report provided in Article 103, paragraph (1) of the Asset Securitization Act as applied mutatis mutandis pursuant to paragraph (2) of that Article"; the term "a company with financial auditor (limited to a company with board of directors)" in item (vi) of that paragraph is deemed to be replaced with "a company with financial auditor"; the term "annual shareholders meeting" in that item is deemed to be replaced with "general meeting of members"; the term "consolidated financial statements provided in Article 444, paragraph (6)" in that item is deemed to be replaced with "financial statements, business report, and the the profit appropriation proposal, as well as the audit report and financial audit report provided in Article 103, paragraph (1) of the Asset Securitization Act"; the term "Article 299, paragraph (1)" in paragraph (2) of that Article is deemed to be replaced with "Article 55, paragraph (1) or Article 56, paragraph (1) of the Asset Securitization Act"; the phrase "shares that the company issues pursuant to the provisions of Article 24, paragraph (1) of the Financial Instruments and Exchange Act" in paragraph (3) of that Article is deemed to be replaced with "preferred equity that the company issues pursuant to Article 24, paragraph (1) of the Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to paragraph (5) of that Article"; the term "annual shareholders meeting" in that paragraph is deemed to be replaced with "general meeting of members"; the term "Article 299, paragraph (1)" in Article 325-4, paragraph (1) of that Act is deemed to be replaced with "Article 55, paragraph (1) of the Asset Securitization Act"; the phrase "if the stock company is not a public company" in that paragraph is deemed to be deleted; the phrase "if the stock company is a stock company other than the company with board of directors" in that paragraph is deemed to be deleted; the term "Article 299, paragraph (4)" in paragraph (2) of that Article is deemed to be replaced with "Article 55, paragraph (4) or Article 56, paragraph (2) of the Asset Securitization Act"; the term "Article 299, paragraph (2) or (3)" in that paragraph is deemed to be replaced with "Article 55, paragraph (2) or (3) (including as applied mutatis mutandis pursuant to Article 56, paragraph (3) of the Asset Securitization Act) or Article 56, paragraph (1) of the Asset Securitization Act"; the term "Article 298, paragraph (1), item (v)" in that paragraph is deemed to be replaced with "Article 54, paragraph (1), item (v) of the Asset Securitization Act"; the term "Article 301, paragraph (1), Article 302, paragraph (1), Article 437, and Article 444, paragraph (6)" in paragraph (3) of that Article is deemed to be replaced with "Article 301, paragraph (1), Article 302, paragraph (1) as applied mutatis mutandis pursuant to Article 55, paragraph (6) and Article 56, paragraph (3) of the Asset Securitization Act, and Article 103 of the Asset Securitization Act"; the term "Article 299, paragraph (1)" in that paragraph is deemed to be replaced with "Article 55, paragraph (1) or Article 56, paragraph (1) of the Asset Securitization Act"; the term "Article 305, paragraph (1)" in paragraph (4) of that Article is deemed to be replaced with "Article 57, paragraph (3) of the Asset Securitization Act"; the term "Article 325-2" in that paragraph is deemed to be replaced with "Article 325-2 of the Companies Act as applied mutatis mutandis pursuant to Article 65, paragraph (3)"; the term "(Article 299, paragraph (3) (including cases where applied mutatis mutandis under Article 325))" in Article 325-5, paragraph (1) of that Act is deemed to be replaced with "(Article 55, paragraph (3) of the Asset Securitization Act (including cases where applied mutatis mutandis under Article 56, paragraph (3) of the Asset Securitization Act))"; the phrase "each item of Article 325-3, paragraph (1) (including cases where applied mutatis mutandis under Article 325-7 (hereinafter referred to in this Article as "electronic provision measures matters"))" in that paragraph is deemed to be replaced with "each item of Article 325-3, paragraph (1) (hereinafter referred to in this Article as "electronic provision measures matters")"; the term "Article 299, paragraph (1)" in paragraph (2) of that Article is deemed to be replaced with "Article 55, paragraph (1) or Article 56, paragraph (1) of the Asset Securitization Act"; the term "Article 124, paragraph (1)" in that paragraph is deemed to be replaced with "Article 28, paragraph (2) or Article 43, paragraph (2) of the Asset Securitization Act; and Cabinet Order provides for any other necessary technical replacement of terms.

ja-jp	４　会社法第八百三十条（株主総会等の決議の不存在又は無効の確認の訴え）、第八百三十一条（株主総会等の決議の取消しの訴え）、第八百三十四条（第十六号及び第十七号に係る部分に限る。）（被告）、第八百三十五条第一項（訴えの管轄及び移送）、第八百三十六条第一項及び第三項（担保提供命令）、第八百三十七条（弁論等の必要的併合）、第八百三十八条（認容判決の効力が及ぶ者の範囲）、第八百四十六条（原告が敗訴した場合の損害賠償責任）並びに第九百三十七条第一項（第一号トに係る部分に限る。）（裁判による登記の嘱託）の規定は、特定目的会社の社員総会の決議の不存在若しくは無効の確認又は取消しの訴えについて準用する。この場合において、同法第八百三十一条第一項中「株主等（当該各号の株主総会が創立総会又は種類創立総会である場合にあっては、株主等、設立時株主、設立時取締役又は設立時監査役）」とあるのは「社員、取締役、監査役又は清算人」と、「株主（当該決議が創立総会の決議である場合にあっては、設立時株主）又は取締役（監査等委員会設置会社にあっては、監査等委員である取締役又はそれ以外の取締役。以下この項において同じ。）、監査役若しくは清算人（当該決議が株主総会又は種類株主総会の決議である場合にあっては第三百四十六条第一項（第四百七十九条第四項において準用する場合を含む。）の規定により取締役、監査役又は清算人としての権利義務を有する者を含み、当該決議が創立総会又は種類創立総会の決議である場合にあっては設立時取締役（設立しようとする株式会社が監査等委員会設置会社である場合にあっては、設立時監査等委員である設立時取締役又はそれ以外の設立時取締役）又は設立時監査役を含む。）」とあるのは「社員又は取締役、監査役若しくは清算人（資産流動化法第七十六条第一項（資産流動化法第百六十八条第五項において準用する場合を含む。）の規定により取締役、監査役又は清算人としての権利義務を有する者を含む。）」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。
en-us	(4) The provisions of Article 830 (Action for Declaratory Judgment of Non-existence or Invalidation of a Resolution of a Shareholders Meeting); Article 831 (Action Seeking Revocation of a Resolution of a Shareholders Meeting); Article 834 (but only the part that involves item (xvi) and item (xvii)) (Defendant); Article 835, paragraph (1) (Jurisdiction over and Transfer of an Action); Article 836, paragraphs (1) and (3) (Order to Provide Security); Article 837 (Mandatory Consolidation of Oral Arguments); Article 838 (Persons Affected by an Upholding Judgment); Article 846 (Liability for Damage in Cases Where the Plaintiff is Defeated); and Article 937 (1) (but only the part that involves item (i), sub-item (g), 2.) (Commissioning of Registration by a Judicial Decision) of the Companies Act apply mutatis mutandis to an action seeking a declaratory judgment establishing the non-existence or invalidity of a resolution at a general meeting of members of a specified purpose company or an action to rescind the resolution. In such a case, the phrases "a shareholder, etc. (or, in cases where the shareholders meeting, etc., referred to respectively in each such items is an organizational meeting or a class organizational meeting, a shareholder, etc., a shareholder at incorporation, a director at incorporation or a company auditor at incorporation" and "a shareholder (or, in cases where the resolution is the resolution of an organizational meeting, shareholders at incorporation) or director (or, in cases of a company with a supervisory committee, directors who are supervisory committee members or other directors; hereinafter the same applies in this paragraph), company auditor or liquidator (or, in cases where such resolution is a resolution of shareholders meeting or a class meeting, it includes a person who has the rights and obligations of a director, company auditor or liquidator pursuant to the provisions of Article 346, paragraph (1) (including as applied mutatis mutandis pursuant to Article 479, paragraph (4)), and in cases where such resolution is a resolution of an organizational meeting or organizational meeting of class shareholders, a director at incorporation (in cases where a stock company to be incorporated is a company with a supervisory committee, directors at incorporation who are supervisory committee members at incorporation or other directors at incorporation) or a company auditor at incorporation)" in Article 831, paragraph (1) of the Companies Act are deemed to be replaced with "members, directors, company auditors, or liquidators" and "member, director, company auditor, or liquidator (or a person holding the rights and obligations of a director, company auditor, or liquidator pursuant to the provisions of Article 76, paragraphs (1) of the Asset Securitization Act (including as applied mutatis mutandis pursuant to Article 168, paragraph (5) of the Asset Securitization Act))", respectively; and Cabinet Order provides for any other necessary technical replacement of terms.

ja-jp	（優先出資社員の議決権）
en-us	(Voting Rights of Preferred Equity Members)

ja-jp	第六十六条　第二種特定目的会社が定款の変更をする場合において、優先出資社員に損害を及ぼすおそれがあるときは、当該定款の変更は、第百五十条の規定による決議のほか、当該優先出資社員を構成員とする総会（当該定款の変更が損害を及ぼすおそれのある優先出資社員に係る優先出資の種類が二以上ある場合には、当該二以上の種類別に区分された優先出資に係る優先出資社員を構成員とする各総会）の承認がなければ、その効力を生じない。ただし、当該総会において議決権を行使することができる優先出資社員が存しない場合には、この限りでない。
en-us	Article 66 (1) If a Type II Specified Purpose Company amends its articles of incorporation and this is likely to cause detriment to preferred equity members, in addition to requiring a resolution under the provisions of Article 150, the amendment of the articles of incorporation does not become effective unless approved at a general meeting of those preferred equity members (or, if there are two or more classes of preferred equity held by preferred equity members that the amendment of the articles of incorporation is likely to cause detriment, at each separate general meeting whose constituent members are preferred equity members that hold one of those two or more classes of preferred equity); provided, however, that this does not apply if there are no preferred equity members that may exercise voting rights at the general meeting.

ja-jp	２　前項の規定による承認の決議は、同項の定款の変更が損害を及ぼすおそれのある優先出資社員に係る発行済優先出資の総口数（当該決議が二以上の種類別に区分された優先出資に係る優先出資社員を構成員とする各総会において行われる場合には、当該種類別の各総会の構成員たる優先出資社員に係る発行済優先出資の口数）の過半数に当たる優先出資を有する優先出資社員が出席し、かつ、その議決権の三分の二以上に当たる多数をもって行わなければならない。この場合においては、当該決議の要件に加えて、一定の数以上の優先出資社員の賛成を要する旨その他の要件を定款で定めることを妨げない。
en-us	(2) The resolution for approval under the preceding paragraph must be adopted by at least a two-thirds majority vote of preferred equity members attending the meeting, with the preferred equity members in attendance holding a majority of the total number of units of issued preferred equity held by the preferred equity members that the amendment of the articles of incorporation referred to in that paragraph is likely to cause detriment (or, if resolutions are to be made at each separate general meeting whose constituent members are preferred equity members that hold one of two or more classes of preferred equity, the total number of units of issued preferred equity held by the preferred equity members that are the constituent members of the general meeting for each of those classes). In such a case, in addition to these requirements for a resolution, the specified purpose company is not precluded from providing in the articles of incorporation that votes in favor are required from at least a certain number of preferred equity members or from providing for any other requirements.

ja-jp	３　有議決権事項を会議の目的とする社員総会に関する規定は、第一項の総会について準用する。
en-us	(3) The provisions on general meetings of members that have matters subject to inclusive voting as the subject apply mutatis mutandis to a general meeting referred to in paragraph (1).

ja-jp	４　第一項に規定する定款の変更に関する議案の要領は、同項の総会の招集の通知に記載し、又は記録しなければならない。
en-us	(4) An outline of the proposal for amendment to the articles of incorporation prescribed in paragraph (1) must be entered or recorded in the notice of convocation of the general meeting referred to in that paragraph.

ja-jp	第二款　社員総会以外の機関の設置
en-us	Subsection 2 Establishment of Administrative Organs Other Than General Meetings of Members

ja-jp	第六十七条　特定目的会社には、次に掲げる機関を置かなければならない。ただし、第三号に掲げる機関については、資産対応証券として特定社債のみを発行する特定目的会社であって、資産流動化計画に定められた特定社債の発行総額と特定借入れの総額との合計額が政令で定める額に満たないものにあっては、この限りでない。
en-us	Article 67 (1) A specified purpose company must have the following administrative organs; provided, however, that this does not apply to the administrative organ set forth in item (iii) if it is a specified purpose company that issues only specified bonds as asset-backed securities and the sum of the total amount of issuance of specified bond and the total amount of specified borrowings is less than the amount specified by Cabinet Order:

ja-jp	一　一人又は二人以上の取締役
en-us	(i) one or multiple directors;

ja-jp	二　一人又は二人以上の監査役
en-us	(ii) one or multiple company auditors; and

ja-jp	三　会計監査人
en-us	(iii) an accounting auditor.

ja-jp	２　特定目的会社は、定款の定めによって、会計参与を置くことができる。
en-us	(2) A specified purpose company may employ an accounting advisor pursuant to the provisions of the articles of incorporation.

ja-jp	３　第一項ただし書の規定は、定款をもって、同項ただし書に規定する特定目的会社が会計監査人を置くことを妨げるものと解してはならない。
en-us	(3) The provisions of the proviso to paragraph (1) must not be construed as precluding the specified purpose company referred to in the proviso to that paragraph from having accounting auditors.

ja-jp	第三款　役員及び会計監査人の選任及び解任
en-us	Subsection 3 Appointment and Dismissal of Officers and Accounting Auditors

ja-jp	第六十八条　役員（取締役、会計参与及び監査役をいう。以下この款（第七十条第一項第七号から第十号まで（第七十二条第二項において準用する場合を含む。）を除く。）において同じ。）及び会計監査人は、社員総会の決議によって選任する。
en-us	Article 68 (1) Officers (meaning directors, accounting advisors, and company auditors; hereinafter the same applies in this Subsection (other than in Article 70, paragraph (1), items (vii) through (x) (including as applied mutatis mutandis pursuant to Article 72, paragraph (2)))) and accounting auditors are appointed by resolution at a general meeting of members.

ja-jp	２　会社法第三百二十九条第三項（選任）の規定は、前項の決議について準用する。
en-us	(2) The provisions of Article 329, paragraph (3) (Election) of the Companies Act apply mutatis mutandis to the resolution referred to in the preceding paragraph.

ja-jp	（特定目的会社と役員等との関係）
en-us	(Relationship between Specified Purpose Companies and Officers)

ja-jp	第六十九条　特定目的会社と役員及び会計監査人との関係は、委任に関する規定に従う。
en-us	Article 69 The relationship between a specified purpose company and its officers and accounting auditors is governed by the provisions on mandates.

ja-jp	（取締役の資格）
en-us	(Qualification of Directors)

ja-jp	第七十条　次に掲げる者は、取締役となることができない。
en-us	Article 70 (1) The following persons may not become a director:

ja-jp	一　法人
en-us	(i) a corporation;

ja-jp	二　心身の故障のため職務を適正に執行することができない者として内閣府令で定めるもの
en-us	(ii) a person who is specified by Cabinet Office Order as a person unable to properly execute duties due to a mental or physical disorder;

ja-jp	三　破産手続開始の決定を受けて復権を得ない者又は外国の法令上これと同様に取り扱われている者
en-us	(iii) a person subject to an order commencing bankruptcy proceedings and who has not been released from bankruptcy restrictions or a person treated in the same manner pursuant to a foreign law or regulation;

ja-jp	四　拘禁刑以上の刑（これに相当する外国の法令による刑を含む。）に処せられ、その刑の執行を終わり、又はその刑の執行を受けることがなくなった日から三年を経過しない者
en-us	(iv) a person sentenced to imprisonment or a heavier punishment (or to an equivalent punishment pursuant to a foreign law or regulation), and three years have not elapsed since the date on which the person finished serving the sentence or ceased to be subject to the sentence;

ja-jp	五　この法律、金融商品取引法、会社法、一般社団法人及び一般財団法人に関する法律（平成十八年法律第四十八号）、投資信託及び投資法人に関する法律（昭和二十六年法律第百九十八号）、宅地建物取引業法（昭和二十七年法律第百七十六号）、出資の受入れ、預り金及び金利等の取締りに関する法律（昭和二十九年法律第百九十五号）、割賦販売法（昭和三十六年法律第百五十九号）、貸金業法（昭和五十八年法律第三十二号）、預託等取引に関する法律（昭和六十一年法律第六十二号）、商品投資に係る事業の規制に関する法律（平成三年法律第六十六号）、不動産特定共同事業法（平成六年法律第七十七号）、金融業者の貸付業務のための社債の発行等に関する法律（平成十一年法律第三十二号）、金融サービスの提供及び利用環境の整備等に関する法律（平成十二年法律第百一号）、信託業法、信託法若しくはこれらに相当する外国の法令の規定に違反し、又は民事再生法（平成十一年法律第二百二十五号）第二百五十五条、第二百五十六条、第二百五十八条から第二百六十条まで若しくは第二百六十二条の罪、外国倒産処理手続の承認援助に関する法律（平成十二年法律第百二十九号）第六十五条、第六十六条、第六十八条若しくは第六十九条の罪、破産法（平成十六年法律第七十五号）第二百六十五条、第二百六十六条、第二百六十八条から第二百七十二条まで若しくは第二百七十四条の罪、刑法（明治四十年法律第四十五号）第二百四条、第二百六条、第二百八条、第二百八条の二、第二百二十二条若しくは第二百四十七条の罪、暴力行為等処罰に関する法律（大正十五年法律第六十号）の罪若しくは暴力団員による不当な行為の防止等に関する法律（平成三年法律第七十七号）第四十六条から第四十九条まで、第五十条（第一号に係る部分に限る。）若しくは第五十一条の罪を犯し、罰金の刑（これに相当する外国の法令による刑を含む。）に処せられ、その刑の執行を終わり、又はその刑の執行を受けることがなくなった日から三年を経過しない者
en-us	(v) a person sentenced to a fine (or to an equivalent punishment pursuant to a foreign law or regulation) for violating the provisions of this Act; the Financial Instruments and Exchange Act, the Companies Act, the Act on General Incorporated Associations and General Incorporated Foundations (Act No. 48 of 2006), the Act on Investment Trusts and Investment Corporations (Act No. 198 of 1951), the Real Estate Business Act (Act No. 176 of 1952), the Act Regulating the Receipt of Contributions, Receipt of Deposits, and Interest Rates (Act No. 195 of 1954), the Installment Sales Act (Act No. 159 of 1961), the Money Lending Business Act (Act No. 32 of 1983), the Act on Deposit Transactions (Act No. 62 of 1986), the Act on Regulation of Commodity Investment (Act No. 66 of 1991), the Act on Specified Joint Real Estate Ventures (Act No. 77 of 1994), the Act on Issuance of Bonds for Financial Corporations' Lending Business (Act No. 32 of 1999), Act on Provision of Financial Services and the Development of the Accessible Environment Thereto (Act No. 101 of 2000), the Trust Business Act, or a foreign law or regulation equivalent to these Acts; or for having committed a crime prescribed in Article 255, Article 256, Articles 258 through 260, or Article 262 of the Civil Rehabilitation Act (Act No. 225 of 1999); Article 65, Article 66, Article 68, or Article 69 of the Act on Recognition of and Assistance for Foreign Insolvency Proceedings (Act No. 129 of 2000); Article 265, Article 266, Articles 268 through 272, or Article 274 of the Bankruptcy Act (Act No. 75 of 2004); Article 204, Article 206, Article 208, Article 208-2, Article 222, or Article 247 of the Penal Code (Act No. 45 of 1907); the Act on Punishment of Physical Violence and Others (Act No. 60 of 1926); or Articles 46 through 49, Article 50 (but only the part that involves item (i)) or Article 51 of the Act on Prevention of Unjust Acts by Organized Crime Group Members (Act No. 77 of 1991), and three years have not elapsed since the date on which the person finished serving the sentence or ceased to be subject to the sentence;

ja-jp	六　第二百二十条の規定による解散命令により解散を命ぜられた特定目的会社においてその解散命令の前三十日以内にその役員又は政令で定める使用人であった者で、当該解散命令の日から三年を経過しない者
en-us	(vi) a person that, within thirty days prior to a dissolution order under Article 220, was the officer, or an employee as specified by Cabinet Order, of a specified purpose company ordered to dissolve pursuant to the dissolution order, and three years have not passed since the date of the dissolution order;

ja-jp	七　資産流動化計画に定められた特定資産の譲渡人（当該譲渡人が法人であるときは、その役員）
en-us	(vii) the transferor of specified assets referred to in the asset securitization plan (or, if the transferor is a corporation, its officer);

ja-jp	八　資産流動化計画に定められた特定資産（信託の受益権を除く。）の管理及び処分に係る業務を行わせるために設定された信託の受託者である法人の役員（第二百条第二項の規定に基づき特定資産の管理及び処分に係る業務を委託したときは、当該業務の受託者（当該受託者が法人であるときは、その役員））
en-us	(viii) the officer of a corporation that is the trustee of a trust created for the purpose of having a person engage in business involving the administration and disposition of the specified assets (other than beneficial interest in a trust) specified in the asset securitization plan (or if a person is entrusted with business involving the administration and disposition of specified assets based on Article 200, paragraph (2), the person entrusted with that business (or if the entrusted person is a corporation, its officer));

ja-jp	九　資産流動化計画に定められた特定資産が信託の受益権である場合には、当該信託の受託者である法人の役員
en-us	(ix) if the specified assets provided for in the asset securitization plan are beneficial interests in a trust, the officer of the corporation that is the trustee of that trust; and

ja-jp	十　特定出資信託の受託者である法人の役員
en-us	(x) the officer of the corporation that is the trustee of a specified equity trust.

ja-jp	２　会社法第三百三十一条第二項本文（取締役の資格等）の規定は、特定目的会社の取締役について準用する。この場合において、同項本文中「株主」とあるのは、「社員」と読み替えるものとする。
en-us	(2) The main text of Article 331, paragraph (2) (Qualifications of Directors) of the Companies Act apply mutatis mutandis to the director of a specified purpose company. In such a case, the term "shareholders" in the main text of that Article is deemed to be replaced with "members".

ja-jp	（会計参与の資格等）
en-us	(Qualification of Accounting Advisors)

ja-jp	第七十一条　会計参与は、公認会計士（公認会計士法（昭和二十三年法律第百三号）第十六条の二第五項に規定する外国公認会計士を含む。以下同じ。）若しくは監査法人又は税理士若しくは税理士法人でなければならない。
en-us	Article 71 (1) An accounting advisor must be a certified public accountant (or a foreign certified public accountant prescribed in Article 16-2, paragraph (5) of the Certified Public Accountants Act (Act No. 103 of 1948); hereinafter the same applies), audit corporation, certified tax accountant, or tax accountant corporation.

ja-jp	２　会社法第三百三十三条第二項及び第三項（会計参与の資格等）の規定は、特定目的会社の会計参与について準用する。この場合において、同項第一号中「株式会社又はその子会社」とあるのは「特定目的会社」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。
en-us	(2) The provisions of Article 333, paragraphs (2) and (3) (Qualifications of Accounting Advisors) of the Companies Act apply mutatis mutandis to the accounting advisors of a specified purpose company. In such a case, the term "a stock company or its subsidiary" in Article 333, paragraph (3), item (i) of that Act is deemed to be replaced with "a specified purpose company", and Cabinet Order provides for any other necessary technical replacement of terms.

ja-jp	（監査役の資格）
en-us	(Qualification of Company Auditors)

ja-jp	第七十二条　監査役は、特定目的会社の取締役又は使用人を兼ねることができない。
en-us	Article 72 (1) A company auditor may not concurrently act as the director or employee of a specified purpose company.

ja-jp	２　第七十条の規定は、監査役について準用する。
en-us	(2) The provisions of Article 70 apply mutatis mutandis to company auditors.

ja-jp	（会計監査人の資格等）
en-us	(Qualification of Accounting Auditors)

ja-jp	第七十三条　会計監査人は、公認会計士又は監査法人でなければならない。
en-us	Article 73 (1) An accounting auditor must be a certified public accountant or an audit corporation.

ja-jp	２　会計監査人に選任された監査法人は、その社員の中から会計監査人の職務を行うべき者を選定し、これを特定目的会社に通知しなければならない。この場合においては、次項第二号に掲げる者を選定することはできない。
en-us	(2) An audit corporation appointed as accounting auditor must select a person to act as accounting auditor from among its members and notify the specified purpose company of this. In such a case, the person referred to in item (ii) of the following paragraph may not be selected.

ja-jp	３　次に掲げる者は、会計監査人となることができない。
en-us	(3) The following persons may not become an accounting auditor:

ja-jp	一　公認会計士法の規定により、特定目的会社の第百二条第二項に規定する計算書類について監査をすることができない者
en-us	(i) a person that may not audit the financial statements of a specified purpose company prescribed in Article 102, paragraph (2) pursuant to the provisions of the Certified Public Accountants Act;

ja-jp	二　資産流動化計画に定められた特定資産の譲渡人、当該特定資産の管理及び処分に係る業務を行わせるために設定された信託の受託者である信託会社等（第二百条第二項の規定に基づき同項各号の財産に係る管理及び処分に係る業務を委託した場合にあっては、その受託者）若しくは当該特定資産が信託の受益権である場合における当該信託の受託者（以下この号並びに第九十一条第四項第二号及び第三号において「特定資産譲渡人等」という。）若しくは特定資産譲渡人等の取締役、会計参与、監査役若しくは執行役から公認会計士若しくは監査法人の業務以外の業務により継続的な報酬を受けている者又はその配偶者
en-us	(ii) a transferor of specified assets provided for in the asset securitization plan; a trust company or financial institution that is the trustee of a trust created for the purpose of having a person engage in business involving the administration and disposition of those specified assets (or, if a person is entrusted with business involving the administration and disposition of property referred to in the items of Article 200, paragraph (2) based on that paragraph, the entrusted person); or the trustee of a trust, if those specified assets are beneficial interests in a trust (hereinafter these persons are collectively referred to as the "transferor or trustee of specified assets" in this item and Article 91, paragraph (4), items (ii) and (iii)); or a person or the spouse of a person that continuously receives remuneration from the director, accounting advisor, audit corporation, or executive officer of the transferor or trustee of specified asset for services other than those of a certified public accountant or audit corporation; and

ja-jp	三　監査法人でその社員の半数以上が前号に掲げる者であるもの
en-us	(iii) an audit corporation more than half of whose members are persons set forth in the preceding item.

ja-jp	４　会社法第三百三十八条（会計監査人の任期）の規定は、特定目的会社の会計監査人について準用する。この場合において、同条第一項及び第二項中「定時株主総会」とあるのは、「定時社員総会」と読み替えるものとする。
en-us	(4) The provisions of Article 338 (Accounting Auditors' Terms of Office) of the Companies Act apply mutatis mutandis to the accounting auditors of a specified purpose company. In such a case, the term "annual shareholders meeting" in Article 338, paragraphs (1) and (2) of that Act is deemed to be replaced with "annual general meeting of members".

ja-jp	第七十四条　役員及び会計監査人は、いつでも、社員総会の決議によって解任することができる。
en-us	Article 74 (1) An officer or accounting auditor may be dismissed at any time through a resolution at a general meeting of members.

ja-jp	２　前項の規定により解任された者は、その解任について正当な理由がある場合を除き、特定目的会社に対し、解任によって生じた損害の賠償を請求することができる。
en-us	(2) Unless there are legitimate grounds for a person's dismissal, a person dismissed pursuant to the preceding paragraph may demand the specified purpose company to compensate for damage arising from the dismissal.

ja-jp	３　役員の職務の執行に関し不正の行為又は法令、資産流動化計画若しくは定款に違反する重大な事実があったにもかかわらず、当該役員を解任する旨の議案が社員総会において否決されたときは、次に掲げる社員は、当該社員総会の日から三十日以内に、訴えをもって当該役員の解任を請求することができる。
en-us	(3) If, notwithstanding the presence of misconduct or a material fact in violation of laws and regulations, the asset securitization plan, or the articles of incorporation in the performance of an officer's duties, the proposal to dismiss the officer is rejected at a general meeting of members, the following members may file an action within thirty days from the date of that general meeting of members demanding the dismissal of the officer:

ja-jp	一　総特定社員（次に掲げる特定社員を除く。）の議決権の百分の三（これを下回る割合を定款で定めた場合にあっては、その割合）以上の議決権を有する特定社員（次に掲げる特定社員を除く。）又は総優先出資社員（次に掲げる優先出資社員を除く。）の議決権の百分の三（これを下回る割合を定款で定めた場合にあっては、その割合）以上の議決権を六箇月（これを下回る期間を定款で定めた場合にあっては、その期間）前から引き続き有する優先出資社員（次に掲げる優先出資社員を除く。）
en-us	(i) specified equity members (other than the following specified equity members) holding voting rights that account for three percent (or, if a smaller percentage is provided for in the articles of incorporation, that percentage) or more of the voting rights of all specified equity members (other than the following specified equity members); or preferred equity members (other than the following preferred equity members) holding voting rights that account for three percent (or, if a smaller percentage is provided for in the articles of incorporation, that percentage) or more of the voting rights of all preferred equity members (other than the following preferred equity members) continuously for the preceding six months (or, if a shorter period is provided for in the articles of incorporation, that period):

ja-jp	イ　当該役員を解任する旨の議案について議決権を行使することができない特定社員又は優先出資社員
en-us	(a) a specified equity member or preferred equity member not entitled to vote on the proposal to dismiss the officer; and

ja-jp	ロ　当該請求に係る役員である特定社員又は優先出資社員
en-us	(b) the specified equity member or preferred equity member that is the officer pertaining to the demand.

ja-jp	二　特定出資（次に掲げる特定社員の有する特定出資を除く。）の総口数の百分の三（これを下回る割合を定款で定めた場合にあっては、その割合）以上の口数の特定出資を有する特定社員（次に掲げる特定社員を除く。）又は発行済優先出資（次に掲げる優先出資社員の有する優先出資を除く。）の百分の三（これを下回る割合を定款で定めた場合にあっては、その割合）以上の口数の優先出資を六箇月（これを下回る期間を定款で定めた場合にあっては、その期間）前から引き続き有する優先出資社員（次に掲げる優先出資社員を除く。）
en-us	(ii) specified equity members (other than the following specified equity members) holding a number of units of specified equity that accounts for three percent (or, if a smaller percentage is provided for in the articles of incorporation, that percentage) or more of the total number of units of specified equity (other than any specified equity held by the following specified equity members); or preferred equity members (other than the following preferred equity members) holding a number of units of preferred equity that accounts for three percent (or, if a smaller percentage is provided for in the articles of incorporation, that percentage) or more of the issued preferred equity (other than any preferred equity held by the following preferred equity members) continuously for the preceding six months (or, if a shorter period is provided for in the articles of incorporation, that period):

ja-jp	イ　当該特定目的会社である特定社員又は優先出資社員
en-us	(a) the specified equity member or preferred equity member that is the specified purpose company in question; and

ja-jp	ロ　当該請求に係る役員である特定社員又は優先出資社員
en-us	(b) the specified equity member or preferred equity member that is the officer pertaining to the demand.

ja-jp	４　会社法第八百五十五条（被告）、第八百五十六条（訴えの管轄）及び第九百三十七条第一項（第一号ヌに係る部分に限る。）（裁判による登記の嘱託）の規定は、前項の役員の解任の訴えについて準用する。この場合において、必要な技術的読替えは、政令で定める。
en-us	(4) The provisions of Article 855 (Defendant), Article 856 (Jurisdiction over an Action), and Article 937, paragraph (1) (but only the part that involves item (i), sub-item (j)) (Commissioning of Registration by a Judicial Decision) of the Companies Act apply mutatis mutandis to an action to dismiss an officer referred to in the preceding paragraph. In such a case, Cabinet Order provides for the necessary technical replacement of terms.

ja-jp	（監査役による会計監査人の解任）
en-us	(Dismissal of Accounting Auditors by Company Auditors)

ja-jp	第七十五条　監査役は、会計監査人が次の各号のいずれかに該当するときは、その会計監査人を解任することができる。
en-us	Article 75 (1) A company auditor may dismiss an accounting auditor if that accounting auditor falls under any of the following items:

ja-jp	一　職務上の義務に違反し、又は職務を怠ったとき。
en-us	(i) breaches an obligation in the course of duties or neglects their duties;

ja-jp	二　会計監査人としてふさわしくない非行があったとき。
en-us	(ii) engages in conduct unbecoming of an accounting auditor; or

ja-jp	三　心身の故障のため、職務の執行に支障があり、又はこれに堪えないとき。
en-us	(iii) has difficulty in performing their duties or is unable to do so due to a mental or physical disorder.

ja-jp	２　前項の規定による解任は、監査役が二人以上ある場合には、監査役の全員の同意によって行わなければならない。
en-us	(2) If there are two or more company auditors, a dismissal under the preceding paragraph must be effected by a unanimous consent of the company auditors.

ja-jp	３　第一項の規定により会計監査人を解任したときは、監査役（監査役が二人以上ある場合にあっては、監査役の互選によって定めた監査役）は、その旨及び解任の理由を解任後最初に招集される社員総会に報告しなければならない。
en-us	(3) If an accounting auditor is dismissed pursuant to the provisions of paragraph (1), a company auditor (if the company has two or more company auditors, a company auditor appointed from among themselves) must report this and give the reason for the dismissal at the first general meeting of members convened after the dismissal.

ja-jp	（役員に欠員を生じた場合の措置）
en-us	(Measures for Officer Vacancies)

ja-jp	第七十六条　役員が欠けた場合又はこの法律若しくは定款で定めた役員の員数が欠けた場合には、任期の満了又は辞任により退任した役員は、新たに選任された役員（次項の一時役員の職務を行うべき者を含む。）が就任するまで、なお役員としての権利義務を有する。
en-us	Article 76 (1) If there is a position vacancy among the officers or a shortfall in the number of officers prescribed by this Act or the articles of incorporation, an officer that has left office due to the expiration of that officer's term of office or due to resignation continues to have the rights and duties of an officer until a newly appointed officer (or a person that will temporarily perform the duties of an officer as prescribed in the following paragraph) takes office.

ja-jp	２　前項に規定する場合において、裁判所は、必要があると認めるときは、利害関係人の申立てにより、一時役員の職務を行うべき者を選任することができる。
en-us	(2) In the case referred to in the preceding paragraph, the court may appoint a person who is to temporarily perform the duties of an officer at the petition of an interested party, if it finds this to be necessary.

ja-jp	３　裁判所は、前項の一時役員の職務を行うべき者を選任した場合には、特定目的会社がその者に対して支払う報酬の額を定めることができる。
en-us	(3) If the court appoints a person who is to temporarily perform the duties of an officer as prescribed in the preceding paragraph, it may fix the amount of remuneration that the specified purpose company is to pay to that person.

ja-jp	４　会計監査人が欠けた場合又は定款で定めた会計監査人の員数が欠けた場合において、遅滞なく会計監査人が選任されないときは、監査役は、一時会計監査人の職務を行うべき者を選任しなければならない。
en-us	(4) If there is a position vacancy among the accounting auditors or a shortfall in the number of accounting auditors prescribed by the articles of incorporation, unless a new accounting auditor is appointed without delay, a company auditor must appoint a person who is to temporarily perform the duties of accounting auditor.

ja-jp	５　第七十三条第一項から第三項まで及び前条の規定は、前項の一時会計監査人の職務を行うべき者について準用する。
en-us	(5) The provisions of Article 73, paragraphs (1) through (3) and the preceding Article apply mutatis mutandis to a person who is to temporarily perform the duties of accounting auditor as prescribed in the preceding paragraph.

ja-jp	６　会社法第八百六十八条第一項（非訟事件の管轄）、第八百七十条第一項（第一号に係る部分に限る。）（陳述の聴取）、第八百七十一条（理由の付記）、第八百七十二条（第四号に係る部分に限る。）（即時抗告）、第八百七十四条（第一号に係る部分に限る。）（不服申立ての制限）、第八百七十五条（非訟事件手続法の規定の適用除外）、第八百七十六条（最高裁判所規則）及び第九百三十七条第一項（第二号イ及びハに係る部分に限る。）（裁判による登記の嘱託）の規定は、第二項の申立てがあった場合について準用する。
en-us	(6) The provisions of Article 868, paragraph (1) (Jurisdiction over Non-Contentious Cases); Article 870, paragraph (1) (but only the part that involves item (i)) (Hearing of Statements); Article 871 (Appending of the Reason); Article 872 (but only the part that involves item (iv)) (Immediate Appeal); Article 874 (but only the part that involves item (i)) (Restrictions on Appeal); Article 875 (Exclusion from Application of the Provisions of the Non-Contentious Cases Procedures Act); Article 876 (Supreme Court Rule); and Article 937, paragraph (1) (but only the part that involves item (ii), sub-items (a) and (c)) (Commissioning of Registration by a Judicial Decision) of the Companies Act apply mutatis mutandis if a petition prescribed in paragraph (2) has been filed.

ja-jp	（会社法の準用）
en-us	(Application, Mutatis Mutandis, of the Companies Act)

ja-jp	第七十七条　会社法第三百四十一条（役員の選任及び解任の株主総会の決議）の規定は、取締役の選任の決議について準用する。この場合において、同条中「第三百九条第一項」とあるのは「資産流動化法第六十条第一項」と、「株主総会」とあるのは「社員総会」と、「株主」とあるのは「社員」と読み替えるものとする。
en-us	Article 77 (1) The provisions of Article 341 (Resolution at Shareholders Meeting for Election and Dismissal of Officers) of the Companies Act apply mutatis mutandis to a resolution on the appointment of a director. In such a case, the terms "Article 309, paragraph (1)", "the meeting", and "shareholder" in that Article are deemed to be replaced with "Article 60, paragraph (1) of the Asset Securitization Act", "the general meeting of members", and "members", respectively.

ja-jp	２　会社法第三百四十二条（累積投票による取締役の選任）の規定は社員が特定目的会社の取締役を選任する場合について、同法第三百四十四条第一項及び第二項（会計監査人の選任等に関する議案の内容の決定）の規定は特定目的会社について、それぞれ準用する。この場合において、これらの規定中「株主総会」とあるのは「社員総会」と、同法第三百四十二条第三項中「第三百八条第一項」とあるのは「資産流動化法第五十九条第一項」と、「株式一株（単元株式数を定款で定めている場合にあっては、一単元の株式）」とあるのは「特定出資又は優先出資一口」と読み替えるものとする。
en-us	(2) The provisions of Article 342 (Election of Directors by Cumulative Vote) of the Companies Act apply mutatis mutandis if the members appoint the director of a specified purpose company, and Article 344, paragraphs (1) and (2) (Determination of Content of Proposal on the Election of Accounting Auditors) of that Act apply mutatis mutandis to a specified purpose company. In such a case, the term "shareholders meeting" in those provisions is deemed to be replaced with "general meeting of members"; and the terms "Article 308, paragraph (1)" and "for each one share the shareholder holds (or, in cases where the share units are provided for in the articles of incorporation, for each one unit of the shares the shareholder holds)" in Article 342, paragraph (3) of that Act are deemed to be replaced with "Article 59, paragraph (1) of the Asset Securitization Act" and "for each one unit of specified equity or preferred equity", respectively.

ja-jp	３　会社法第三百四十五条（会計参与等の選任等についての意見の陳述）の規定は、特定目的会社について準用する。この場合において、同条中「株主総会」とあるのは「社員総会」と、同条第三項中「第二百九十八条第一項第一号」とあるのは「資産流動化法第五十四条第一項第一号」と、同条第五項中「第三百四十条第一項」とあるのは「資産流動化法第七十五条第一項」と読み替えるものとする。
en-us	(3) The provisions of Article 345 (Statement of Opinions on Election of Accounting Advisors) of the Companies Act apply mutatis mutandis to a specified purpose company. In such a case, the term "the shareholders meeting" in that Article is deemed to be replaced with "the general meeting of members"; the term "Article 298, paragraph (1), item (i)" in Article 345, paragraph (3) of that Act is deemed to be replaced with "Article 54, paragraph (1), item (i) of the Asset Securitization Act"; and the term "Article 340, paragraph (1)" in Article 345, paragraph (5) of the Companies Act is deemed to be replaced with "Article 75, paragraph (1) of the Asset Securitization Act".

ja-jp	第四款　取締役
en-us	Subsection 4 Directors

ja-jp	（業務の執行）
en-us	(Execution of Business)

ja-jp	第七十八条　取締役は、定款に別段の定めがある場合を除き、特定目的会社の業務を執行する。
en-us	Article 78 (1) Unless otherwise provided for in the articles of incorporation, a director engages in the execution of business of the specified purpose company.

ja-jp	２　取締役が二人以上ある場合には、特定目的会社の業務は、定款に別段の定めがある場合を除き、取締役の過半数をもって決定する。
en-us	(2) Unless otherwise provided for in the articles of incorporation, if there are two or more directors, the business of a specified purpose company is decided by the majority of the directors.

ja-jp	（特定目的会社の代表）
en-us	(Representative of Specified Purpose Companies)

ja-jp	第七十九条　取締役は、特定目的会社を代表する。ただし、他に代表取締役その他特定目的会社を代表する者を定めた場合は、この限りでない。
en-us	Article 79 (1) A director represents a specified purpose company; provided, however, that this does not apply if other representative director or other person is designated to represent the specified purpose company.

ja-jp	２　前項本文の取締役が二人以上ある場合には、取締役は、各自、特定目的会社を代表する。
en-us	(2) If there are two or more directors referred to in the main text of the preceding paragraph, each director represents the specified purpose company.

ja-jp	３　特定目的会社は、定款、定款の定めに基づく取締役の互選又は社員総会の決議によって、取締役の中から代表取締役を定めることができる。
en-us	(3) A specified purpose company may designate a representative director from among the directors pursuant to the articles of incorporation, through appointment by the directors from among themselves pursuant to the provisions of the articles of incorporation, or through a resolution at a general meeting of members.

ja-jp	４　会社法第三百四十九条第四項及び第五項（株式会社の代表）の規定は特定目的会社の代表取締役について、同法第三百五十条（代表者の行為についての損害賠償責任）の規定は特定目的会社について、それぞれ準用する。
en-us	(4) The provisions of Article 349, paragraphs (4) and (5) (Representatives of Companies) of the Companies Act apply mutatis mutandis to the representative director of a specified purpose company, and the provisions of Article 350 (Liability for Damages Caused by Acts of Directors) of that Act apply mutatis mutandis to a specified purpose company.

ja-jp	（競業及び利益相反取引の制限）
en-us	(Restrictions on Competition and Conflict of Interest Transactions)

ja-jp	第八十条　取締役は、次に掲げる場合には、社員総会において、当該取引につき重要な事実を開示し、その承認を受けなければならない。
en-us	Article 80 (1) In the following cases, a director must disclose the material facts of the transactions at a general meeting of members and obtain approval for the transactions:

ja-jp	一　取締役が自己又は第三者のために特定目的会社の事業の部類に属する取引をしようとするとき。
en-us	(i) if the director seeks to engage in transactions that are in the line of business of the specified purpose company for a personal benefit or to benefit a third party;

ja-jp	二　取締役が自己又は第三者のために特定目的会社と取引をしようとするとき。
en-us	(ii) if the director seeks to engage in transactions with the specified purpose company for a personal benefit or to benefit a third party; or

ja-jp	三　特定目的会社が取締役以外の者との間において特定目的会社と当該取締役との利益が相反する取引をしようとするとき。
en-us	(iii) if the specified purpose company seeks to engage in transactions with a person other than a director that result in a conflict of interests between the specified purpose company and the director.

ja-jp	２　民法（明治二十九年法律第八十九号）第百八条（自己契約及び双方代理等）の規定は、前項の承認を受けた同項第二号又は第三号の取引については、適用しない。
en-us	(2) The provisions of Article 108 (Self-Contracting and Representation of Both Parties) of the Civil Code (Act No. 89 of 1896) do not apply to transactions referred to in item (ii) or (iii) of the preceding paragraph that have obtained the approval referred to in that paragraph.

ja-jp	（業務の執行に関する検査役の選任）
en-us	(Appointment of Inspectors for Execution of Business)

ja-jp	第八十一条　特定目的会社の業務の執行に関し、不正の行為又は法令、資産流動化計画若しくは定款に違反する重大な事実があることを疑うに足りる事由があるときは、次に掲げる社員は、当該特定目的会社の業務及び財産の状況を調査させるため、裁判所に対し、検査役の選任の申立てをすることができる。
en-us	Article 81 (1) If there are sufficient grounds to suspect presence of misconduct or a material fact that constitutes a violation of laws and regulations, the asset securitization plan, or the articles of incorporation in connection with the execution of business of a specified purpose company, any of the following members may file a petition with the court to appoint an inspector in order to have that inspector investigate the status of business and assets of the specified purpose company:

ja-jp	一　総特定社員（社員総会において決議をすることができる事項の全部につき議決権を行使することができない特定社員を除く。）の議決権の百分の三（これを下回る割合を定款で定めた場合にあっては、その割合）以上の議決権を有する特定社員
en-us	(i) specified equity members holding voting rights that account for three percent (or, if a smaller percentage is provided for in the articles of incorporation, that percentage) or more of the voting rights of all specified equity members (other than specified equity members not entitled to vote on all of the matters that may be resolved at a general meeting of members);

ja-jp	二　総優先出資社員（社員総会において決議をすることができる事項の全部につき議決権を行使することができない優先出資社員を除く。）の議決権の百分の三（これを下回る割合を定款で定めた場合にあっては、その割合）以上の議決権を有する優先出資社員
en-us	(ii) preferred equity members holding voting rights that account for three percent (or, if a smaller percentage is provided for in the articles of incorporation, that percentage) or more of the voting rights of all preferred equity members (other than preferred equity members not entitled to vote on all of the matters that may be resolved at a general meeting of members);

ja-jp	三　特定出資（自己特定出資を除く。）の総口数の百分の三（これを下回る割合を定款で定めた場合にあっては、その割合）以上の口数の特定出資を有する特定社員
en-us	(iii) specified equity members holding a number of units of specified equity that accounts for three percent (or, if a smaller percentage is provided for in the articles of incorporation, that percentage) or more of the total number of units of specified equity (other than the company's own specified equity); and

ja-jp	四　発行済優先出資（自己優先出資を除く。）の百分の三（これを下回る割合を定款で定めた場合にあっては、その割合）以上の口数の優先出資を有する優先出資社員
en-us	(iv) preferred equity members holding a number of units of preferred equity that accounts for three percent (or, if a smaller percentage is provided for in the articles of incorporation, that percentage) or more of the issued preferred equity (other than the company's own preferred equity).

ja-jp	２　会社法第三百五十八条第二項、第三項及び第五項から第七項まで（業務の執行に関する検査役の選任）、第三百五十九条（裁判所による株主総会招集等の決定）、第八百六十八条第一項（非訟事件の管轄）、第八百七十条第一項（第一号に係る部分に限る。）（陳述の聴取）、第八百七十一条（理由の付記）、第八百七十二条（第四号に係る部分に限る。）（即時抗告）、第八百七十四条（第一号に係る部分に限る。）（不服申立ての制限）、第八百七十五条（非訟事件手続法の規定の適用除外）並びに第八百七十六条（最高裁判所規則）の規定は、前項の申立てがあった場合の検査役及びその報告があった場合について準用する。この場合において、同法第三百五十八条第三項及び第七項中「株式会社」とあるのは「特定目的会社」と、同項中「株主」とあるのは「社員」と、同法第三百五十九条第一項第一号、第二項及び第三項中「株主総会」とあるのは「社員総会」と、同条第一項第二号中「株主」とあるのは「社員」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。
en-us	(2) The provisions of Article 358, paragraph (2), paragraph (3), and paragraphs (5) through (7) (Election of Inspector of Execution of Business); Article 359 (Decision by Court to Call Shareholders Meeting); Article 868, paragraph (1) (Jurisdiction over Non-Contentious Cases); Article 870, paragraph (1) (but only the part that involves item (i)) (Hearing of Statements); Article 871 (Appending of the Reason); Article 872 (but only the part that involves item (iv)) (Immediate Appeal); Article 874 (but only the part that involves item (i)) (Restrictions on Appeal); Article 875 (Exclusion from Application of the Provisions of the Non-Contentious Cases Procedures Act); and Article 876 (Supreme Court Rule) of the Companies Act apply mutatis mutandis to an inspector in the case the petition referred to in the preceding paragraph has been filed and when that inspector makes a report. In such a case, the term "the stock company" in Article 358, paragraphs (3) and (7) of the Companies Act is deemed to be replaced with "the specified purpose company"; the term "the shareholders" in Article 358, paragraph (7) of that Act is deemed to be replaced with "members"; the term "shareholders meeting" in Article 359, paragraph (1), item (i), paragraphs (2) and (3) of that Act is deemed to be replaced with "general meeting of members"; the term "shareholders" in Article 359, paragraph (1), item (ii) of that Act is deemed to be replaced with "members"; and Cabinet Order provides for any other necessary technical replacement of terms.

ja-jp	３　前項において読み替えて準用する会社法第三百五十九条に規定する社員総会は、第二種特定目的会社にあっては、有議決権事項をその会議の目的とする社員総会とみなす。
en-us	(3) For a Type II Specified Purpose Company, the general meeting of members prescribed in Article 359 of the Companies Act as applied mutatis mutandis following the deemed replacement of terms pursuant to the preceding paragraph is deemed to be a general meeting of members whose subject is a matter subject to inclusive voting.

ja-jp	（社員等による取締役の行為の差止め）
en-us	(Injunction on Directors' Acts by Members)

ja-jp	第八十二条　社員、特定社債権者、特定約束手形の所持人又は特定借入れに係る債権者は、取締役が法令又は資産流動化計画に違反する行為をし、又はこれらの行為をするおそれがある場合には、当該取締役に対し、当該行為をやめることを請求することができる。
en-us	Article 82 If a director is engaging, or is likely to engage, in an act that violates a law or regulation or the asset securitization plan, a member, specified bondholder, holder of a specified promissory note, or creditor from which specified borrowings have been borrowed may demand that the director cease engaging in that act.

ja-jp	第八十三条　特定社員又は六箇月前から引き続き優先出資を有する優先出資社員は、取締役が特定目的会社の目的の範囲外の行為その他定款に違反する行為をし、又はこれらの行為をするおそれがある場合において、当該行為によって当該特定目的会社に著しい損害が生ずるおそれがあるときは、当該取締役に対し、当該行為をやめることを請求することができる。
en-us	Article 83 If a director is engaging, or is likely to engage, in an act outside the scope of the purpose of the specified purpose company or in an act that violates the articles of incorporation, and that act is likely to cause substantial detriment to the specified purpose company, a specified equity member or a preferred equity member that has held preferred equity continuously for the preceding six months may demand that the director to cease engaging in that act.

ja-jp	（取締役の報酬等）
en-us	(Remuneration of Directors)

ja-jp	第八十四条　取締役の報酬、賞与その他の職務執行の対価として特定目的会社から受ける財産上の利益（以下この節において「報酬等」という。）についての次に掲げる事項は、定款に当該事項を定めていないときは、社員総会の決議によって定める。
en-us	Article 84 (1) The following particulars concerning a director's remuneration and bonuses and other financial benefits that a director receives from a specified purpose company as consideration for performing their duties (hereinafter referred to as "remuneration, etc." in this Section) are determined by resolution at a general meeting of members if those particulars are not provided for in the articles of incorporation:

ja-jp	一　報酬等のうち額が確定しているものについては、その額
en-us	(i) the amount of any remuneration, etc. that is of a fixed amount;

ja-jp	二　報酬等のうち額が確定していないものについては、その具体的な算定方法
en-us	(ii) the specific method for calculating the amount of any remuneration, etc. that is not of a fixed amount; and

ja-jp	三　報酬等のうち金銭でないものについては、その具体的な内容
en-us	(iii) the specific content of remuneration, etc. other than money.

ja-jp	２　会社法第三百六十一条第四項（取締役の報酬等）の規定は、前項の決議について準用する。この場合において、同条第四項中「第一項各号」とあるのは、「資産流動化法第八十四条第一項第二号又は第三号」と読み替えるものとする。
en-us	(2) The provisions of Article 361, paragraph (4) (Remuneration for Directors) of the Companies Act apply mutatis mutandis to the resolution referred to in the preceding paragraph. In such a case, the terms "items of paragraph (1) of" in paragraph (4) of that Article are deemed to be replaced with "Article 84, paragraph (1), item (ii) or (iii) of the Asset Securitization Act", respectively.

ja-jp	（取締役等についての会社法の準用）
en-us	(Application, Mutatis Mutandis, of the Companies Act to Directors)

ja-jp	第八十五条　会社法第三百五十一条（代表取締役に欠員を生じた場合の措置）、第八百六十八条第一項（非訟事件の管轄）、第八百七十条第一項（第一号に係る部分に限る。）（陳述の聴取）、第八百七十一条（理由の付記）、第八百七十二条（第四号に係る部分に限る。）（即時抗告）、第八百七十四条（第一号に係る部分に限る。）（不服申立ての制限）、第八百七十五条（非訟事件手続法の規定の適用除外）、第八百七十六条（最高裁判所規則）及び第九百三十七条第一項（第二号イ及びハに係る部分に限る。）（裁判による登記の嘱託）の規定は特定目的会社の代表取締役について、同法第三百五十二条（取締役の職務を代行する者の権限）、第八百六十八条第一項（非訟事件の管轄）、第八百七十条第一項（第一号に係る部分に限る。）（陳述の聴取）、第八百七十一条（理由の付記）、第八百七十二条（第四号に係る部分に限る。）（即時抗告）、第八百七十四条（第一号に係る部分に限る。）（不服申立ての制限）、第八百七十五条（非訟事件手続法の規定の適用除外）及び第八百七十六条（最高裁判所規則）の規定は特定目的会社の職務代行者について、同法第三百五十四条（表見代表取締役）の規定は特定目的会社について、同法第三百五十五条（忠実義務）及び第三百五十七条第一項（取締役の報告義務）の規定は特定目的会社の取締役について、それぞれ準用する。この場合において、同法第三百五十五条中「法令及び定款」とあるのは「法令、資産流動化計画及び定款」と、「株主総会」とあるのは「社員総会」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。
en-us	Article 85 The provisions of Article 351 (Measures When a Vacancy Arises in an Office of a Representative Director); Article 868, paragraph (1) (Jurisdiction over Non-Contentious Cases); Article 870, paragraph (1) (but only the part that involves item (i)) (Hearing of Statements); Article 871 (Appending of the Reason); Article 872 (but only the part that involves item (iv)) (Immediate Appeal); Article 874 (but only the part that involves item (i)) (Restrictions on Appeal); Article 875 (Exclusion from Application of the Provisions of the Non-Contentious Cases Procedures Act); Article 876 (Supreme Court Rule); and Article 937, paragraph (1) (but only the part that involves item (ii), sub-items (a) and (c)) (Commissioning of Registration by a Judicial Decision) of the Companies Act apply mutatis mutandis to the representative director of a specified purpose company; the provisions of Article 352 (Authority of Persons Who Perform Duties on Behalf of Directors); Article 868, paragraph (1) (Jurisdiction over Non-Contentious Cases); Article 870, paragraph (1) (but only the part that involves item (i)) (Hearing of Statements); Article 871 (Appending of the Reason), Article 872 (but only the part that involves item (iv)) (Immediate Appeal); Article 874 (but only the part that involves item (i)) (Restrictions on Appeal); Article 875 (Exclusion from Application of the Provisions of the Non-Contentious Cases Procedures Act); and Article 876 (Supreme Court Rule) of that Act apply mutatis mutandis to an acting representative for a specified purpose company; the provisions of Article 354 (Apparent Representative Directors) of that Act apply mutatis mutandis to a specified purpose company; and the provisions of Article 355 (Duty of Loyalty) and Article 357, paragraph (1) (Director's Duty to Report) of that Act apply mutatis mutandis to the director of a specified purpose company. In such a case, the terms "laws and regulations, the articles of incorporation" and "shareholders meeting" in Article 355 of that Act are deemed to be replaced with "laws and regulations, the asset securitization plan, the articles of incorporation" and "general meeting of members", respectively; and Cabinet Order provides for any other necessary technical replacement of terms.

ja-jp	第五款　会計参与
en-us	Subsection 5 Accounting Advisors

ja-jp	（会計参与の権限等）
en-us	(Authority of Accounting Advisors)

ja-jp	第八十六条　会計参与は、取締役と共同して、計算書類（第百二条第二項に規定する計算書類をいう。以下この節において同じ。）及びその附属明細書を作成する。この場合において、会計参与は、内閣府令で定めるところにより、会計参与報告を作成しなければならない。
en-us	Article 86 (1) An accounting advisor, together with the directors, must prepare financial statements (meaning the financial statements prescribed in Article 102, paragraph (2); hereinafter the same applies in this Section) and their annexed detailed statements. In doing so, the accounting advisor must prepare an accounting advisor's report pursuant to Cabinet Office Order provisions.

ja-jp	２　会社法第三百七十四条第二項、第三項及び第五項（会計参与の権限）、第三百七十五条第一項（会計参与の報告義務）、第三百七十七条第一項（株主総会における意見の陳述）並びに第三百七十八条第一項（第一号に係る部分に限る。）及び第二項（会計参与による計算書類等の備置き等）の規定は、会計参与設置会社について準用する。この場合において、同法第三百七十四条第三項中「会計参与設置会社の子会社に対して会計に関する報告を求め、又は会計参与設置会社若しくはその子会社」とあるのは「会計参与設置会社」と、同条第五項中「第三百三十三条第三項第二号又は第三号」とあるのは「資産流動化法第七十一条第二項において準用する第三百三十三条第三項第二号又は第三号」と、同法第三百七十五条第一項中「法令若しくは定款」とあるのは「法令、資産流動化計画若しくは定款」と、同法第三百七十七条第一項中「第三百七十四条第一項」とあるのは「資産流動化法第八十六条第一項」と、「株主総会」とあるのは「社員総会」と、同法第三百七十八条第一項第一号中「定時株主総会」とあるのは「定時社員総会」と、同条第二項中「株主」とあるのは「社員」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。
en-us	(2) The provisions of Article 374, paragraphs (2), (3), and (5) (Authority of Accounting Advisors); Article 375, paragraph (1) (Accounting Advisor's Duty to Report); Article 377, paragraph (1) (Statement of Opinions at Shareholders Meeting); and Article 378, paragraph (1) (but only the part that involves item (i)) and paragraph (2) (Keeping and Inspection of Financial Statements by Accounting Advisors) of the Companies Act apply mutatis mutandis to a company with accounting advisors. In such a case, the term "may request reports on accounting from a subsidiary of the company with accounting advisors, or investigate the status of the operations and financial status of the company with accounting advisors or of its subsidiary" in Article 374, paragraph (3) of that Act is deemed to be replaced with "may investigate the operational and financial status of the company with accounting advisors"; the term "item (ii) or item (iii) of Article 333, paragraph (3)" in paragraph (5) of that Article is deemed to be replaced with "Article 333, paragraph (3), item (ii) or (iii) of the Companies Act as applied mutatis mutandis pursuant to Article 71, paragraph (2) of the Asset Securitization Act"; the term "laws and regulations or the articles of incorporation" in Article 375, paragraph (1) of the Companies Act is deemed to be replaced with "laws and regulations, the asset securitization plan, or the articles of incorporation"; the terms "Article 374, paragraph (1)" and "the shareholders meeting" in Article 377, paragraph (1) of the Companies Act are deemed to be replaced with "Article 86, paragraph (1) of the Asset Securitization Act" and "the general meeting of members", respectively; the term "the annual shareholders meeting" in Article 378, paragraph (1), item (i) of the Companies Act is deemed to be replaced with "the annual general meeting of members"; the term "shareholders" in Article 378, paragraph (2) of that Act is deemed to be replaced with "members"; and Cabinet Order provides for any other necessary technical replacement of terms.

ja-jp	３　会社法第三百七十九条（会計参与の報酬等）及び第三百八十条（費用等の請求）の規定は、特定目的会社の会計参与について準用する。この場合において、同法第三百七十九条中「株主総会」とあるのは「社員総会」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。
en-us	(3) The provisions of Article 379 (Remunerations for Accounting Advisors) and Article 380 (Requests for Indemnification of Expenses) of the Companies Act apply mutatis mutandis to the accounting advisors of a specified purpose company. In such a case, the term "shareholders meeting" in Article 379 of that Act is deemed to be replaced with "general meeting of members"; and Cabinet Order provides for any other necessary technical replacement of terms.

ja-jp	第六款　監査役
en-us	Subsection 6 Company Auditors

ja-jp	（監査役の権限）
en-us	(Authority of Company Auditors)

ja-jp	第八十七条　監査役は、取締役（会計参与設置会社にあっては、取締役及び会計参与）の職務の執行を監査する。この場合において、監査役は、内閣府令で定めるところにより、監査報告を作成しなければならない。
en-us	Article 87 (1) Company auditors audit directors' performance of their duties (or, at a company with accounting advisors, the directors' and accounting advisors' performance of their duties). In doing so, the company auditors must prepare audit reports pursuant to Cabinet Office Order provisions.

ja-jp	２　監査役は、いつでも、取締役及び会計参与並びに使用人に対して事業の報告を求め、若しくは特定目的会社の業務及び財産の状況の調査をし、又は取締役に対し意見を述べることができる。
en-us	(2) Company auditors may request reports on business from the directors and accounting advisors as well as the employees, may investigate a specified purpose company's status of business and assets, and may state an opinion to the directors at any time.

ja-jp	（取締役への報告義務）
en-us	(Duty to Report to Directors)

ja-jp	第八十八条　監査役は、取締役が不正の行為をし、若しくは当該行為をするおそれがあると認めるとき、又は法令、資産流動化計画若しくは定款に違反する事実若しくは著しく不当な事実があると認めるときは、遅滞なく、当該取締役（以下この項及び第四項において「非行取締役」という。）以外に他の取締役があるときは当該他の取締役に対し、非行取締役以外に他の取締役がないときは社員総会（特定社員を構成員とするものに限る。）において、その旨を報告しなければならない。
en-us	Article 88 (1) If a company auditor finds that a director is engaging in, or is likely to engage in, misconduct; finds there to be a fact that constitutes a violation of laws and regulations, the asset securitization plan, or the articles of incorporation; or finds there to be a fact that constitutes a gross impropriety, the company auditor must report this without delay to the directors other than the director in question (hereinafter referred to as the "delinquent director" in this paragraph and paragraph (4)), if any; or report this at a general meeting of members (but only one composed of specified equity members) if there are no directors other than the delinquent director.

ja-jp	２　監査役は、前項に規定する場合において必要があると認めるときは、取締役に社員総会の招集を請求することができる。
en-us	(2) On finding it to be necessary to do so in a case as prescribed in the preceding paragraph, a company auditor may request that a director convene a general meeting of members.

ja-jp	３　前項の請求があった場合において、当該請求の日から一週間以内に、当該請求の日から二週間以内の日を会日とする社員総会の招集の通知が発せられないときは、当該請求をした監査役は、社員総会の招集をすることができる。
en-us	(3) If the request referred to in the preceding paragraph has been made, but a notice of convocation is not issued within one week from the date of the request setting a date within two weeks of the date of the request as the day for the general meeting of members, the company auditor that made the request may convene a general meeting of members.

ja-jp	４　監査役は、社員総会において、非行取締役の解任に関する議案を提出することができる。
en-us	(4) A company auditor may submit a proposal to dismiss a delinquent director at a general meeting of members.

ja-jp	（監査役の報酬等）
en-us	(Remuneration of Company Auditors)

ja-jp	第八十九条　監査役の報酬等は、定款でその額を定めていないときは、社員総会の決議によって定める。
en-us	Article 89 (1) Remuneration, etc. of company auditors is to be determined by resolution at a general meeting of members, if their amounts are not provided for in the articles of incorporation.

ja-jp	２　会社法第三百八十七条第二項及び第三項（監査役の報酬等）の規定は、特定目的会社の監査役の報酬等について準用する。この場合において、同条中「株主総会」とあるのは「社員総会」と、同条第二項中「前項」とあるのは「資産流動化法第八十九条第一項」と読み替えるものとする。
en-us	(2) The provisions of Article 387, paragraphs (2) and (3) (Remunerations for Company Auditors) of the Companies Act apply mutatis mutandis to remuneration, etc. of the company auditor of a specified purpose company. In such a case, the term "shareholders meeting" in that Article is deemed to be replaced with "general meeting of members" and the term "the preceding paragraph" in Article 387, paragraph (2) of that Act is deemed to be replaced with "Article 89, paragraph (1) of the Asset Securitization Act".

ja-jp	（監査役についての会社法の準用）
en-us	(Application, Mutatis Mutandis, of the Companies Act to Company Auditors)

ja-jp	第九十条　会社法第三百八十四条（株主総会に対する報告義務）、第三百八十五条（監査役による取締役の行為の差止め）、第三百八十六条第一項（第一号に係る部分に限る。）及び第二項（第一号及び第二号に係る部分に限る。）（監査役設置会社と取締役との間の訴えにおける会社の代表等）並びに第三百八十八条（費用等の請求）の規定は、特定目的会社の監査役について準用する。この場合において、同法第三百八十四条中「株主総会」とあるのは「社員総会」と、同条及び同法第三百八十五条第一項中「法令若しくは定款」とあるのは「法令、資産流動化計画若しくは定款」と、同法第三百八十六条第一項中「第三百四十九条第四項、第三百五十三条及び第三百六十四条」とあり、及び同条第二項中「第三百四十九条第四項」とあるのは「資産流動化法第七十九条第四項において準用する第三百四十九条第四項」と、同項第一号中「第八百四十七条第一項、第八百四十七条の二第一項若しくは第三項（同条第四項及び第五項において準用する場合を含む。）又は第八百四十七条の三第一項」とあるのは「資産流動化法第九十七条第一項又は資産流動化法第二十五条第四項、第三十六条第十項若しくは第百十九条第二項において準用する第八百四十七条第一項」と、同項第二号中「第八百四十九条第四項」とあるのは「資産流動化法第二十五条第四項、第三十六条第十項、第九十七条第二項又は第百十九条第二項において準用する第八百四十九条第四項」と、「第八百五十条第二項」とあるのは「資産流動化法第二十五条第四項、第三十六条第十項、第九十七条第二項又は第百十九条第二項において準用する第八百五十条第二項」と読み替えるものとする。
en-us	Article 90 The provisions of Article 384 (Duty to Report to Shareholders Meeting); Article 385 (Enjoinment of Acts of Directors by Company Auditors); Article 386, paragraph (1) (but only the part that involves item (i)) and paragraph (2) (but only the part that involves items (i) and (ii)) (Representation of Company in Actions between Company with Auditors and Directors); and Article 388 (Requests for Indemnification of Expenses) of the Companies Act apply mutatis mutandis to the company auditor of a specified purpose company. In such a case, the term "shareholders meeting" in Article 384 of that Act is deemed to be replaced with "general meeting of members"; the term "laws and regulations or the articles of incorporation" in Article 384 and Article 385, paragraph (1) of that Act is deemed to be replaced with "laws and regulations, the asset securitization plan, or the articles of incorporation"; the terms "Article 349, paragraph (4), Article 353 and Article 364" in Article 386, paragraph (1) of that Act and "Article 349, paragraph (4)" in Article 386, paragraph (2) of that Act are deemed to be replaced with "Article 349, paragraph (4) of the Companies Act as applied mutatis mutandis pursuant to Article 79, paragraph (4) of the Asset Securitization Act"; the phrase "Article 847, paragraph (1), Article 847-2, paragraph (1) or (3) (including as applied mutatis mutandis pursuant to paragraphs (4) and (5) of that Article), or Article 847-3, paragraph (1)" in Article 386, paragraph (2), item (i) of the Companies Act is deemed to be replaced with "Article 97, paragraph (1) of the Asset Securitization Act or Article 847, paragraph (1) as applied mutatis mutandis pursuant to Article 25, paragraph (4), Article 36, paragraph (10), or Article 119, paragraph (2) of the Asset Securitization Act"; and the terms "Article 849, paragraph (4)" and "Article 850, paragraph (2)" in Article 386, paragraph (2), item (ii) of the Companies Act are deemed to be replaced with " Article 849, paragraph (4) of the Companies Act as applied mutatis mutandis pursuant to Article 25, paragraph (4), Article 36, paragraph (10), Article 97, paragraph (2), or Article 119, paragraph (2) of the Asset Securitization Act" and "Article 850, paragraph (2) of the Companies Act as applied mutatis mutandis pursuant to Article 25, paragraph (4), Article 36, paragraph (10), Article 97, paragraph (2), or Article 119, paragraph (2) of the Asset Securitization Act", respectively.

ja-jp	第七款　会計監査人
en-us	Subsection 7 Accounting Auditors

ja-jp	（会計監査人の権限等）
en-us	(Authority of Accounting Auditors)

ja-jp	第九十一条　会計監査人は、次節第三款の定めるところにより、特定目的会社の計算書類及びその附属明細書を監査する。この場合において、会計監査人は、内閣府令で定めるところにより、会計監査報告を作成しなければならない。
en-us	Article 91 (1) An accounting auditor audits the financial statements of a specified purpose company and their annexed detailed statements pursuant to the provisions of Subsection 3 of the following Section. In doing so, the accounting auditor must prepare financial audit reports pursuant to Cabinet Office Order provisions.

ja-jp	２　会計監査人は、いつでも、次に掲げるものの閲覧及び謄写をし、又は取締役及び会計参与並びに使用人に対し、会計に関する報告を求めることができる。
en-us	(2) An accounting auditor may inspect and copy the following things or request reports on accounting from directors, accounting advisors, and employees, at any time:

ja-jp	一　会計帳簿又はこれに関する資料が書面をもって作成されているときは、当該書面
en-us	(i) if accounting books and related materials have been prepared as documents, those documents; and

ja-jp	二　会計帳簿又はこれに関する資料が電磁的記録をもって作成されているときは、当該電磁的記録に記録された事項を内閣府令で定める方法により表示したもの
en-us	(ii) if accounting books and related materials have been prepared as electronic or magnetic records, something that has been made to show the information recorded in those electronic or magnetic records through the means that Cabinet Office Order prescribes.

ja-jp	３　会計監査人は、その職務を行うため必要があるときは、特定目的会社の業務及び財産の状況の調査をすることができる。
en-us	(3) If it is necessary to do so in order for an accounting auditor to carry out their duties, an accounting auditor may investigate the status of business and assets of the specified purpose company.

ja-jp	４　会計監査人は、その職務を行うに当たっては、次のいずれかに該当する者を使用してはならない。
en-us	(4) An accounting auditor must not employ a person falling under one of the following items in carrying out their duties:

ja-jp	一　第七十三条第三項第一号又は第二号に掲げる者
en-us	(i) a person as set forth in Article 73, paragraph (3), item (i) or (ii);

ja-jp	二　特定目的会社又は特定資産譲渡人等の取締役、会計参与、監査役、執行役又は使用人である者
en-us	(ii) a person who is a director, an accounting advisor, a company auditor, an executive officer, or an employee of a specified purpose company or transferor or trustee of specified assets; or

ja-jp	三　特定目的会社又は特定資産譲渡人等から公認会計士又は監査法人の業務以外の業務により継続的な報酬を受けている者
en-us	(iii) a person that continuously receives remuneration from a specified purpose company or transferor or trustee of specified assets for services other than those of a certified public accountant or audit corporation.

ja-jp	（監査役に対する報告）
en-us	(Reports to Company Auditors)

ja-jp	第九十二条　会計監査人は、その職務を行うに際して取締役の職務の執行に関し不正の行為又は法令、資産流動化計画若しくは定款に違反する重大な事実があることを発見したときは、遅滞なく、これを監査役に報告しなければならない。
en-us	Article 92 (1) If an accounting auditor, in the course of carrying out duties, discovers the presence of misconduct or a material fact in connection to violation of laws and regulations, the asset securitization plan, or the articles of incorporation in the performance of a director's duties, the accounting auditor must report this to the company auditor without delay.

ja-jp	２　監査役は、その職務を行うため必要があるときは、会計監査人に対し、その監査に関する報告を求めることができる。
en-us	(2) If it is necessary for a company auditor to do so in order to carry out their duties, the company auditor may ask the accounting auditor to report on their audit.

ja-jp	（会計監査人等についての会社法の準用）
en-us	(Application, Mutatis Mutandis, of the Companies Act to Accounting Auditors)

ja-jp	第九十三条　会社法第三百九十八条第一項及び第二項（定時株主総会における会計監査人の意見の陳述）の規定は特定目的会社の会計監査人について、同法第三百九十九条第一項（会計監査人の報酬等の決定に関する監査役の関与）の規定は特定目的会社の会計監査人及び一時会計監査人の職務を行うべき者について、それぞれ準用する。この場合において、同法第三百九十八条第一項中「第三百九十六条第一項」とあるのは「資産流動化法第九十一条第一項」と、「法令又は定款」とあるのは「法令、資産流動化計画又は定款」と、同項及び同条第二項中「定時株主総会」とあるのは「定時社員総会」と読み替えるものとする。
en-us	Article 93 The provisions of Article 398, paragraphs (1) and (2) (Statement of Opinions at Annual Shareholders Meeting) of the Companies Act apply mutatis mutandis to the accounting auditors of a specified purpose company; and the provisions of Article 399, paragraph (1) (Involvement of Company Auditors in Decision on Remuneration for Accounting Auditors) of that Act apply mutatis mutandis to the accounting auditors and the persons who are to temporarily act as the accounting auditors of a specified purpose company. In such a case, the terms "Article 396, paragraph (1)" and "laws and regulations or the articles of incorporation" in Article 398, paragraph (1) of that Act are deemed to be replaced with "Article 91, paragraph (1) of the Asset Securitization Act" and "laws and regulations, the asset securitization plan, or the articles of incorporation", respectively; and the term "annual shareholders meeting" in Article 398, paragraphs (1) and (2) of the Companies Act is deemed to be replaced with "annual general meeting of members".

ja-jp	第八款　役員等の損害賠償責任
en-us	Subsection 8 Officers' Liability for Damages

ja-jp	（役員等の特定目的会社に対する損害賠償責任）
en-us	(Officers' Liability for Damages to Specified Purpose Companies)

ja-jp	第九十四条　取締役、会計参与、監査役又は会計監査人（以下この款において「役員等」という。）は、その任務を怠ったときは、特定目的会社に対し、これによって生じた損害を賠償する責任を負う。
en-us	Article 94 (1) If a director, an accounting advisor, a company auditor, or an accounting auditor (hereinafter referred to as an "officer, etc." in this Subsection) neglects their duties, the officer, etc. is liable to compensate the specified purpose company for damage resulting from this.

ja-jp	２　取締役が第八十条第一項の規定に違反して同項第一号の取引をしたときは、当該取引によって取締役又は第三者が得た利益の額は、前項の損害の額と推定する。
en-us	(2) If a director engages in the transactions referred to in Article 80, paragraph (1), item (i) in violation of Article 80, paragraph (1), the amount of the profit gained by the director or a third party as a result of the transactions is presumed to be the amount of the damage referred to in the preceding paragraph.

ja-jp	３　第八十条第一項第二号又は第三号の取引によって特定目的会社に損害が生じたときは、次に掲げる取締役は、その任務を怠ったものと推定する。
en-us	(3) If a specified purpose company incurs damage as a result of the transactions referred to in Article 80, paragraph (1), item (ii) or (iii), the following directors are presumed to have neglected their duties:

ja-jp	一　第八十条第一項の取締役
en-us	(i) the director referred to in Article 80, paragraph (1); and

ja-jp	二　特定目的会社が当該取引をすることを決定した取締役
en-us	(ii) the director that decided that the specified purpose company is to engage in the transactions.

ja-jp	４　第一項の責任は、総社員の同意がなければ、免除することができない。
en-us	(4) Exemptions from the liability referred to in paragraph (1) may not be granted without the consent of all members.

ja-jp	５　第八十条第一項第二号の取引（自己のためにした取引に限る。）をした取締役の第一項の責任は、任務を怠ったことが当該取締役の責めに帰することができない事由によるものであることをもって免れることができない。
en-us	(5) Even if a director's neglect of duties is due to grounds not attributable to the director, this may not be used to exempt the director that has engaged in the transactions referred to in Article 80, paragraph (1), item (ii) (but only transactions engaged in for a personal benefit) from the liability referred to in paragraph (1).

ja-jp	（役員等の第三者に対する損害賠償責任）
en-us	(Officers' Liability for Damages to Third Parties)

ja-jp	第九十五条　役員等がその職務を行うについて悪意又は重大な過失があったときは、当該役員等は、これによって第三者に生じた損害を賠償する責任を負う。
en-us	Article 95 (1) If an officer, etc. has acted in bad faith or with gross negligence in carrying out their duties, the officer, etc. is liable to compensate third parties for damage resulting from this.

ja-jp	２　次の各号に掲げる者が、当該各号に定める行為をしたときも、前項と同様とする。ただし、その者が当該行為をすることについて注意を怠らなかったことを証明した場合は、この限りでない。
en-us	(2) The provisions of the preceding paragraph also apply if a person as set forth in one of the following items performs an act that the item prescribes; provided, however, that this does not apply if the person proves that they did not neglect to exercise due care in performing the act:

ja-jp	一　取締役　次に掲げる行為
en-us	(i) a director: the following act:

ja-jp	イ　特定出資、優先出資若しくは特定社債を引き受ける者の募集をする際に通知しなければならない重要な事項についての虚偽の通知又は当該募集のための当該特定目的会社の事業その他の事項に関する説明に用いた資料についての虚偽の記載若しくは記録
en-us	(a) falsely notifying a person of material information regarding which the director must notify persons when soliciting them to subscribe for specified equity, preferred equity, or specified bonds; or making false entries or records in the materials that are used to explain the business of the specified purpose company or other information about the company when soliciting them;

ja-jp	ロ　計算書類及び事業報告並びにこれらの附属明細書に記載し、又は記録すべき重要な事項についての虚偽の記載又は記録
en-us	(b) making false entries or records for material information that is required to be entered or recorded in financial statements, business reports, or their annexed detailed statements;

ja-jp	ハ　虚偽の登記
en-us	(c) making a false registration; or

ja-jp	ニ　虚偽の公告（第百四条第七項に規定する措置を含む。）
en-us	(d) issuing false public notice (including the measures prescribed in Article 104, paragraph (7)).

ja-jp	二　会計参与　計算書類及びその附属明細書並びに会計参与報告に記載し、又は記録すべき重要な事項についての虚偽の記載又は記録
en-us	(ii) an accounting advisor: making false entries or records for material information that is required to be entered or recorded in financial statements or their annexed detailed statements or in the accounting advisor's reports;

ja-jp	三　監査役　監査報告に記載し、又は記録すべき重要な事項についての虚偽の記載又は記録
en-us	(iii) a company auditor: making false entries or records for material information that is required to be entered or recorded in audit reports; and

ja-jp	四　会計監査人　会計監査報告に記載し、又は記録すべき重要な事項についての虚偽の記載又は記録
en-us	(iv) an accounting auditor: making false entries or records for material information that is required to be entered or recorded in financial audit reports.

ja-jp	（役員等の連帯責任）
en-us	(Joint and Several Liability of Officers)

ja-jp	第九十六条　役員等が特定目的会社又は第三者に生じた損害を賠償する責任を負う場合において、他の役員等も当該損害を賠償する責任を負うときは、これらの者は、連帯債務者とする。
en-us	Article 96 If an officer, etc. is liable to compensate a specified purpose company or a third party for damages incurred by them, and another officer, etc. is also liable for the damages, those persons are joint and several obligors.

ja-jp	（会社法の準用）
en-us	(Application Mutatis Mutandis of Companies Act)

ja-jp	第九十六条の二　会社法第四百三十条の二（第四項及び第五項を除く。）（補償契約）及び第四百三十条の三（役員等のために締結される保険契約）の規定は、特定目的会社の役員等について準用する。この場合において、これらの規定中「株主総会（取締役会設置会社にあっては、取締役会）」とあるのは「社員総会」と、同法第四百三十条の二第二項第二号中「第四百二十三条第一項」とあるのは「資産流動化法第九十四条第一項」と、同条第六項中「第三百五十六条第一項及び第三百六十五条第二項（これらの規定を第四百十九条第二項において準用する場合を含む。）、第四百二十三条第三項並びに第四百二十八条第一項」とあるのは「資産流動化法第八十条第一項並びに第九十四条第三項及び第五項」と、同法第四百三十条の三第二項中「第三百五十六条第一項及び第三百六十五条第二項（これらの規定を第四百十九条第二項において準用する場合を含む。）並びに第四百二十三条第三項」とあるのは「資産流動化法第八十条第一項及び第九十四条第三項」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。
en-us	Article 96-2 The provisions of Article 430-2 (Indemnity Agreements)(excluding paragraphs (4) and (5)) and Article 430-3 (Insurance Policies Concluded for the Benefit of Officers) of the Companies Act apply mutatis mutandis to officers, etc. of a specified purpose company. In this case, the phrase "shareholders meeting (or at the board of directors meeting for a company with board of directors)" in these provisions is deemed to be replaced with "general meeting of members"; the term "Article 423, paragraph (1)" in Article 430-2, paragraph (2), item (ii) of that Act is deemed to be replaced with "Article 94, paragraph (1) of the Asset Securitization Act"; the phrase "Article 356, paragraph (1), Article 365-2, paragraph (2) (including when these provisions are applied mutatis mutandis pursuant to Article 419, paragraph (2)), Article 423, paragraph (3), and Article 428, paragraph (1)" in paragraph (6) of that Article is deemed to be replaced with "Article 80, paragraph (1) and Article 94, paragraphs (3) and (5) of the Asset Securitization Act"; the phrase "Article 356, paragraph (1), Article 365, paragraph (2) (including when these provisions are applied mutatis mutandis pursuant to Article 419, paragraph (2)) and Article 423, paragraph (3)" in Article 430-3, paragraph (2) of that Act is deemed to be replaced with "Article 80, paragraph (1) and Article 94, paragraph (3) of the Asset Securitization Act"; and and Cabinet Order provides for any other necessary technical replacement of terms.

ja-jp	（責任追及の訴え）
en-us	(Actions to Enforce Liability)

ja-jp	第九十七条　特定社員又は六箇月（これを下回る期間を定款で定めた場合にあっては、その期間）前から引き続き優先出資を有する優先出資社員は、特定目的会社に対し、書面その他の内閣府令で定める方法により、役員等の責任を追及する訴え（以下この条において「責任追及の訴え」という。）の提起を請求することができる。ただし、責任追及の訴えが当該社員若しくは第三者の不正な利益を図り又は当該特定目的会社に損害を加えることを目的とする場合は、この限りでない。
en-us	Article 97 (1) A specified equity member or preferred equity member that has held preferred equity continuously for the preceding six months (or, if a shorter period is provided for in the articles of incorporation, that period) may request that the specified purpose company file an action to enforce the liability of an officer, etc. (hereinafter referred to as an "action to enforce liability" in this Article) in writing or by any other means that Cabinet Office Order prescribes; provided, however, that this does not apply to actions to enforce liability filed to seek unlawful benefits of the member or a third party or to inflict damage on the specified purpose company.

ja-jp	２　会社法第八百四十七条第三項から第五項まで（株主による責任追及等の訴え）、第八百四十七条の四（責任追及等の訴えに係る訴訟費用等）及び第八百四十八条から第八百五十三条まで（第八百四十九条第二項、第三項及び第六項から第十一項まで、第八百四十九条の二、第八百五十一条並びに第八百五十三条第一項第二号及び第三号を除く。）（訴えの管轄、訴訟参加、和解、費用等の請求、再審の訴え）の規定は、特定目的会社における責任追及の訴えについて準用する。この場合において、同法第八百四十七条第三項中「株主」とあるのは「特定社員又は優先出資社員」と、同条第四項中「株主」とあるのは「特定社員若しくは優先出資社員」と、同条第五項中「株主」とあるのは「特定社員又は優先出資社員」と、同法第八百四十七条の四第二項中「株主等（株主、適格旧株主又は最終完全親会社等の株主をいう。以下この節において同じ。）」とあるのは「特定社員又は優先出資社員」と、「当該株主等」とあるのは「当該特定社員又は優先出資社員」と、同法第八百四十九条第一項中「株主等」とあるのは「特定社員若しくは優先出資社員」と、同条第四項中「株主等」とあるのは「特定社員又は優先出資社員」と、同条第五項中「公告し、又は株主」とあるのは「特定社員に通知し、かつ第二種特定目的会社にあっては、その旨を公告し、又は優先出資社員」と、同法第八百五十条第三項及び第八百五十二条中「株主等」とあるのは「特定社員又は優先出資社員」と、同法第八百五十三条第一項第一号中「株主」とあるのは「特定社員若しくは優先出資社員」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。
en-us	(2) The provisions of Article 847, paragraphs (3) through (5) (Action to Enforce Liability by Shareholders); Article 847-4 (Court Costs for an Action to Enforce Liability); and Articles 848 through 853 (excluding Article 849, paragraph (2), paragraph (3), and paragraphs (6) through (11); Article 849-2; Article 851; and Article 853, paragraph (1), items (ii) and (iii)) (Jurisdiction of an Action, Intervention, Settlement, Claim for Costs, Action for Retrial) of the Companies Act apply mutatis mutandis to actions to enforce liability filed by a specified purpose company. In such a case, the term "shareholder" in Article 847, paragraph (3) of that Act is deemed to be replaced with "specified equity member or preferred equity member"; the term "shareholder" in paragraph (4) of that Article is deemed to be replaced with "specified equity member or preferred equity member"; the term "shareholder" in paragraph (5) of that Article is deemed to be replaced with "specified equity member or preferred equity member"; the term "shareholder, etc. (meaning a shareholder, a qualified former shareholder or a shareholder of an ultimate, wholly owning parent company, etc.; hereinafter the same applies in this Section)" in Article 847-4, paragraph (2) of that Act is deemed to be replaced with "specified equity member or preferred equity member"; the term "the shareholder, etc." in that paragraph is deemed to be replaced with "that specified equity member or preferred equity member"; the term "shareholder, etc." in Article 849, paragraph (1) of that Act is deemed to be replaced with "specified equity member or preferred equity member"; the term "shareholder, etc." in paragraph (4) of that Article is deemed to be replaced with "specified equity member or preferred equity member"; the phrase "give public notice to that effect or give notice thereof to its shareholders" in paragraph (5) of that Article is deemed to be replaced with "notify its specified equity members of this, and in the case of a Type II Specified Purpose Company, issue public notice of this or notify its preferred equity members of this"; the term "shareholders, etc." in Article 850, paragraph (3) of that Act is deemed to be replaced with "specified equity members or preferred equity members"; the term "shareholder, etc." in Article 852 of that Act is deemed to be replaced with "specified equity member or preferred equity member"; the term "shareholder" in Article 853, paragraph (1), item (i) of that Act is deemed to be replaced with "specified equity member or preferred equity member"; and Cabinet Order provides for any other necessary technical replacement of terms.

ja-jp	３　特定目的会社が、取締役若しくは清算人又はこれらの者であった者を補助するため、責任追及の訴えに係る訴訟に参加するには、特定社員の全員の同意を得なければならない。
en-us	(3) In order for a specified purpose company to participate in litigation in an action to enforce liability in order to assist a director, a liquidator, or a person formerly in those positions, the specified purpose company must obtain the consent of all of the specified equity members.

ja-jp	４　特定目的会社が、取締役若しくは清算人又はこれらの者であった者の責任を追及する訴えに係る訴訟における和解をするには、特定社員の全員の同意を得なければならない。
en-us	(4) In order for a specified purpose company to settle a litigation in an action to enforce liability of a director, a liquidator, or a person formerly in those positions, the specified purpose company must obtain the consent of all of the specified equity members.

ja-jp	第五節　計算等
en-us	Section 5 Accounting

ja-jp	第一款　会計の原則
en-us	Subsection 1 Accounting Principles

ja-jp	第九十八条　特定目的会社の会計は、一般に公正妥当と認められる企業会計の慣行に従うものとする。
en-us	Article 98 The accounting of a specified purpose company is to be subject to business accounting practices that are generally accepted as fair and appropriate.

ja-jp	第二款　会計帳簿
en-us	Subsection 2 Accounting Books

ja-jp	（会計帳簿の作成及び保存）
en-us	(Preparing and Preserving Accounting Books)

ja-jp	第九十九条　特定目的会社は、内閣府令で定めるところにより、適時に、正確な会計帳簿を作成しなければならない。
en-us	Article 99 (1) A specified purpose company must prepare accurate accounting books in a timely manner, pursuant to Cabinet Office Order provisions.

ja-jp	２　特定目的会社は、会計帳簿の閉鎖の時から十年間、その会計帳簿及びその事業に関する重要な資料を保存しなければならない。
en-us	(2) A specified purpose company must preserve its accounting books and significant materials concerning its business for ten years from the time of closing the accounting books.

ja-jp	（会計帳簿の閲覧等の請求）
en-us	(Requests to Inspect Accounting Books)

ja-jp	第百条　総特定社員（社員総会において決議をすることができる事項の全部につき議決権を行使することができない特定社員を除く。）の議決権の百分の三（これを下回る割合を定款で定めた場合にあっては、その割合）以上の議決権を有する特定社員若しくは総優先出資社員（社員総会において決議をすることができる事項の全部につき議決権を行使することができない優先出資社員を除く。）の議決権の百分の三（これを下回る割合を定款で定めた場合にあっては、その割合）以上の議決権を有する優先出資社員又は特定出資（自己特定出資を除く。）の総口数の百分の三（これを下回る割合を定款で定めた場合にあっては、その割合）以上の口数の特定出資を有する特定社員若しくは発行済優先出資（自己優先出資を除く。）の百分の三（これを下回る割合を定款で定めた場合にあっては、その割合）以上の口数の優先出資を有する優先出資社員は、特定目的会社の営業時間内は、いつでも、次に掲げる請求をすることができる。この場合においては、当該請求の理由を明らかにしてしなければならない。
en-us	Article 100 (1) A specified equity member holding voting rights that account for three percent (or, if a smaller percentage is provided for in the articles of incorporation, that percentage) or more of the voting rights of all specified equity members (other than specified equity members not entitled to vote on all of the matters that may be resolved at a general meeting of members), a preferred equity member holding voting rights that account for three percent (or, if a smaller percentage is provided for in the articles of incorporation, that percentage) or more of the voting rights of all preferred equity members (other than preferred equity members not entitled to vote on all of the matters that may be resolved at a general meeting of members), a specified equity member holding a number of units of specified equity that accounts for three percent (or, if a smaller percentage is provided for in the articles of incorporation, that percentage) or more of the total number of units of specified equity (other than the company's own specified equity), or a preferred equity member holding a number of units of preferred equity that accounts for three percent (or, if a smaller percentage is provided for in the articles of incorporation, that percentage) or more of the issued preferred equity (other than the company's own preferred equity) may make the following requests at any time during the business hours of the specified purpose company. In such a case, the member must disclose the reason for the request:

ja-jp	一　会計帳簿又はこれに関する資料が書面をもって作成されているときは、当該書面の閲覧又は謄写の請求
en-us	(i) if accounting books or related materials have been prepared as documents, a request to inspect or copy those documents; or

ja-jp	二　会計帳簿又はこれに関する資料が電磁的記録をもって作成されているときは、当該電磁的記録に記録された事項を内閣府令で定める方法により表示したものの閲覧又は謄写の請求
en-us	(ii) if accounting books or related materials have been prepared as an electronic or magnetic record, a request to inspect or copy something that has been made to show the information recorded in the electronic or magnetic record through the means that Cabinet Office Order prescribes.

ja-jp	２　会社法第四百三十三条第二項（会計帳簿の閲覧等の請求）の規定は、特定目的会社について準用する。この場合において、同項第一号及び第二号中「株主」とあるのは、「社員」と読み替えるものとする。
en-us	(2) The provisions of Article 433, paragraph (2) (Request to Inspect Account Books) of the Companies Act apply mutatis mutandis to a specified purpose company. In such a case, the term "shareholder" in Article 433, paragraph (2), items (i) and (ii) of that Act is deemed to be replaced with "member".

ja-jp	（会計帳簿の提出命令）
en-us	(Orders to Submit Accounting Books)

ja-jp	第百一条　裁判所は、申立てにより又は職権で、訴訟の当事者に対し、会計帳簿の全部又は一部の提出を命ずることができる。
en-us	Article 101 The court may order the parties to an action to submit their accounting books in whole or in part, upon petition or by its own authority.

ja-jp	第三款　計算書類等
en-us	Subsection 3 Financial Statements

ja-jp	（計算書類等の作成、保存及び監査）
en-us	(Preparing, Preserving, and Auditing Financial Statements)

ja-jp	第百二条　特定目的会社は、内閣府令で定めるところにより、その成立の日における貸借対照表を作成しなければならない。
en-us	Article 102 (1) A specified purpose company must prepare a balance sheet as of the date of its establishment, pursuant to Cabinet Office Order provisions.

ja-jp	２　特定目的会社は、内閣府令で定めるところにより、各事業年度に係る計算書類（貸借対照表、損益計算書その他特定目的会社の財産及び損益の状況を示すために必要かつ適当なものとして内閣府令で定めるものをいう。以下この款並びに第百十一条第二項第二号及び第百十八条において同じ。）、事業報告及び利益の処分又は損失の処理に関する議案（以下この款において「利益処分案」という。）並びにこれらの附属明細書を作成しなければならない。
en-us	(2) Pursuant to Cabinet Office Order provisions, a specified purpose company must prepare financial statements (meaning balance sheets, profit and loss statements, and statements that Cabinet Office Order prescribes as being necessary and appropriate for showing the state of the specified purpose company's assets and its profits and losses; hereinafter the same applies in this Subsection, Article 111, paragraph (2), item (ii) and Article 118) and a business report for each business year, a proposal on the appropriation of profits or handling of losses (hereinafter referred to as a "profit appropriation proposal" in this Subsection), and their annexed detailed statements.

ja-jp	３　計算書類、事業報告及び利益処分案並びにこれらの附属明細書は、電磁的記録をもって作成することができる。
en-us	(3) Financial statements, business reports, profit appropriation proposals, and their annexed detailed statements may be prepared as electronic or magnetic records.

ja-jp	４　特定目的会社は、計算書類を作成した時から十年間、当該計算書類及びその附属明細書を保存しなければならない。
en-us	(4) A specified purpose company must preserve its financial statements and their annexed detailed statements for ten years from the date on which the financial statements were prepared.

ja-jp	５　会計監査人設置会社においては、次の各号に掲げるものは、内閣府令で定めるところにより、当該各号に定める者の監査を受けなければならない。
en-us	(5) At a company with accounting auditors, the documents set forth in the following items must be audited by the person that the item prescribes, pursuant to Cabinet Office Order provisions:

ja-jp	一　第二項の計算書類及びその附属明細書　監査役及び会計監査人
en-us	(i) the financial statements referred to in paragraph (2) and their annexed detailed statements: the company auditors and accounting auditors; and

ja-jp	二　第二項の事業報告及びその附属明細書　監査役
en-us	(ii) the business report referred to in paragraph (2) and their annexed detailed statements: the company auditors.

ja-jp	６　会計監査人設置会社でない特定目的会社においては、第二項の計算書類及び事業報告並びにこれらの附属明細書は、内閣府令で定めるところにより、監査役の監査を受けなければならない。
en-us	(6) A specified purpose company that is not a company with accounting auditors must have the financial statements and business report referred to in paragraph (2) and their annexed detailed statements audited by the company auditors pursuant to Cabinet Office Order provisions.

ja-jp	（計算書類等の社員への提供）
en-us	(Providing Financial Statements to Members)

ja-jp	第百三条　会計監査人設置会社の取締役は、定時社員総会の招集の通知に際して、内閣府令で定めるところにより、社員に対し、前条第五項の監査を受けた計算書類、事業報告及び利益処分案並びに監査報告及び会計監査報告を提供しなければならない。ただし、次条第二項の承認につき議決権を有しない者に対し第五十六条第一項の規定により招集の通知が発せられる場合における当該招集の通知については、この限りでない。
en-us	Article 103 (1) When issuing a notice of convocation for an annual general meeting of members, the director of a company with accounting auditors must provide the members with the financial statements, business report, and the the profit appropriation proposal which have been audited as referred to in paragraph (5) of the preceding Article, as well as the audit report and the financial audit report, pursuant to Cabinet Office Order provisions; provided, however, that this does not apply to a notice of convocation that is sent pursuant to the provisions of Article 56, paragraph (1) to persons not entitled to vote on the approval referred to in paragraph (2) of the following Article.

ja-jp	２　前項本文の規定は、会計監査人設置会社でない特定目的会社について準用する。この場合において、同項本文中「前条第五項」とあるのは「前条第六項」と、「並びに監査報告及び会計監査報告」とあるのは「及び監査報告」と読み替えるものとする。
en-us	(2) The provisions of the main text of the preceding paragraph apply mutatis mutandis to a specified purpose company that is not a company with accounting auditors. In such a case, the terms "paragraph (5) of the preceding Article" and "as well as the audit report and the financial audit report" in the main text of the preceding paragraph are deemed to be replaced with "paragraph (6) of the preceding Article" and "as well as the audit report", respectively.

ja-jp	（計算書類等の定時社員総会への提出等）
en-us	(Submission of Financial Statements at Annual General Meetings of Members)

ja-jp	第百四条　取締役は、第百二条第五項又は第六項の監査を受けた計算書類、事業報告及び利益処分案を定時社員総会に提出し、又は提供しなければならない。
en-us	Article 104 (1) The director must submit or provide the financial statements, the business report, and the profit appropriation proposal that have been audited as referred to in Article 102, paragraph (5) or (6) at the annual general meeting of members.

ja-jp	２　前項の規定により提出され、又は提供された計算書類及び利益処分案は、定時社員総会の決議による承認を受けなければならない。
en-us	(2) The financial statements and profit appropriation proposal submitted or provided pursuant to the provisions of the preceding paragraph must be approved by resolution at an annual general meeting of members.

ja-jp	３　取締役は、第一項の規定により提出され、又は提供された事業報告の内容を定時社員総会に報告しなければならない。
en-us	(3) The director must report the details of the business reports submitted or provided pursuant to the provisions of paragraph (1) at the annual general meeting of members.

ja-jp	４　会計監査人設置会社については、第百二条第五項の監査を受けた計算書類が法令、資産流動化計画及び定款に従い特定目的会社の財産及び損益の状況を正しく表示しているものとして内閣府令で定める要件に該当する場合には、当該計算書類については、第二項の規定は、適用しない。この場合においては、取締役は、当該計算書類の内容を定時社員総会に報告しなければならない。
en-us	(4) For a company with accounting auditors, if the financial statements audited pursuant to Article 102, paragraph (5) satisfy the requirements that Cabinet Office Order prescribes as accurately indicating the state of a specified purpose company's assets, and its profits and losses in compliance with laws and regulations, the asset securitization plan, and the articles of incorporation, the provisions of paragraph (2) do not apply to those financial statements. In such a case, the director must report the details of the financial statements at the annual general meeting of members.

ja-jp	５　特定目的会社は、内閣府令で定めるところにより、定時社員総会の終結後遅滞なく、貸借対照表及び損益計算書（会計監査人設置会社でない特定目的会社にあっては、貸借対照表）を公告しなければならない。
en-us	(5) A specified purpose company must issue public notice of the balance sheet and profit and loss statement (for a specified purpose company that is not a company with accounting auditors, the balance sheet) without delay after the conclusion of the annual general meeting of members, pursuant to Cabinet Office Order provisions.

ja-jp	６　前項の規定にかかわらず、その公告方法が第百九十四条第一項第一号又は第二号に掲げる方法である特定目的会社は、前項に規定する貸借対照表及び損益計算書の要旨を公告することで足りる。
en-us	(6) Notwithstanding the provisions of the preceding paragraph, it is sufficient for a specified purpose company whose means of public notice is the means referred to in Article 194, paragraph (1), item (i) or (ii) to issue public notice of a summary of the balance sheet and profit and loss statement prescribed in the preceding paragraph.

ja-jp	７　前項の特定目的会社は、内閣府令で定めるところにより、定時社員総会の終結後遅滞なく、第五項に規定する貸借対照表及び損益計算書の内容である情報を、定時社員総会の終結の日後五年を経過する日までの間、継続して電磁的方法により不特定多数の者が提供を受けることができる状態に置く措置をとることができる。この場合においては、前二項の規定は、適用しない。
en-us	(7) A specified purpose company referred to in the preceding paragraph may, without delay after the conclusion of the annual general meeting of members, take measures to put the information contained in the balance sheet and profit and loss statement referred to in paragraph (5) into a format that enables many and unspecified persons to have continuous access to the information through electronic or magnetic means until the day on which five years have elapsed from the day of conclusion of the annual general meeting of members, pursuant to Cabinet Office Order provisions. In such a case, the provisions of the preceding two paragraphs do not apply.

ja-jp	８　金融商品取引法第二十四条第五項の規定により有価証券報告書を内閣総理大臣に提出しなければならない特定目的会社については、前三項の規定は、適用しない。
en-us	(8) The provisions of the preceding three paragraphs do not apply to a specified purpose company that must submit an annual securities report to the Prime Minister pursuant to the provisions of Article 24, paragraph (5) of the Financial Instruments and Exchange Act.

ja-jp	（計算書類等の備置き及び閲覧等）
en-us	(Keeping and Inspection of Financial Statements and Associated Documents)

ja-jp	第百五条　会計監査人設置会社は、各事業年度に係る計算書類、事業報告及び利益処分案並びにこれらの附属明細書（監査報告及び会計監査報告を含む。次項において「計算書類等」という。）を、定時社員総会の日の一週間前の日（第六十三条第一項の場合にあっては、同項の提案があった日）から五年間、その本店に備え置かなければならない。
en-us	Article 105 (1) A company with accounting auditors must keep the financial statements, business report, profit appropriation proposal, and their annexed detailed statements for each business year (including the audit report and financial audit report; these documents are referred to as "financial statements and associated documents" in the following paragraph), at its head office for five years, beginning on the day one week prior to the date of the annual general meeting of members (in the case referred to in Article 63, paragraph (1), the date on which the proposal referred to in Article 63, paragraph (1) was made).

ja-jp	２　会計監査人設置会社は、計算書類等の写しを、定時社員総会の日の一週間前の日（第六十三条第一項の場合にあっては、同項の提案があった日）から三年間、その支店に備え置かなければならない。ただし、計算書類等が電磁的記録で作成されている場合であって、支店における第四項において準用する会社法第四百四十二条第三項第三号及び第四号に掲げる請求に応じることを可能とするための措置として内閣府令で定めるものをとっているときは、この限りでない。
en-us	(2) A company with accounting auditors must keep a copy of the financial statements and associated documents at its branch offices for three years, beginning on the day one week prior to the date of the annual general meeting of members (in the case referred to in Article 63, paragraph (1), the date on which the proposal referred to in Article 63, paragraph (1) was made); provided, however, that this does not apply if the financial statements and associated documents have been prepared as electronic or magnetic records and the company has taken the measures specified by Cabinet Office Order to enable its branch offices to respond to the requests set forth in Article 442, paragraph (3), items (iii) and (iv) of the Companies Act as applied mutatis mutandis pursuant to paragraph (4).

ja-jp	３　前二項の規定は、会計監査人設置会社でない特定目的会社に係る計算書類、事業報告、利益処分案及びこれらの附属明細書並びに監査報告について準用する。この場合において、第一項中「監査報告及び会計監査報告」とあるのは、「監査報告」と読み替えるものとする。
en-us	(3) The preceding two paragraphs apply mutatis mutandis to the financial statements, business reports, profit appropriation proposals, annexed detailed statements, and audit reports of a specified purpose company that is not a company with accounting auditors. In such a case, the term "the audit report and financial audit report" in paragraph (1) is deemed to be replaced with "the audit report".

ja-jp	４　会社法第四百四十二条第三項（計算書類等の備置き及び閲覧等）の規定は、特定目的会社の社員及び債権者について準用する。
en-us	(4) The provisions of Article 442, paragraph (3) (Keeping and Inspection of Financial Statements) of the Companies Act apply mutatis mutandis to the members and creditors of a specified purpose company.

ja-jp	（計算書類等の提出命令）
en-us	(Order to Submit Financial Statements and Associated Documents)

ja-jp	第百六条　裁判所は、申立てにより又は職権で、訴訟の当事者に対し、計算書類及びその附属明細書の全部又は一部の提出を命ずることができる。
en-us	Article 106 The court may order the parties to an action to submit their financial statements and their annexed detailed statements in whole or in part, upon petition or by its own authority.

ja-jp	第四款　資本金の額等
en-us	Subsection 4 Amount of Stated Capital

ja-jp	（資本金の額）
en-us	(Amount of Stated Capital)

ja-jp	第百七条　特定目的会社の資本金の額は、特定資本金の額又は資産流動化計画で優先出資の発行が定められた場合には、特定資本金の額及び優先資本金の額の合計額とする。
en-us	Article 107 The amount of stated capital of a specified purpose company is the amount of specified capital, or, if the asset securitization plan provides for the issuance of preferred equity, the sum total of the amount of specified capital and the amount of preferred capital.

ja-jp	（特定資本金の額の減少）
en-us	(Reduction in Amounts of Specified Capital)

ja-jp	第百八条　特定目的会社は、損失のてん補のためにのみ、定款を変更することにより、特定資本金の額の減少をすることができる。
en-us	Article 108 (1) A specified purpose company may reduce the amount of specified capital by amending the articles of incorporation only for the purpose of compensating for losses.

ja-jp	２　前項の規定により定款を変更する場合には、第百五十条の社員総会の決議において、次に掲げる事項を定めなければならない。
en-us	(2) In amending the articles of incorporation pursuant to the provisions of the preceding paragraph, the following information must be fixed by resolution at a general meeting of members referred to in Article 150:

ja-jp	一　減少する特定資本金の額
en-us	(i) the amount of the reduction in the specified capital; and

ja-jp	二　特定資本金の額の減少がその効力を生ずる日
en-us	(ii) the date on which the reduction of the amount of specified capital is to become effective.

ja-jp	３　前項第一号の額は、同項第二号の日における特定資本金の額を超えることができない。
en-us	(3) The amount referred to in item (i) of the preceding paragraph may not exceed the amount of specified capital on the date referred to in item (ii) of that paragraph.

ja-jp	４　第二項第一号の額は、損失の額として内閣府令で定める方法により算定される額を超えることができない。
en-us	(4) The amount referred to in paragraph (2), item (i) may not exceed the amount calculated by the method that Cabinet Office Order prescribes as the amount of losses.

ja-jp	（優先資本金の額の減少）
en-us	(Reduction of Amounts of Preferred Capital)

ja-jp	第百九条　特定目的会社は、次条の規定による場合及び第百五十九条第一項の社員総会の承認を経てする場合のほか、社員総会の決議によって、優先資本金の額の減少をすることができる。
en-us	Article 109 (1) In addition to the case as under the following Article and as approved at a general meeting of members referred to in Article 159, paragraph (1), a specified purpose company may reduce the amount of preferred capital by resolution at a general meeting of members.

ja-jp	２　前項の決議においては、次に掲げる事項を定めなければならない。この場合においては、第三号及び第四号に定める額の合計額は、第一号の額を超えてはならない。
en-us	(2) The following information must be fixed by the resolution referred to in the preceding paragraph. In such a case, the sum total of the amounts prescribed in item (iii) and item (iv) must not exceed the amount referred to in item (i):

ja-jp	一　減少する優先資本金の額
en-us	(i) the amount of the reduction in the preferred capital;

ja-jp	二　優先資本金の額の減少がその効力を生ずる日
en-us	(ii) the date on which the reduction of the amount of preferred capital is to become effective;

ja-jp	三　優先出資の消却をするときは、消却する優先出資の種類及び口数、消却の方法並びに消却に要する額
en-us	(iii) if the preferred equity is to be canceled, the class and number of units of preferred equity subject to cancelation, the means of cancelation, and the amount required for the cancelation; and

ja-jp	四　損失のてん補に充てるときは、てん補に充てる額
en-us	(iv) if the preferred equity is to be appropriated to compensate for losses, the amount to be appropriated as compensation for losses.

ja-jp	３　前項第一号の額は、同項第二号の日における優先資本金の額を超えることができない。
en-us	(3) The amount referred to in item (i) of the preceding paragraph must not exceed the amount of preferred capital on the day prescribed in item (ii) of that paragraph.

ja-jp	４　第二項第四号に規定する場合における同項第一号の額は、損失の額として内閣府令で定める方法により算定される額を超えることができない。
en-us	(4) In a case prescribed in paragraph (2), item (iv), the amount referred to in item (i) of that paragraph may not exceed the amount calculated by the method that Cabinet Office Order prescribes as the amount of losses.

ja-jp	５　第三十九条第三項の規定は、第一項の決議について準用する。
en-us	(5) The provisions of Article 39, paragraph (3) apply mutatis mutandis to the resolution referred to in paragraph (1).

ja-jp	６　第一項の規定は、資産流動化計画において優先資本金の額の減少をすることができない旨を定めることを妨げない。
en-us	(6) The provisions of paragraph (1) do not preclude the asset securitization plan from providing that the amount of preferred capital may not be reduced.

ja-jp	第百十条　特定目的会社は、次に掲げる事項について資産流動化計画に定めがある場合に限り、取締役の決定（取締役が数人あるときは、その過半数をもってする決定。以下この条において同じ。）をもって優先資本金の額の減少をすることができる。この場合においては、優先出資の消却に要する金額は、第三項の日における減少する当該優先資本金の額を超えてはならない。
en-us	Article 110 (1) A specified purpose company may reduce the amount of preferred capital at the decision of the director (or, if there are two or more directors, at the decision of the majority of directors; hereinafter the same applies in this Article), but only if the asset securitization plan provides for the following particulars. In such a case, the amount required to cancel the preferred equity must not exceed the amount by which the preferred capital is to be reduced on the date prescribed in paragraph (3):

ja-jp	一　各優先資本金の額の減少をする目的、要件及び時期
en-us	(i) the purpose, requirements, and timing for reducing each amount of preferred capital;

ja-jp	二　減少する各優先資本金の額又はその計算方法
en-us	(ii) the amount of the reduction for each amount of preferred capital or the method this is calculated;

ja-jp	三　各優先資本金の額の減少において優先出資の消却をするときは、消却する優先出資の種類及び口数又はその計算方法、消却の方法並びに消却に要する金額又はその計算方法
en-us	(iii) if preferred equity is to be canceled when each amount of preferred capital is reduced, the classes and number of units of preferred equity to be canceled or the method this is calculated, the means of cancelation, and the amount required for canceling the preferred equity or the method this is calculated; and

ja-jp	四　その他内閣府令で定める事項
en-us	(iv) other particulars that Cabinet Office Order prescribes.

ja-jp	２　前項の場合において、特定目的会社は、取締役の決定の二週間前に、当該優先資本金の額の減少に係る同項各号に掲げる事項を公告しなければならない。
en-us	(2) In the case referred to in the preceding paragraph, a specified purpose company must issue public notice of the information set forth in the items of the preceding paragraph regarding the reduction of the amount of preferred capital two weeks prior to the decision of the director.

ja-jp	３　第一項に規定する優先資本金の額の減少をするときは、取締役は、当該優先資本金の額の減少がその効力を生ずる日を定めなければならない。
en-us	(3) If the amount of preferred capital is to be reduced as referred to in paragraph (1), the director must specify the date on which the reduction of the amount of preferred capital is to become effective.

ja-jp	４　第六十四条の規定は、第一項の規定による優先資本金の額の減少をする場合について準用する。この場合において、同条第一項中「社員総会の決議」とあるのは「取締役の決定」と、「決議の取消し」とあるのは「決定の取消し」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。
en-us	(4) The provisions of Article 64 apply mutatis mutandis if the amount of preferred capital is to be reduced as referred to in paragraph (1). In such a case, the term "resolution at a general meeting of members" in paragraph (1) of that Article is deemed to be replaced with "decision of the director"; the term "rescission of that resolution" is deemed to be replaced with "rescission of that decision"; and Cabinet Order provides for any other necessary technical replacement of terms.

ja-jp	（債権者の異議）
en-us	(Objections by Creditors)

ja-jp	第百十一条　特定目的会社が前三条の規定により特定資本金の額又は優先資本金の額を減少する場合には、当該特定目的会社の債権者（前条の規定により優先資本金の額を減少する場合にあっては、特定社債権者、特定約束手形の所持人及び特定借入れに係る債権者を除く。以下この条において同じ。）は、当該特定目的会社に対し、特定資本金の額又は優先資本金の額の減少について異議を述べることができる。
en-us	Article 111 (1) If a specified purpose company reduces the amount of specified capital or the amount of preferred capital pursuant to the preceding three Articles, the creditors of the specified purpose company (if the specified purpose company reduces the amount of preferred capital pursuant to the preceding Article, excluding specified bondholders, holders of specified promissory notes, and creditors from which specified borrowings have been borrowed; hereinafter the same applies in this Article) may state their objections to the reduction of the amount of specified capital or the amount of preferred capital to the specified purpose company.

ja-jp	２　前項の規定により特定目的会社の債権者が異議を述べることができる場合には、当該特定目的会社は、次に掲げる事項を官報に公告し、かつ、知れている債権者には、各別にこれを催告しなければならない。ただし、第三号の期間は、一箇月を下ることができない。
en-us	(2) If the creditors of a specified purpose company may state their objections pursuant to the preceding paragraph, the specified purpose company must issue public notice in the Official Gazette of the following information, and must issue a demand separately to each known creditor of this; provided, however, that the period referred to in item (iii) may not be shorter than one month:

ja-jp	一　当該特定資本金の額又は優先資本金の額の減少の内容
en-us	(i) the details of the reduction of the amount of specified capital or amount of preferred capital;

ja-jp	二　当該特定目的会社の計算書類に関する事項として内閣府令で定めるもの
en-us	(ii) the information that Cabinet Office Order prescribes as concerning the financial statements of the specified purpose company; and

ja-jp	三　債権者が一定の期間内に異議を述べることができる旨
en-us	(iii) an indication that creditors may state their objections within a certain period of time.

ja-jp	３　債権者が前項第三号の期間内に異議を述べなかったときは、当該債権者は、当該特定資本金の額又は優先資本金の額の減少について承認をしたものとみなす。
en-us	(3) If a creditor does not state an objection within the period prescribed in item (iii) of the preceding paragraph, that creditor is deemed to have approved the reduction of the amount of specified capital or the amount of preferred capital.

ja-jp	４　債権者が第二項第三号の期間内に異議を述べたときは、特定目的会社は、当該債権者に対し、弁済し、若しくは相当の担保を提供し、又は当該債権者に弁済を受けさせることを目的として信託会社等に相当の財産を信託しなければならない。ただし、当該特定資本金の額又は優先資本金の額の減少をしても当該債権者を害するおそれがないときは、この限りでない。
en-us	(4) If a creditor states an objection within the period referred to in paragraph (2), item (iii), the specified purpose company must pay its debt or provide suitable collateral to the creditor, or must place reasonable property into trust with a trust company or financial institution so as to enable the creditor to receive payment for the debt; provided, however, that this does not apply if the reduction of the amount of specified capital or the amount of preferred capital is unlikely to harm the creditor.

ja-jp	５　次の各号に掲げる額の減少は、当該各号に定める日にその効力を生ずる。ただし、前三項の規定による手続が終了していないときは、この限りでない。
en-us	(5) A reduction to the amount set forth in one of the following items becomes effective on the date that each item prescribes; provided, however, that this does not apply if the procedures under the preceding three paragraphs have not been completed:

ja-jp	一　特定資本金の額の減少　第百八条第二項第二号の日
en-us	(i) a reduction to the amount of specified capital: the date referred to in Article 108, paragraph (2), item (ii);

ja-jp	二　第百九条第一項の優先資本金の額の減少　同条第二項第二号の日
en-us	(ii) a reduction to the amount of preferred capital as referred to in Article 109, paragraph (1): the date referred to in Article 109, paragraph (2), item (ii); or

ja-jp	三　前条第一項の優先資本金の額の減少　同条第三項の日
en-us	(iii) a reduction to the amount of preferred capital as referred to in paragraph (1) of the preceding Article: the date referred to in paragraph (3) of the preceding Article.

ja-jp	６　特定目的会社は、前項各号に定める日前は、いつでも当該日を変更することができる。
en-us	(6) A specified purpose company may change the date provided for in the items of the preceding paragraph at any time before that date.

ja-jp	（会社法の準用）
en-us	(Application, Mutatis Mutandis, of the Companies Act)

ja-jp	第百十二条　会社法第八百二十八条第一項（第五号に係る部分に限る。）及び第二項（第五号に係る部分に限る。）（会社の組織に関する行為の無効の訴え）、第八百三十四条（第五号に係る部分に限る。）（被告）、第八百三十五条第一項（訴えの管轄及び移送）、第八百三十六条から第八百三十九条まで（担保提供命令、弁論等の必要的併合、認容判決の効力が及ぶ者の範囲、無効又は取消しの判決の効力）、第八百四十六条（原告が敗訴した場合の損害賠償責任）並びに第九百三十七条第一項（第一号ニに係る部分に限る。）（裁判による登記の嘱託）の規定は、特定資本金の額又は優先資本金の額の減少の無効の訴えについて準用する。この場合において、同法第八百二十八条第二項第五号中「株主等」とあるのは「社員、取締役、監査役、清算人」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。
en-us	Article 112 The provisions of Article 828, paragraph (1) (but only the part that involves item (v)) and paragraph (2) (but only the part that involves item (v)) (Actions Seeking Invalidation of Acts Concerning the Organization of a Company); Article 834 (but only the part that involves item (v)) (Defendant); Article 835, paragraph (1) (Jurisdiction over and Transfer of an Action); Articles 836 through 839 (Order to Provide Security; Mandatory Consolidation of Oral Arguments; Persons Affected by an Upholding Judgment; Effect of a Judgment of Invalidation; Revocation or Rescission); Article 846 (Liability for Damages in Cases Where the Plaintiff Is Defeated); and Article 937, paragraph (1) (but only the part that involves item (i), sub-item (d)) (Commissioning of Registration by a Judicial Decision) of the Companies Act apply mutatis mutandis to an action to invalidate a reduction to the amount of specified capital or the amount of preferred capital. In such a case, the term "a shareholder, etc." in Article 828, paragraph (2), item (v) of that Act is deemed to be replaced with "a member, director, company auditor, liquidator", and Cabinet Order provides for any other necessary technical replacement of terms.

ja-jp	（減資剰余金の優先資本金への組入れ）
en-us	(Incorporating Reduction Surplus into Preferred Capital)

ja-jp	第百十三条　特定目的会社は、第百九条又は第百十条の規定により減少した優先資本金の額が優先出資の消却に要した金額及び損失のてん補に充てた金額を超えるときは、その超過額（第百九十条において「減資剰余金」という。）を優先資本金に組み入れなければならない。
en-us	Article 113 If the amount of preferred capital reduced pursuant to Article 109 or Article 110 exceeds the amount used to cancel preferred equity or the amount appropriated to compensate for losses, a specified purpose company must incorporate the excess amount (referred to as "reduction surplus" in Article 190) into preferred capital.

ja-jp	第五款　利益の配当
en-us	Subsection 5 Distribution of Profits

ja-jp	（社員に対する利益の配当）
en-us	(Distributing Profits to Members)

ja-jp	第百十四条　特定目的会社は、その社員（当該特定目的会社を除く。）に対し、最終事業年度の末日における第一号に掲げる額から第二号から第四号までに掲げる額の合計額を減じて得た額を限度として、利益の配当をすることができる。
en-us	Article 114 (1) A specified purpose company may distribute profits to its members (other than the specified purpose company itself) limited to the amount arrived at when the sum total of the amounts set forth in items (ii) through (iv) is subtracted from the amount set forth in item (i) as of the last day of the most recent business year:

ja-jp	一　資産の額
en-us	(i) the amount of assets;

ja-jp	二　負債の額
en-us	(ii) the amount of debts;

ja-jp	三　資本金の額
en-us	(iii) the amount of stated capital; and

ja-jp	四　前二号に掲げるもののほか、内閣府令で定める額
en-us	(iv) beyond what is set forth in the preceding two items, any amount that Cabinet Office Order prescribes.

ja-jp	２　利益の配当は、資産流動化計画で定められた優先出資社員に対する優先的配当の規定に従うほか、各社員（当該特定目的会社を除く。）の有する優先出資又は特定出資の口数に応じて、これをしなければならない。
en-us	(2) In addition to being governed by the provisions on preferred distribution to preferred equity members provided for in the asset securitization plan, a distribution of profits must be made in accordance with the number of units of preferred equity or specified equity held by each member (other than the specified purpose company itself).

ja-jp	第百十五条　事業年度を一年とする特定目的会社については、一事業年度の途中において一回に限り事業年度中の一定の日を定めその日における社員（当該特定目的会社を除く。）に対し取締役の決定（取締役が数人あるときは、その過半数をもってする決定）により金銭の分配（以下この款において「中間配当」という。）をすることができる旨を定款で定めることができる。
en-us	Article 115 (1) A specified purpose company whose business year is one year in length may provide in its articles of incorporation that the company may distribute monies to its members (other than the specified purpose company itself) limited to once on a specific date per business year as decided by the director (or as decided by a majority of the directors, if there are multiple directors) (hereinafter such a distribution of monies is referred to as an "interim dividend" in this Subsection).

ja-jp	２　前項の決定は、同項の一定の日から三箇月以内にしなければならない。
en-us	(2) The decision referred to in the preceding paragraph must be made within three months from the specific date prescribed in that paragraph.

ja-jp	３　中間配当は、第一号に掲げる額から第二号から第五号までに掲げる額の合計額を減じて得た額を限度としてすることができる。
en-us	(3) Interim dividends may be paid up to the amount arrived at when the sum total of the amounts set forth in items (ii) through (v) is subtracted from the amount referred to in item (i):

ja-jp	一　最終事業年度の末日における資産の額
en-us	(i) the amount of assets as of the last day of the most recent business year;

ja-jp	二　最終事業年度の末日における負債の額
en-us	(ii) the amount of debts as of the last day of the most recent business year;

ja-jp	三　最終事業年度の末日における資本金の額
en-us	(iii) the amount of stated capital as of the last day of the most recent business year;

ja-jp	四　最終事業年度に関する定時社員総会において利益から配当し、又は支払うものと定めた金額
en-us	(iv) the amount to distribute or to pay from the profits as prescribed at an annual general meeting of members for the most recent business year; and

ja-jp	五　前三号に掲げるもののほか、内閣府令で定める額
en-us	(v) beyond what is set forth in the preceding three items, any amount that Cabinet Office Order prescribes.

ja-jp	４　取締役は、特定目的会社の事業年度の末日において前条第一項第二号から第四号までに掲げる額の合計額が同項第一号に掲げる額を超えるおそれがあると認めるときは、当該事業年度において中間配当を決定してはならない。
en-us	(4) On finding that the sum of the amounts set forth in Article 114, paragraph (1), items (ii) through (iv) is likely to exceed the amount referred to in Article 114, paragraph (1), item (i) on the last day of the business year of a specified purpose company, the director must not decide to pay interim dividends for that business year.

ja-jp	５　中間配当は、これを利益の配当とみなして、第三十二条第四項（第二号に係る部分に限る。）、第四十五条第四項において準用する会社法第百五十一条第一項（第八号に係る部分に限る。）及び前条第二項の規定を適用する。
en-us	(5) The payment of interim dividends is deemed to be the distribution of profits and the provisions of Article 32, paragraph (4) (but only the part that involves item (ii)) of this Act; Article 151, paragraph (1) (but only the part that involves item (viii)) of the Companies Act as applied mutatis mutandis pursuant to Article 45, paragraph (4); and paragraph (2) of the preceding Article apply.

ja-jp	（利益の配当及び中間配当についての会社法の準用）
en-us	(Application, Mutatis Mutandis, of the Companies Act to Distributions of Profits and Payments of Interim Dividends)

ja-jp	第百十六条　会社法第四百五十七条（配当財産の交付の方法等）の規定は、特定目的会社の利益の配当及び中間配当の場合について準用する。この場合において、同条第一項中「配当財産（第四百五十五条第二項の規定により支払う金銭及び前条の規定により支払う金銭を含む。」とあるのは「資産流動化法第百十四条第一項の規定により配当する金銭（中間配当の場合にあっては、分配する金銭。」と、「株主名簿」とあるのは「特定社員名簿又は優先出資社員名簿」と、「株主（登録株式質権者を含む。」とあるのは「社員（登録特定出資質権者及び登録優先出資質権者を含む。」と、「株主が」とあるのは「社員が」と、同条第二項及び第三項中「配当財産」とあるのは「金銭」と、「株主」とあるのは「社員」と読み替えるものとする。
en-us	Article 116 The provisions of Article 457 (Methods of Delivery of Dividend Property) of the Companies Act apply mutatis mutandis to a specified purpose company's distribution of profits or payment of interim dividends. In such a case, the phrases "The dividend property (including monies paid pursuant to the provisions of Article 455, paragraph (2) and monies paid pursuant to the provisions of the preceding Article", "the shareholder register", "the shareholders (including registered pledgees of shares", and "the shareholders" in Article 457, paragraph (1) of the Companies Act are deemed to be replaced with "Monies distributed pursuant to the provisions of Article 114, paragraph (1) of the Asset Securitization Act (or, if interim dividends are paid, the monies that are distributed", "register of specified equity members or register of preferred equity members", "the members (including registered pledgees of specified equity and registered pledgees of preferred equity", and "the members", respectively; and the terms "dividend surplus" and "shareholders" in Article 457, paragraphs (2) and (3) of the Companies Act are deemed to be replaced with "monies" and "members", respectively.

ja-jp	（利益の配当等に関する責任）
en-us	(Liability for Distribution of Profits)

ja-jp	第百十七条　第百十四条第一項の規定に違反して特定目的会社が同項の規定による利益の配当をした場合又は第百十五条第三項の規定に違反して中間配当をした場合には、当該行為により配当する金銭（以下この款において「配当金」という。）の額（同項の規定に違反して中間配当をした場合にあっては分配する金銭（以下この款において「分配金」という。）の額。以下この条において同じ。）の交付を受けた者並びに当該利益の配当又は中間配当に関する職務を行った取締役（当該取締役の行う利益の配当又は中間配当に職務上関与した者として内閣府令で定めるものを含む。）及び次の各号に掲げる者は、当該特定目的会社に対し、連帯して、当該配当金の額の交付を受けた者が交付を受けた配当金の額に相当する金銭を支払う義務を負う。
en-us	Article 117 If a specified purpose company violates Article 114, paragraph (1) in distributing profits as under that paragraph or violates Article 115, paragraph (3) in paying interim dividends, the persons receiving monies distributed as dividends through that action (hereinafter referred to as a "cash dividend" in this Subsection) (or, in the case of a payment of interim dividends in violation of Article 115, paragraph (3), the monies distributed (hereinafter referred to as a "cash distribution" in this Subsection); hereinafter the same applies in this Article); the director undertaking the duty of distributing those profits or paying those interim dividends (including a person that Cabinet Office Order prescribes as having been involved, in the course of their duties, in the distribution of profits or payment of interim dividends that the director carries out); and the following persons have a joint and several obligation to pay monies equivalent to the amount of the cash dividends delivered to persons receiving a cash dividend to the specified purpose company:

ja-jp	一　第百四条第二項の規定による定時社員総会の決議による承認があった場合（当該決議によって定められた配当金の額が当該事業年度の末日における第百十四条第一項（各号を除く。）に規定する額を超える場合に限る。）における当該定時社員総会に係る総会議案提案取締役（当該定時社員総会に議案を提案した取締役として内閣府令で定めるものをいう。）
en-us	(i) if the distribution or payment was approved by resolution at an annual general meeting of members under Article 104, paragraph (2) (but only if the amount of the cash dividends fixed by the resolution exceeds the amount prescribed in Article 114, paragraph (1) (other than the items of that paragraph) as of the last day of the business year), the director that submitted the proposal at the annual general meeting of members (meaning the director that Cabinet Office Order prescribes as the one that has submitted the proposal at the annual general meeting of members); and

ja-jp	二　第百十五条第一項の規定による取締役の決定があった場合（当該決定によって定められた分配金の額が同条第三項に規定する額を超える場合に限る。）における当該取締役の決定に係る決定案提案取締役（当該決定に係る案を提案した取締役として内閣府令で定めるものをいう。）
en-us	(ii) if the distribution or payment was made at the director's decision under Article 115, paragraph (1) (but only if the amount of the cash distribution fixed by that decision exceeds the amount prescribed in Article 115, paragraph (3)), the director that submitted the proposal for the decision (meaning the director that Cabinet Office Order prescribes as the one that has submitted a proposal on the decision) leading to the director's decision.

ja-jp	（欠損が生じた場合の責任）
en-us	(Liability in Cases of Deficit)

ja-jp	第百十八条　特定目的会社が中間配当をした場合において、当該中間配当をした日の属する事業年度（その事業年度の直前の事業年度が最終事業年度でないときは、その事業年度の直前の事業年度）に係る計算書類につき第百四条第二項の承認を受けた時（同条第四項前段に規定する場合にあっては、同項後段の報告をした時）における第百十四条第一項第二号から第四号までに掲げる額の合計額が同項第一号に掲げる額を超えるときは、当該中間配当に関する職務を行った取締役は、当該特定目的会社に対し、連帯して、その超過額（当該超過額が当該中間配当の分配金の額を超える場合にあっては、当該分配金の額）を支払う義務を負う。ただし、当該取締役がその職務を行うについて注意を怠らなかったことを証明した場合は、この限りでない。
en-us	Article 118 If a specified purpose company pays interim dividends and the sum of the amounts set forth in Article 114, paragraph (1), items (ii) through (iv) at the time when the approval referred to in Article 104, paragraph (2) is obtained (or, in the case referred to in the first sentence of Article 104, paragraph (4), at the time when the report referred to in the second sentence of that paragraph is made) for the financial statements prescribed in Article 102, paragraph (2) in the business year in which the company pays the interim dividends (or, if the preceding business year is not the most recent business year, the business year preceding that one) exceeds the amount set forth in Article 114, paragraph (1), item (i), the directors undertaking the duty of paying those interim dividends have a joint and several obligation to pay the excess amount (or, if the excess amount exceeds the amount of the cash distributions in the payment of interim dividends, the amount of the cash distributions) to the specified purpose company; provided, however, that this does not apply to directors who prove that they did not neglect to exercise due care in undertaking that duty.

ja-jp	（取締役の責任等についての会社法の準用）
en-us	(Application, Mutatis Mutandis, of the Companies Act to Director Liability)

ja-jp	第百十九条　会社法第四百六十二条第二項及び第三項（剰余金の配当等に関する責任）の規定は第百十七条の規定による特定目的会社の取締役の責任について、同法第四百六十三条（株主に対する求償権の制限等）の規定は特定目的会社の社員について、同法第四百六十四条（買取請求に応じて株式を取得した場合の責任）の規定は第三十八条において準用する同法第百八十二条の四第一項の規定による請求に応じた特定目的会社の取締役の責任、第五十条第一項において準用する同法第百八十二条の四第一項の規定による請求に応じた特定目的会社の取締役の責任及び第百五十三条第一項の規定による請求に応じた特定目的会社の取締役の責任について、同法第四百六十五条第二項（欠損が生じた場合の責任）の規定は前条の規定による特定目的会社の取締役の責任について、それぞれ準用する。この場合において、同法第四百六十二条第二項中「前項」とあるのは「資産流動化法第百十七条」と、「業務執行者」とあるのは「同条に規定する取締役」と、「同項各号に定める者」とあるのは「同条各号に掲げる者」と、「同項の」とあるのは「同条の」と、同条第三項中「第一項の」とあるのは「資産流動化法第百十七条の」と、「業務執行者」とあるのは「同条に規定する取締役」と、「同項各号に定める者」とあるのは「同条各号に掲げる者」と、「前条第一項各号に掲げる行為の時における分配可能額」とあるのは「資産流動化法第百十四条第一項又は第百十五条第三項に規定する額」と、「総株主」とあるのは「総社員」と、同法第四百六十三条第一項中「前条第一項に」とあるのは「資産流動化法第百十七条に」と、「第四百六十一条第一項各号に掲げる行為」とあるのは「資産流動化法第百十四条の規定による利益の配当又は中間配当」と、「金銭等の帳簿価額の総額」とあるのは「配当金の額又は分配金の額」と、「当該行為がその効力を生じた日における分配可能額」とあるのは「同条第一項又は資産流動化法第百十五条第三項に規定する額」と、「前条第一項の金銭を支払った業務執行者」とあるのは「資産流動化法第百十七条に規定する取締役」と、「同項各号に定める者」とあるのは「同条各号に掲げる者」と、同条第二項中「前条第一項」とあるのは「資産流動化法第百十七条」と、「同項」とあるのは「同条」と、「金銭等の帳簿価額」とあるのは「配当金の額又は分配金の額」と、同法第四百六十四条第一項中「当該支払の日における分配可能額」とあるのは「当該支払が属する事業年度（その事業年度の直前の事業年度が最終事業年度でないときは、その事業年度の直前の事業年度）に係る資産流動化法第百十四条第一項の額」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。
en-us	Article 119 (1) The provisions of Article 462, paragraphs (2) and (3) (Liability Related to Dividends of Surplus) of the Companies Act apply mutatis mutandis to the liability of the directors of a specified purpose company as under Article 117 of this Act; the provisions of Article 463 (Restrictions on Remedy Over Against Shareholders) of that Act apply mutatis mutandis to the members of a specified purpose company; the provisions of Article 464 (Liability Where Shares Are Acquired in Response to Demand for Purchase) of that Act apply mutatis mutandis to the liability of the directors of a specified purpose company that responds to a demand under Article 182-4, paragraph (1) as applied mutatis mutandis pursuant to Article 38, the liability of the directors of a specified purpose company that responds to a demand under Article 182-4, paragraph (1) as applied mutatis mutandis pursuant to Article 50, paragraph (1), and the liability of the directors of a specified purpose company that responds to a demand under Article 153, paragraph (1) of this Act; and the provisions of Article 465, paragraph (2) (Liability in Cases of Damage) of the Companies Act apply mutatis mutandis to the liability of the directors of a specified purpose company under the preceding Article. In such a case, the term "the preceding paragraph" in Article 462, paragraph (2) of the Companies Act is deemed to be replaced with "Article 117 of the Asset Securitization Act"; the term "executing persons" in that paragraph is deemed to be replaced with "the director prescribed in that Article"; the phrase "the persons provided for in each item of that paragraph" in that paragraph is deemed to be replaced with "the persons provided for in each item of that Article"; the term "under that paragraph" in that paragraph is deemed to be replaced with "under that Article"; the term "under paragraph (1)" in paragraph (3) of that Article is deemed to be replaced with "under Article 117 of the Asset Securitization Act"; the term "executing persons" in that paragraph is deemed to be replaced with "the director prescribed in that Article"; the term "the persons prescribed in each item of that paragraph" is deemed to be replaced with "the persons prescribed in each item of that Article"; the term "the distributable amount as at the time of the act set forth in each item of paragraph (1) of the preceding Article" in that paragraph is deemed to be replaced with "the amount provided in Article 114, paragraph (1) or Article 115, paragraph (3) of the Asset Securitization Act"; the term "all shareholders" in that paragraph is deemed to be replaced with "all members"; the term "in paragraph (1) of the preceding Article" in Article 463, paragraph (1) of that Act is deemed to be replaced with "in Article 117 of the Asset Securitization Act"; the term "the acts set forth in each item of Article 461, paragraph (1)" in that paragraph is deemed to be replaced with "the distribution of profits or payment of interim dividends under the provisions of Article 114 of the Asset Securitization Act"; the term "the total book value of the monies, etc." in that paragraph is deemed to be replaced with "the amount of cash dividends or the amount of the cash distributions"; the term "the distributable amount as at the day when such act takes effect" in that paragraph is deemed to be replaced with "the amount prescribed in paragraph (1) of that Article or Article 115, paragraph (3) of the Asset Securitization Act"; the term "executing persons who made the payment of monies under paragraph (1) of the preceding Article" in that paragraph is deemed to be replaced with "director prescribed in Article 117 of the Asset Securitization Act"; the term "the persons provided for in each item of that paragraph" in that paragraph is deemed to be replaced with "the persons provided for in each item of that Article"; the term "paragraph (1) of the preceding Article" in paragraph (2) of that Article is replaced with "Article 117 of the Asset Securitization Act"; the term "that paragraph" in that paragraph is deemed to be replaced with "that Article"; the term "the book value of the monies, etc." in that paragraph is deemed to be replaced with "the amount of cash dividends or the amount of cash distributions"; the term "the distributable amount as at the day when such payment is made" in Article 464, paragraph (1) of the Companies Act is deemed to be replaced with "the amount referred to in Article 114, paragraph (1) of the Asset Securitization Act for the business year in which that payment was made (or, if the preceding business year is not the most recent business year, the business year preceding that one)"; and Cabinet Order provides for any other necessary technical replacement of terms.

ja-jp	２　第九十七条第三項及び第四項並びに会社法第七編第二章第二節（第八百四十七条第二項、第八百四十七条の二、第八百四十七条の三、第八百四十九条第二項、第三項及び第六項から第十一項まで、第八百四十九条の二、第八百五十一条並びに第八百五十三条第一項第二号及び第三号を除く。）（株式会社における責任追及等の訴え）の規定は、第百十七条の規定による同条に規定する特定目的会社の取締役の責任を追及する訴え並びに前条の規定及び前項において準用する同法第四百六十四条の規定による特定目的会社の取締役の責任を追及する訴えについて準用する。この場合において、同法第八百四十七条第一項中「六箇月（これを下回る期間を定款で定めた場合にあっては、その期間）前から引き続き株式を有する株主（第百八十九条第二項の定款の定めによりその権利を行使することができない単元未満株主を除く。）」とあるのは「特定社員又は六箇月（これを下回る期間を定款で定めた場合にあっては、その期間）前から引き続き優先出資を有する優先出資社員」と、同条第三項中「株主」とあるのは「特定社員又は優先出資社員」と、同条第四項中「株主」とあるのは「特定社員若しくは優先出資社員」と、同条第五項中「株主」とあるのは「特定社員又は優先出資社員」と、同法第八百四十七条の四第二項中「株主等（株主、適格旧株主又は最終完全親会社等の株主をいう。以下この節において同じ。）」とあるのは「特定社員又は優先出資社員」と、「当該株主等」とあるのは「当該特定社員又は優先出資社員」と、同法第八百四十九条第一項中「株主等」とあるのは「特定社員若しくは優先出資社員」と、同条第四項中「株主等」とあるのは「特定社員又は優先出資社員」と、同条第五項中「株主」とあるのは「特定社員及び優先出資社員」と、同法第八百五十条第三項及び第八百五十二条中「株主等」とあるのは「特定社員又は優先出資社員」と、同法第八百五十三条第一項第一号中「株主」とあるのは「特定社員若しくは優先出資社員」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。
en-us	(2) The provisions of Article 97, paragraphs (3) and (4) of this Act and the provisions of Part VII, Chapter II, Section 2 (excluding Article 847, paragraph (2); Article 847-2; Article 847-3; Article 849, paragraph (2), paragraph (3), and paragraphs (6) through (11); Article 849-2; Article 851; and Article 853, paragraph (1), items (ii) and (iii)) (Action to Enforce Liability at a Stock Company) of the Companies Act apply mutatis mutandis to an action to enforce the liability of the directors of a specified purpose company under the provisions of Article 117 and to an action to enforce the liability of the directors of a specified purpose company under the provisions of the preceding Article or Article 464 of the Companies Act as applied mutatis mutandis pursuant to the preceding paragraph. In such a case, the phrase "A shareholder (excluding a holder of shares less than one unit who is unable to exercise right pursuant to the provisions of the articles of incorporation under Article 189, paragraph (2)) having the shares consecutively for the preceding six months (or, in cases where a shorter period is prescribed in the articles of incorporation, that period)" in Article 847, paragraph (1) of the Companies Act is deemed to be replaced with "A specified equity member or a preferred equity member that has held preferred equity continuously for the preceding six months (or, if a shorter period is provided for in the articles of incorporation, that period)"; the term "shareholder" in paragraph (3) of that Article is deemed to be replaced with "specified equity member or preferred equity member"; the term "shareholder" in paragraph (4) of that Article is deemed to be replaced with "specified equity member or preferred equity member"; the term "shareholder" in paragraph (5) of that Article is deemed to be replaced with "specified equity member or preferred equity member"; the term "shareholder, etc. (meaning a shareholder, a qualified former shareholder or a shareholder of an ultimate, wholly owning parent company, etc.; hereinafter the same applies in this Section)" in Article 847-4, paragraph (2) of that Act is deemed to be replaced with "specified equity member or preferred equity member"; the term "the shareholder, etc." in that paragraph is deemed to be replaced with "that specified equity member or preferred equity member"; the term "shareholder, etc." in Article 849, paragraph (1) of that Act is deemed to be replaced with "specified equity member or preferred equity member"; the term "shareholder, etc." in paragraph (4) of that Article is deemed to be replaced with "specified equity member or preferred equity member"; the term "shareholders" in paragraph (5) of that Article is deemed to be replaced with "specified equity members or preferred equity members"; the term "shareholders, etc." in Article 850, paragraph (3) of that Act is deemed to be replaced with "specified equity members or preferred equity members"; the term "shareholder, etc." in Article 852 of that Act is deemed to be replaced with "specified equity member or preferred equity member"; the term "shareholder" in Article 853, paragraph (1), item (i) of that Act is deemed to be replaced with "specified equity member or preferred equity member"; and Cabinet Order provides for any other necessary technical replacement of terms.

ja-jp	（社員等の権利の行使に関する利益の供与）
en-us	(Providing Benefits for Exercising Rights as a Member or Similar Person)

ja-jp	第百二十条　特定目的会社は、何人に対しても、社員、特定社債権者、特定約束手形の所持人又は特定借入れに係る債権者（次項及び第五項において「社員等」という。）の権利の行使に関し、財産上の利益の供与（当該特定目的会社の計算においてするものに限る。以下この条において同じ。）をしてはならない。
en-us	Article 120 (1) A specified purpose company must not provide any person with an economic benefit (but only one provided on the account of the specified purpose company; hereinafter the same applies in this Article) in association with that person exercising a right as a member, specified bondholder, holder of a specified promissory note, or creditor from which specified borrowings have been borrowed (referred to as a "member or similar person" in the following paragraph and paragraph (5)).

ja-jp	２　特定目的会社が特定の社員等に対して無償で財産上の利益の供与をしたときは、当該特定目的会社は、社員等の権利の行使に関し、財産上の利益の供与をしたものと推定する。特定目的会社が特定の社員等に対して有償で財産上の利益の供与をした場合において、当該特定目的会社の受けた利益が当該財産上の利益に比して著しく少ないときも、同様とする。
en-us	(2) If a specified purpose company provides an economic benefit to a particular member or similar person free of charge, the specified purpose company is presumed to have provided that economic benefit to the member or similar person in association with their exercise of a right. The same applies if a specified purpose company provides an economic benefit to a particular member or similar person for a charge, if the benefit received by the specified purpose company is significantly less than that economic benefit.

ja-jp	３　特定目的会社が第一項の規定に違反して財産上の利益の供与をしたときは、当該利益の供与を受けた者は、これを当該特定目的会社に返還しなければならない。この場合において、当該利益の供与を受けた者は、当該特定目的会社に対して当該利益と引換えに給付をしたものがあるときは、その返還を受けることができる。
en-us	(3) If a specified purpose company provides a person with an economic benefit in violation of paragraph (1), the person who has received the benefit must return it to the specified purpose company. In such a case, if the person has paid or delivered something to the specified purpose company in exchange for the benefit, the person may have this returned.

ja-jp	４　特定目的会社が第一項の規定に違反して財産上の利益の供与をしたときは、当該利益の供与をすることに関与した取締役として内閣府令で定める者は、当該特定目的会社に対して、連帯して、供与した利益の価額に相当する額を支払う義務を負う。ただし、その者（当該利益の供与をした取締役を除く。）がその職務を行うについて注意を怠らなかったことを証明した場合は、この限りでない。
en-us	(4) If a specified purpose company violates paragraph (1) in providing a person with an economic benefit, the directors that Cabinet Office Order prescribes as being involved in providing the benefit have a joint and several obligation to pay the specified purpose company an amount equivalent to the value of the benefit provided; provided, however, that this does not apply if those persons (other than the director providing the person with the economic benefit) prove that they did not neglect to exercise due care in undertaking their duties.

ja-jp	５　前項の義務は、すべての社員等の同意がなければ、免除することができない。
en-us	(5) A release from the obligation referred to in the preceding paragraph may not be granted without the consent of all members and similar persons.

ja-jp	６　第九十七条第三項及び会社法第七編第二章第二節（第八百四十七条第二項、第八百四十七条の二、第八百四十七条の三、第八百四十九条第二項、第三項及び第六項から第十一項まで、第八百四十九条の二、第八百五十一条並びに第八百五十三条第一項第二号及び第三号を除く。）（株式会社における責任追及等の訴え）の規定は、第三項の利益の返還を求める訴えについて準用する。この場合において、同法第八百四十七条第一項中「六箇月（これを下回る期間を定款で定めた場合にあっては、その期間）前から引き続き株式を有する株主（第百八十九条第二項の定款の定めによりその権利を行使することができない単元未満株主を除く。）」とあるのは「特定社員又は六箇月（これを下回る期間を定款で定めた場合にあっては、その期間）前から引き続き優先出資を有する優先出資社員」と、同条第三項中「株主」とあるのは「特定社員又は優先出資社員」と、同条第四項中「株主又は同項の発起人等」とあるのは「特定社員又は優先出資社員」と、同条第五項中「株主」とあるのは「特定社員又は優先出資社員」と、同法第八百四十七条の四第二項中「株主等（株主、適格旧株主又は最終完全親会社等の株主をいう。以下この節において同じ。）」とあるのは「特定社員又は優先出資社員」と、「当該株主等」とあるのは「当該特定社員又は優先出資社員」と、同法第八百四十九条第一項中「株主等」とあるのは「特定社員若しくは優先出資社員」と、同条第四項中「株主等」とあるのは「特定社員又は優先出資社員」と、同条第五項中「株主」とあるのは「特定社員及び優先出資社員」と、同法第八百五十条第三項及び第八百五十二条中「株主等」とあるのは「特定社員又は優先出資社員」と、同法第八百五十三条第一項第一号中「株主」とあるのは「特定社員若しくは優先出資社員」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。
en-us	(6) The provisions of Article 97, paragraph (3) of this Act and the provisions of Part VII, Chapter II, Section 2 (excluding Article 847, paragraph (2); Article 847-2; Article 847-3; Article 849, paragraph (2), paragraph (3), and paragraphs (6) through (11); Article 849-2; Article 851; and Article 853, paragraph (1), items (ii) and (iii)) (Action to Enforce Liability at a Stock Company) of the Companies Act apply mutatis mutandis to actions to demand the return of benefits under paragraph (3). In such a case, the phrase "A shareholder (excluding a holder of shares less than one unit who is unable to exercise right pursuant to the provisions of the articles of incorporation under Article 189, paragraph (2)) having the shares consecutively for the preceding six months (or, in cases where a shorter period is prescribed in the articles of incorporation, that period)" in Article 848, paragraph (1) of the Companies Act is deemed to be replaced with "A specified equity member or a preferred equity member that has held preferred equity continuously for the preceding six months (or, if a shorter period is provided for in the articles of incorporation, that period)"; the term "shareholder" in paragraph (3) of that Article is deemed to be replaced with "specified equity member or preferred equity member"; the phrase "shareholder who made such demand or the incorporator, etc. referred to in that paragraph" in paragraph (4) of that Article is deemed to be replaced with "specified equity member or preferred equity member"; the term "shareholder" in paragraph (5) of that Article is deemed to be replaced with "specified equity member or preferred equity member"; the term "shareholder, etc. (meaning a shareholder, a qualified former shareholder or a shareholder of an ultimate, wholly owning parent company, etc.; hereinafter the same applies in this Section)" in Article 847-4, paragraph (2) of that Act is deemed to be replaced with "specified equity member or preferred equity member"; the term "the shareholder, etc." in that paragraph is deemed to be replaced with "the specified equity member or preferred equity member"; the term "shareholder, etc." in Article 849 (1) of that Act is deemed to be replaced with "specified equity member or preferred equity member"; the term "shareholder, etc." in paragraph (4) of that Article is deemed to be replaced with "specified equity member or preferred equity member"; the term "shareholders" in paragraph (5) of that Article is deemed to be replaced with "specified equity members or preferred equity members"; the term "shareholders, etc." in Article 850, paragraph (3) of that Act is deemed to be replaced with "specified equity members or preferred equity members"; the term "shareholder, etc." in Article 852 of that Act is deemed to be replaced with "specified equity member or preferred equity member"; the term "shareholder" in Article 853, paragraph (1), item (i) of that Act is deemed to be replaced with "specified equity member or preferred equity member"; and Cabinet Order provides for any other necessary technical replacement of terms.

ja-jp	第六節　特定社債
en-us	Section 6 Specified Bonds

ja-jp	第一款　通則
en-us	Subsection 1 General Rules

ja-jp	（特定社債を引き受ける者の募集）
en-us	(Soliciting Persons to Subscribe for Specified Bonds)

ja-jp	第百二十一条　特定目的会社は、資産流動化計画の定めるところに従い、取締役の決定（取締役が数人あるときは、その過半数をもってする決定）により、特定社債を引き受ける者の募集をすることができる。
en-us	Article 121 (1) A specified purpose company may solicit persons to subscribe for specified bonds as decided by the director (or as decided by a majority of the directors, if there are multiple directors) in accordance with the asset securitization plan.

ja-jp	２　特定目的会社は、他の特定目的会社と合同して特定社債を発行することができない。
en-us	(2) A specified purpose company may not issue specified bonds jointly with another specified purpose company.

ja-jp	（募集特定社債の申込み）
en-us	(Offers Involving Specified Bonds for Subscription)

ja-jp	第百二十二条　特定目的会社は、前条第一項の募集に応じて募集特定社債（当該募集に応じて当該特定社債の引受けの申込みをした者に対して割り当てる特定社債をいう。以下この節において同じ。）の引受けの申込みをしようとする者に対し、次に掲げる事項を通知しなければならない。
en-us	Article 122 (1) A specified purpose company must notify a person seeking to offer to subscribe for specified bonds for subscription in response to the solicitation referred to in paragraph (1) of the preceding Article (meaning specified bonds to be allotted to persons filing offers to subscribe for them in response to such a solicitation; hereinafter the same applies in this Section) of the following information:

ja-jp	一　商号及び業務開始届出の年月日（新計画届出を行った場合にあっては、当該新計画届出の年月日）
en-us	(i) the trade name and the date of the notification of commencement of business (or, if a notification of a new plan has been filed, the date of the notification of the new plan);

ja-jp	二　申込みの対象が特定社債である旨
en-us	(ii) that the subject of the offer is specified bonds;

ja-jp	三　募集特定社債に係る特定資産（従たる特定資産を除く。）の種類
en-us	(iii) the type of specified assets (other than secondary specified assets) underlying the specified bonds for subscription;

ja-jp	四　募集特定社債の総額
en-us	(iv) the total amount of specified bonds for subscription;

ja-jp	五　各募集特定社債の金額
en-us	(v) the amount of each specified bond for subscription;

ja-jp	六　募集特定社債の利率
en-us	(vi) the interest rate for specified bonds for subscription;

ja-jp	七　募集特定社債の償還の方法及び期限
en-us	(vii) the means and the deadline for redemption of specified bonds for subscription;

ja-jp	八　利息支払の方法及び期限
en-us	(viii) the means and the deadline for the payment of interest;

ja-jp	九　特定社債券を発行するときは、その旨
en-us	(ix) if issuing specified bond certificates, an indication of this;

ja-jp	十　特定社債権者が第百二十五条において準用する会社法第六百九十八条の規定による請求の全部又は一部をすることができないこととするときは、その旨
en-us	(x) if specified bondholders are not to be allowed to make the demand under Article 698 of the Companies Act as applied mutatis mutandis pursuant to Article 125 in whole or in part, an indication of this;

ja-jp	十の二　特定社債管理者を定めないこととするときは、その旨
en-us	(x)-2 if a specified bond manager is not to be designated, the statement to that effect;

ja-jp	十一　特定社債管理者が特定社債権者集会の決議によらずに第百二十七条第四項第二号に掲げる行為をすることができることとするときは、その旨
en-us	(xi) if the specified bond manager is to be allowed to perform the act set forth in Article 127, paragraph (4), item (ii) without a resolution at a specified bondholders meeting, an indication of this;

ja-jp	十一の二　特定社債管理補助者を定めることとするときは、その旨
en-us	(xi)-2 if an assistant specified bond manager is to be designated, the statement to that effect;

ja-jp	十二　募集特定社債の割当てを受ける者を定めるべき期限
en-us	(xii) the deadline for specifying which persons the specified bonds for subscription are to be allotted to;

ja-jp	十三　前号の期限までに募集特定社債の総額について割当てを受ける者を定めていない場合においてその残額を引き受けることを約した者があるときは、その氏名又は名称
en-us	(xiii) if there is a person that has promised to subscribe for the remaining amount of specified bonds for subscription in the event that the persons to which the full amount of specified bonds for subscription to be allotted have not been specified by the deadline referred to in the preceding item, the name of that person;

ja-jp	十四　各募集特定社債の払込金額（各募集特定社債と引換えに払い込む金銭の額をいう。以下この節（第百三十九条第二項及び第三項、第百四十四条第一項第二号並びに第百四十五条第一項第一号及び第二項を除く。）において同じ。）若しくはその最低金額又はこれらの算定方法
en-us	(xiv) the amount to be paid in for each specified bond for subscription (meaning the amount of monies to be paid in exchange for each specified bond for subscription; hereinafter the same applies in this Section (excluding Article 139, paragraphs (2) and (3); Article 144, paragraph (1), item (ii); and Article 145, paragraph (1), item (i) and paragraph (2))) or its minimum amount, or the method of calculating those amounts;

ja-jp	十五　募集特定社債と引換えにする金銭の払込みの期日
en-us	(xv) the due date for the payment of monies that is made in exchange for the specified bonds for subscription;

ja-jp	十六　銀行等の払込みの取扱いの場所
en-us	(xvi) the place where the bank or equivalent entity handles the payments;

ja-jp	十七　資産流動化計画に定められた特定資産（従たる特定資産を除く。）を特定するに足りる事項、当該特定資産の上に存在する特定目的会社に対抗することができる権利その他当該特定資産の価格を知るために必要な事項の概要
en-us	(xvii) an outline of information sufficient to identify the specified assets (other than secondary specified assets) set forth in the asset securitization plan, the rights to specified assets that may be asserted against the specified purpose company, and any other necessary information for learning the value of the specified assets;

ja-jp	十八　前号の特定資産につき、次に掲げる資産の区分に応じ、それぞれ次に定める事項
en-us	(xviii) the information about the specified assets referred to in the preceding item that each of the following items prescribes in accordance with the category of assets set forth in each item:

ja-jp	イ　土地若しくは建物又はこれらに関する権利若しくは資産であって政令で定めるもの　政令で定める不動産鑑定士によるこれらの資産に係る不動産の鑑定評価の評価額
en-us	(a) land or buildings, or the associated rights or assets that Cabinet Order prescribes: the appraised value as determined through a real property appraisal of the assets by a real property appraiser prescribed by Cabinet Order;

ja-jp	ロ　イに掲げる資産以外の資産　特定目的会社以外の者であって政令で定めるものが当該資産の価格につき調査した結果
en-us	(b) assets other than those set forth in (a): the results of an investigation into the value of those assets by a person other than the specified purpose company that Cabinet Order prescribes.

ja-jp	十九　資産流動化計画に他の特定社債の発行についての定めがあるときは、当該他の特定社債の第四号から第八号まで及び第十四号に掲げる事項及びその発行状況
en-us	(xix) if the asset securitization plan provides for the issuance of any other specified bonds, the information set forth in items (iv) through (viii) and item (xiv) with regard to those other specified bonds and their issuance status;

ja-jp	二十　資産流動化計画に特定短期社債の発行についての定めがあるときは、当該特定短期社債の限度額その他の内閣府令で定める事項及びその発行状況
en-us	(xx) if the asset securitization plan provides for the issuance of specified short-term bonds, the limit on the amount of those specified short-term bonds and any other information that Cabinet Office Order prescribes with regard to them, and their issuance status;

ja-jp	二十一　資産流動化計画に特定約束手形の発行についての定めがあるときは、当該特定約束手形の限度額その他の内閣府令で定める事項及びその発行状況
en-us	(xxi) if the asset securitization plan provides for the issuance of specified promissory notes, the limit on the amount of those specified promissory notes and any other information that Cabinet Office Order prescribes with regard to them, and their issuance status;

ja-jp	二十二　資産流動化計画に特定借入れについての定めがあるときは、その限度額その他の内閣府令で定める事項及びその借入状況
en-us	(xxii) if the asset securitization plan provides for specified borrowings, the limit on the amount of those borrowings and any other information that Cabinet Office Order prescribes with regard to them, and the status of those borrowings; and

ja-jp	二十三　前各号に掲げるもののほか、内閣府令で定める事項
en-us	(xxiii) beyond what is set forth in the preceding items, information that Cabinet Office Order prescribes.

ja-jp	２　前条第一項の募集に応じて募集特定社債の引受けの申込みをする者は、次に掲げる事項を記載した書面を特定目的会社に交付しなければならない。
en-us	(2) A person making an offer to subscribe for specified bonds for subscription in response to the solicitation referred to in paragraph (1) of the preceding Article must deliver a document stating the following information to the specified purpose company:

ja-jp	一　申込みをする者の氏名又は名称及び住所
en-us	(i) the name and address of the person making the offer;

ja-jp	二　引き受けようとする募集特定社債の金額及び金額ごとの数
en-us	(ii) the amount of specified bonds for subscription for which the person seeks to subscribe and the number of specified bonds for each amount; and

ja-jp	三　特定目的会社が前項第十四号の最低金額を定めたときは、希望する払込金額
en-us	(iii) if the specified purpose company has fixed the minimum amount referred to in item (xiv) of the preceding paragraph, the desired amount to be paid in.

ja-jp	３　前項の申込みをする者は、同項の書面の交付に代えて、政令で定めるところにより、特定目的会社の承諾を得て、同項の書面に記載すべき事項を電磁的方法により提供することができる。この場合において、当該申込みをした者は、同項の書面を交付したものとみなす。
en-us	(3) In lieu of delivering the document referred to in the preceding paragraph, a person making an offer referred to in that paragraph may provide the specified purpose company with the information that the person is required to enter in the document referred to in that paragraph by electronic or magnetic means, with the consent of the specified purpose company and pursuant to Cabinet Order provisions. In doing so, the person making the offer is deemed to have delivered the document referred to in that paragraph.

ja-jp	４　第一項の規定は、特定目的会社が同項各号に掲げる事項を記載した金融商品取引法第二条第十項に規定する目論見書を第一項の申込みをしようとする者に対して交付している場合その他募集特定社債の引受けの申込みをしようとする者の保護に欠けるおそれがないものとして内閣府令で定める場合には、適用しない。
en-us	(4) The provisions of paragraph (1) do not apply if the specified purpose company has delivered a prospectus prescribed in Article 2, paragraph (10) of the Financial Instruments and Exchange Act that states the information set forth in the items of that paragraph to the person seeking to make the offer referred to in paragraph (1), nor do they apply in a case that Cabinet Office Order prescribes as one that is unlikely to result in insufficient protection of the person seeking to make an offer to subscribe for the specified bonds for subscription.

ja-jp	５　特定目的会社は、第一項各号に掲げる事項について変更があったときは、直ちに、その旨及び当該変更があった事項を第二項の申込みをした者（以下この節において「申込者」という。）に通知しなければならない。
en-us	(5) If information set forth in the items of paragraph (1) changes, the specified purpose company must immediately notify any person that has made an offer referred to in paragraph (2) (hereinafter referred to as the "offeror" in this Subsection) of this and of the information that has changed.

ja-jp	６　特定目的会社が申込者に対してする通知又は催告は、第二項第一号の住所（当該申込者が別に通知又は催告を受ける場所又は連絡先を当該特定目的会社に通知した場合にあっては、その場所又は連絡先）にあてて発すれば足りる。
en-us	(6) It is sufficient for a notice or demand that a specified purpose company issues to an offeror to be sent to the address referred to in paragraph (2), item (i) (or, if the offeror has notified the specified purpose company of another place or contact address for receiving notices or demands, to that place or contact address).

ja-jp	７　前項の通知又は催告は、その通知又は催告が通常到達すべきであった時に、到達したものとみなす。
en-us	(7) The notice or demand referred to in the preceding paragraph is deemed to have arrived at the time that it would normally arrive.

ja-jp	８　特定目的会社は、第一項第十三号に規定する者がある場合を除き、同項第十二号の期限までに募集特定社債の総額について割当てを受ける者を定めていない場合には、募集特定社債の全部を発行してはならない。
en-us	(8) Unless there is a person referred to in paragraph (1), item (xiii), if a specified purpose company has not specified which persons it will allot the total amount of specified bonds for subscription to by the deadline referred to in item (xii) of that paragraph, the company must not issue all of the specified bonds for subscription.

ja-jp	９　取締役は、申込者から資産流動化計画の閲覧又は当該資産流動化計画の謄本若しくは抄本の交付の求めがあったときは、これに応じなければならない。
en-us	(9) A director must respond to an offeror's request to inspect the asset securitization plan or to be issued a certified copy or extract of the asset securitization plan.

ja-jp	１０　第四十条第九項の規定は申込者から資産流動化計画の謄本又は抄本の交付の求めがあった場合について、会社法第六十四条（払込金の保管証明）の規定は第一項第十六号の払込みの取扱いをした銀行等について、それぞれ準用する。この場合において、第四十条第九項中「前項」とあるのは「第百二十二条第九項」と、同法第六十四条第一項中「第五十七条第一項」とあるのは「資産流動化法第百二十一条第一項」と、「発起人」とあるのは「取締役」と、「これらの規定により」とあるのは「当該募集特定社債と引換えに」と、同条第二項中「第三十四条第一項若しくは前条第一項の規定により」とあるのは「募集特定社債と引換えに」と、「成立後の株式会社」とあるのは「特定目的会社」と読み替えるものとする。
en-us	(10) The provisions of Article 40, paragraph (9) apply mutatis mutandis if an offeror requests to be issued a certified copy or extract of the asset securitization plan, and the provisions of Article 64 (Certificate of Deposit of Paid Money) of the Companies Act apply mutatis mutandis to the bank or equivalent entity handling the payment prescribed in paragraph (1), item (xvi). In such a case, the term "the preceding paragraph" in Article 40, paragraph (9) is deemed to be replaced with "Article 122, paragraph (9)"; the terms "Article 57, paragraph (1)", "the incorporators", and "pursuant to those provisions" in Article 64, paragraph (1) of the Companies Act are deemed to be replaced with "Article 121, paragraph (1) of the Asset Securitization Act", "the directors", and "in exchange for the specified bonds for subscription", respectively; and the terms "pursuant to the provisions of Article 34, paragraph (1) or paragraph (1) of the preceding Article" and "the stock company after establishment" in Article 64, paragraph (2) of the Companies Act are deemed to be replaced with "in exchange for the specified bonds for subscription" and "the specified purpose company", respectively.

ja-jp	（募集特定社債の割当て）
en-us	(Allotment of Specified Bonds for Subscription)

ja-jp	第百二十三条　特定目的会社は、申込者の中から募集特定社債の割当てを受ける者を定め、かつ、その者に割り当てる募集特定社債の金額及び金額ごとの数を定めなければならない。この場合において、特定目的会社は、当該申込者に割り当てる募集特定社債の金額ごとの数を、前条第二項第二号の数よりも減少することができる。
en-us	Article 123 (1) A specified purpose company must specify which persons among the offerors the specified bonds for subscription are to be allotted to, and fix the amount of specified bonds for subscription and the number of specified bonds for subscription for each amount to be allotted to those persons. In doing so, the specified purpose company may reduce the number of specified bonds for subscription for each amount to be allotted to those offerors to below the number referred to in paragraph (2), item (ii) of the preceding Article.

ja-jp	２　特定目的会社は、前条第一項第十五号の期日の前日までに、申込者に対し、当該申込者に割り当てる募集特定社債の金額及び金額ごとの数を通知しなければならない。
en-us	(2) A specified purpose company must notify an offeror of the amount of specified bonds for subscription and the number of specified bonds for subscription for each amount to be allotted to that offeror, by the day before the due date referred to in paragraph (1), item (xv) of the preceding Article.

ja-jp	（募集特定社債の申込み及び割当てに関する特則）
en-us	(Special Provisions on Subscription for and Allotment of Specified Bonds for Subscription)

ja-jp	第百二十四条　前二条の規定は、募集特定社債を引き受けようとする者がその総額の引受けを行う契約を締結する場合には、適用しない。
en-us	Article 124 The provisions of the preceding two Articles do not apply if a person seeking to subscribe for specified bonds for subscription concludes a contract to subscribe for the total amount of specified bonds for subscription.

ja-jp	（会社法の準用）
en-us	(Application, Mutatis Mutandis, of the Companies Act)

ja-jp	第百二十五条　会社法第六百八十条から第七百一条まで（第六百八十四条第四項及び第五項を除く。）（募集社債の社債権者、社債原簿、社債原簿記載事項を記載した書面の交付等、社債原簿管理人、社債原簿の備置き及び閲覧等、社債権者に対する通知等、共有者による権利の行使、社債券を発行する場合の社債の譲渡、社債の譲渡の対抗要件、権利の推定等、社債権者の請求によらない社債原簿記載事項の記載又は記録、社債権者の請求による社債原簿記載事項の記載又は記録、社債券を発行する場合の社債の質入れ、社債の質入れの対抗要件、質権に関する社債原簿の記載等、質権に関する社債原簿の記載事項を記載した書面の交付等、信託財産に属する社債についての対抗要件等、社債券の発行、社債券の記載事項、記名式と無記名式との間の転換、社債券の喪失、利札が欠けている場合における社債の償還、社債の償還請求権等の消滅時効）の規定は、特定目的会社が特定社債を発行する場合における特定社債、特定社債権者、特定社債券又は特定社債原簿について準用する。この場合において、これらの規定中「社債原簿記載事項」、「社債発行会社」及び「無記名社債」とあるのは、それぞれ「特定社債原簿記載事項」、「特定社債発行会社」及び「無記名特定社債」と、同法第六百八十条中「募集社債」とあるのは「募集特定社債」と、同条第二号中「前条」とあるのは「資産流動化法第百二十四条」と、同法第六百八十一条第一号中「第六百七十六条第三号から第八号の二まで」とあるのは「資産流動化法第百二十二条第一項第六号から第十一号の二まで」と、同法第六百八十三条及び第六百八十四条第一項中「社債原簿管理人」とあるのは「特定社債原簿管理人」と、同法第六百八十五条第五項中「第七百二十条第一項」とあるのは「資産流動化法第百二十九条第二項において準用する第七百二十条第一項」と、同法第六百九十八条中「第六百七十六条第七号」とあるのは「資産流動化法第百二十二条第一項第十号」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。
en-us	Article 125 The provisions of Articles 680 through 701 (excluding Article 684, paragraphs (4) and (5)) (Bondholders of Bonds for Subscription; Bond Register; Delivery of Documents Showing Information Entered in Bond Register; Manager of Bond Register; Keeping and Making Available for Inspection of Bond Register; Notices to Bondholders; Exercise of Rights by Co-owners; Perfection of Assignment of Bonds; Presumption of Rights; Entering or Recording Information Required to Be Entered in Bond Register without Being Requested by Bondholder; Entering or Recording Information Required to Be Entered in Bond Register as Requested by Bondholder; Pledges of Bonds with Issued Certificates; Perfection of Pledge of Bonds; Entries in Bond Register Regarding Pledges; Delivery of Documents Showing Information Entered in Bond Register regarding Pledges; Issuing of Bond Certificates; Information Required to Be Shown on Bond Certificates; Conversions Between Registered Bonds and Bearer Bonds; Loss of Bond Certificates; Redemption of Bonds Where Coupons Missing; Extinctive Prescription of Right to Claim Redemption of Bonds) of the Companies Act apply mutatis mutandis to specified bonds, specified bondholders, specified bond certificates, and specified bond register if a specified purpose company issues specified bonds. In such a case, the terms "information required to be entered in the bond register", "bond-issuing company", and "bearer bonds" in those provisions are deemed to be replaced with "information required to be entered in the specified bond register", "company issuing the specified bonds", and "specified bonds in bearer form", respectively; the term "bonds for subscription" in Article 680 of the Companies Act is deemed to be replaced with "specified bonds for subscription"; the term "the preceding Article" in Article 680, item (ii) of that Act is deemed to be replaced with "Article 124 of the Asset Securitization Act"; the term "Article 676, items (iii) through (viii)-2" in Article 681, item (i) of the Companies Act is deemed to be replaced with "Article 122, paragraph (1), items (vi) through (xi)-2 of the Asset Securitization Act"; the term "the bond register administrator" in Article 683 and Article 684, paragraph (1) of the Companies Act is deemed to be replaced with "specified bond register administrator"; the term "Article 720, paragraph (1)" in Article 685, paragraph (5) of the Companies Act is deemed to be replaced with "Article 720, paragraph (1) as applied mutatis mutandis pursuant to Article 129, paragraph (2) of the Asset Securitization Act"; the term "Article 676, item (vii)" in Article 698 of the Companies Act is deemed to be replaced with "Article 122, paragraph (1), item (x)" of the Asset Securitization Act; and Cabinet Order provides for any other necessary technical replacement of terms.

ja-jp	（特定社債管理者の設置）
en-us	(Employment of Specified Bond Managers)

ja-jp	第百二十六条　特定目的会社は、特定社債を発行する場合には、特定社債管理者を定め、特定社債権者のために、弁済の受領、債権の保全その他の特定社債の管理を行うことを委託しなければならない。ただし、その募集に係る各募集特定社債の金額が一億円以上である場合その他特定社債権者の保護に欠けるおそれがないものとして内閣府令で定める場合は、この限りでない。
en-us	Article 126 If a specified purpose company issues specified bonds, it must employ a specified bond manager and entrust that manager with receiving payments, preserving claims, and any other management of the specified bonds on behalf of the specified bondholders; provided, however, that this does not apply if the amount of each specified bond for subscription to which its solicitation pertains is 100 million yen or more, or to other cases that Cabinet Office Order prescribes as those that are unlikely to result in insufficient protection of the specified bondholders.

ja-jp	（特定社債管理者の権限等）
en-us	(Authority of Specified Bond Managers)

ja-jp	第百二十七条　特定社債管理者は、特定社債権者のために特定社債に係る債権の弁済を受け、又は特定社債に係る債権の実現を保全するために必要な一切の裁判上又は裁判外の行為をする権限を有する。
en-us	Article 127 (1) A specified bond manager has the authority to engage in any act in or out of court on behalf of a specified bondholder that is necessary for receiving the payment of claim under the specified bond or for preserving the fulfillment of the claim under the specified bond.

ja-jp	２　特定社債管理者が前項の弁済を受けた場合には、特定社債権者は、その特定社債管理者に対し、特定社債の償還額及び利息の支払を請求することができる。この場合において、特定社債券を発行する旨の定めがあるときは、特定社債権者は、特定社債券と引換えに当該償還額の支払を、利札と引換えに当該利息の支払を請求しなければならない。
en-us	(2) If a specified bond manager receives payment as referred to in the preceding paragraph, the specified bondholder may demand payment of the redemption amount for the specified bonds or their interest from the specified bond manager. In such a case, if there are provisions indicating that specified bond certificates are to be issued, the specified bondholders must claim payment of the redemption amount in exchange for the specified bond certificate and claim payment of the interest in exchange for the coupon.

ja-jp	３　前項前段の規定による請求権は、これを行使することができる時から十年間行使しないときは、時効によって消滅する。
en-us	(3) The right to claim payment referred to in the first sentence of the preceding paragraph is extinguished by prescription if it is not exercised for ten years from the time when the right became exercisable.

ja-jp	４　特定社債管理者は、特定社債権者集会の決議によらなければ、次に掲げる行為をしてはならない。ただし、第二号に掲げる行為については、第百二十二条第一項の規定により同項第十一号に掲げる事項を通知した場合は、この限りでない。
en-us	(4) A specified bond manager must not perform the following acts without a resolution at a specified bondholders meeting; provided, however, that this does not apply with regard to the act set forth in item (ii), if persons have been notified of the information referred to in Article 122, paragraph (1), item (xi) pursuant to the provisions of that paragraph:

ja-jp	一　当該特定社債の全部についてするその支払の猶予、その債務若しくはその債務の不履行によって生じた責任の免除又は和解（次号に掲げる行為を除く。）
en-us	(i) with respect to all of the specified bonds, granting extension for the payment of those bonds, or releasing, or settling those obligations or liability arising from the failure to perform the obligations of those bonds (excluding the acts set forth in the following item); and

ja-jp	二　当該特定社債の全部についてする訴訟行為又は破産手続、再生手続若しくは特別清算に関する手続に属する行為（第一項の行為を除く。）
en-us	(ii) carrying out procedural acts for all specified bonds, or carrying out acts involved in bankruptcy, rehabilitation, or special liquidation proceedings for all specified bonds (other than an action set forth in paragraph (1)).

ja-jp	５　特定社債管理者は、前項ただし書の規定により特定社債権者集会の決議によらずに同項第二号に掲げる行為をしたときは、遅滞なく、その旨を公告し、かつ、知れている特定社債権者には、各別にこれを通知しなければならない。
en-us	(5) Having performed an act set forth in item (ii) of the preceding paragraph without recourse to a resolution at a specified bondholders meeting pursuant to the proviso to the preceding paragraph, the specified bond manager must issue public notice of this and separately notify each known specified bondholder of this without delay.

ja-jp	６　前項の規定による公告は、特定社債を発行した特定目的会社（以下この節において「特定社債発行会社」という。）における公告の方法によりしなければならない。ただし、その方法が電子公告（第百九十四条第一項第三号に規定する電子公告をいう。）であるときは、その公告は、官報に掲載する方法でしなければならない。
en-us	(6) The public notice under the preceding paragraph must be issued by the means of public notice used at the specified purpose company that has issued the specified bonds (hereinafter referred to as the "company issuing the specified bonds" in this Section); provided, however, that if the company's means of notice is electronic public notice (meaning electronic public notice prescribed in Article 194, paragraph (1), item (iii)), public notice must be issued by publication in the Official Gazette.

ja-jp	７　特定社債管理者は、その管理の委託を受けた特定社債につき第一項の行為又は第四項各号に掲げる行為をするために必要があるときは、特定社債発行会社の業務及び財産の状況を調査することができる。
en-us	(7) If it is necessary for the specified bond manager to do so in order to perform the act set forth in paragraph (1) or the act set forth in the items of paragraph (4) for specified bonds whose management the specified bond manager has been entrusted with, the manager may investigate the status of business and assets of the company issuing the specified bonds.

ja-jp	８　会社法第七百三条（社債管理者の資格）、第七百四条（社債管理者の義務）、第七百七条から第七百十四条まで（特別代理人の選任、社債管理者等の行為の方式、二以上の社債管理者がある場合の特則、社債管理者の責任、社債管理者の辞任、社債管理者が辞任した場合の責任、社債管理者の解任、社債管理者の事務の承継）、第八百六十八条第四項（非訟事件の管轄）、第八百六十九条（疎明）、第八百七十条第一項（第二号に係る部分に限る。）（陳述の聴取）、第八百七十一条（理由の付記）、第八百七十二条（第四号に係る部分に限る。）（即時抗告）、第八百七十四条（第一号及び第四号に係る部分に限る。）（不服申立ての制限）、第八百七十五条（非訟事件手続法の規定の適用除外）及び第八百七十六条（最高裁判所規則）の規定は、特定社債管理者について準用する。この場合において、これらの規定中「社債」、「社債権者」、「社債発行会社」及び「社債権者集会」とあるのは、それぞれ「特定社債」、「特定社債権者」、「特定社債発行会社」及び「特定社債権者集会」と、同法第七百九条第二項中「第七百五条第一項」とあるのは「資産流動化法第百二十七条第一項」と、同法第七百十条第一項中「この法律」とあるのは「資産流動化法」と、同法第七百十一条第二項中「第七百二条」とあるのは「資産流動化法第百二十六条」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。
en-us	(8) The provisions of Article 703 (Qualifications of Bond Managers); Article 704 (Obligations of Bond Managers); Articles 707 through 714 (Appointment of Special Agent; Method of Acts of Bond Managers; Special Provisions for Multiple Bond Managers; Liability of Bond Managers; Resignation of Bond Managers; Liability of Bond Managers after Resignation; Dismissal of Bond Managers); Article 868, paragraph (4) (Jurisdiction over Non-Contentious Cases); Article 869 (Prima Facie Showing); Article 870, paragraph (1) (but only the part that involves item (ii)) (Hearing of Statements); Article 871 (Appending of the Reason); Article 872 (but only the part that involves item (iv)) (Immediate Appeal); Article 874 (but only the part that involves items (i) and (iv)) (Restrictions on Appeal); Article 875 (Exclusion from the Application of the Provisions of the Non-Contentious Cases Procedures Act); and Article 876 (Supreme Court Rule) of the Companies Act apply mutatis mutandis to specified bond managers. In such a case, the terms "bonds", "bondholder", "bond-issuing company", and "bondholders meeting" in those provisions are deemed to be replaced with "specified bonds", "specified bondholders", "company issuing the specified bonds", and "specified bondholders' meeting", respectively; the term "paragraph (1) of Article 705" in Article 709, paragraph (2) of the Companies Act is deemed to be replaced with "Article 127, paragraph (1) of the Asset Securitization Act"; the term "this Act" in Article 710, paragraph (1) of the Companies Act is deemed to be replaced with "the Asset Securitization Act"; the term "Article 702" in Article 711, paragraph (2) of the Companies Act is deemed to be replaced with "Article 126 of the Asset Securitization Act"; and Cabinet Order provides for any other necessary technical replacement of terms.

ja-jp	（特定社債管理補助者）
en-us	(Assistant Specified Bond Administrator)

ja-jp	第百二十七条の二　特定目的会社は、第百二十六条ただし書に規定する場合には、特定社債管理補助者を定め、特定社債権者のために、特定社債の管理の補助を行うことを委託することができる。ただし、当該特定社債が担保付社債である場合は、この限りでない。
en-us	Article 127-2 (1) In the case provided in the proviso to Article 126, a company may specify an assistant specified bond manager and entrust that assistant specified bond manager to assist bond administration for the benefit of the bondholders; provided, however, that this does not apply if the relevant bonds are secured bonds.

ja-jp	２　会社法第七百十四条の三から第七百十四条の七まで（社債管理補助者の資格、社債管理補助者の権限等、二以上の社債管理補助者がある場合の特則、社債管理者等との関係、社債管理者に関する規定の準用）、第八百六十八条第四項（非訟事件の管轄）、第八百六十九条（疎明）、第八百七十条第一項（第二号に係る部分に限る。）（陳述の聴取）、第八百七十一条（理由の付記）、第八百七十二条（第四号に係る部分に限る。）（即時抗告）、第八百七十四条（第一号及び第四号に係る部分に限る。）（不服申立ての制限）、第八百七十五条（非訟事件手続法の規定の適用除外）及び第八百七十六条（最高裁判所規則）の規定は、特定社債管理補助者について準用する。この場合において、これらの規定（同法第七百十四条の七を除く。）中「社債権者」とあるのは「特定社債権者」と、「社債」とあるのは「特定社債」と、同法第七百十四条の四第二項中「第七百十四条の二」とあるのは「資産流動化法第百二十七条の二第一項」と、同項第二号中「第七百五条第一項」とあるのは「資産流動化法第百二十七条第一項」と、同項第三号中「第七百六条第一項各号」とあるのは「資産流動化法第百二十七条第四項各号」と、同項第四号中「社債発行会社」とあるのは「特定社債発行会社」と、同条第三項中「社債権者集会」とあるのは「特定社債権者集会」と、同条第四項中「第七百十四条の二」とあるのは「資産流動化法第百二十七条の二第一項」と、同条第五項中「第七百五条第二項及び第三項」とあるのは「資産流動化法第百二十七条第二項及び第三項」と、同法第七百十四条の六中「第七百二条」とあるのは「資産流動化法第百二十六条」と、「第七百十四条の二」とあるのは「資産流動化法第百二十七条の二第一項」と、同法第七百十四条の七中「第七百四条中」とあるのは「これらの規定（同項を除く。）中「社債権者」とあるのは「特定社債権者」と、これらの規定中「社債権者集会」とあるのは「特定社債権者集会」と、「社債発行会社」とあるのは「特定社債発行会社」と、第七百四条中」と、「社債の管理の補助」とあるのは「特定社債の管理の補助」と、「同項中」とあるのは「同項中「この法律」とあるのは「資産流動化法」と、」と、「社債権者に対し」」とあるのは「特定社債権者に対し」」と、「第七百十四条の二」とあるのは「資産流動化法第百二十七条の二第一項」と、「又は解散した」と」とあるのは「又は解散した」と、同条第二項中「社債」とあるのは「特定社債」と」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。
en-us	(2) The provisions of Articles 714-3 through 714-7 (Qualifications of Bond Administration Assistant, Bond Administration Assistant's Power of Representation, Special Provisions for Multiple Assistant Bond Administrators, Relationship with Bond Administrators, Application Mutatis Mutandis of Provisions on Bond Administrators), Article 867, paragraph (4) (Jurisdiction over Non-Contentious Cases), Article 869 (Prima Facie Showing), Article 870-1 (Hearing of Statements) (limited to the part relating to item (ii), Article 871 (Appending of the Reason), Article 872 (Immediate Appeals) (limited to the part relating to item (iv)), Article 874 (Restrictions on Appeal) (limited to the part relating to items (i) and (iv)), Article 875 (Exclusion from Application of the Provisions of the Non-Contentious Cases Procedures Act), and Article 876 (Supreme Court Rules) of the Companies Act apply mutatis mutandis to an assistant specified bond manager. In this case, the terms "holders of bonds" and "bonds" in these provisions (excluding Article 714-7 of that Act) is deemed to be replaced with "specified bondholders" and "specified bonds," respectively; the term "Article 714-2" in Article 714-4, paragraph (2) of that Act is deemed to be replaced with "Article 127-2, paragraph (1) of the Asset Securitization Act"; the term "Article 705, paragraph (5)" in item (ii) of that paragraph is deemed to be replaced with "Article 127, paragraph (1) of the Asset Securitization Act"; the term "items of paragraph (1) of Article 706" in item (iii) of that paragraph is deemed to be replaced with "items of paragraph (4) of Article 127 of the Asset Securitization Act"; the term "bond-issuing company" in item (iv) of that paragraphs is deemed to be replaced with "company issuing the specified bonds"; the term "bondholders meeting" in paragraph (3) of that Article is deemed to be replaced with "specified bondholders meeting"; the term "Article 714-2" in paragraph (4) of that Article is deemed to be replaced with "Article 127-2, paragraph (1) of the Asset Securitization Act"; the term "Article 705, paragraphs (2) and (3)" in paragraph (5) of that Article is deemed to be replaced with "Article 127, paragraphs (2) and (3) of the Asset Securitization Act"; the term "Article 702" in Article 714-6 of that Act is deemed to be replaced with "Article 126, of the Asset Securitization Act"; the term "Article 714-2" in that Article is deemed to be replaced with "Article 127-2, paragraph (1) of the Asset Securitization Act"; the phrase "In these case, "the administration of bonds" in Article 704" is deemed to place with "In these cases, the term "bondholders" in these provisions (excluding that paragraph) is deemed to be replaced with "specified bondholders"; the term "bondholders meeting" in these provisions is deemed to be replaced with "specified bondholders meeting"; the term "bond-issuing company" in these provisions is deemed to be replace with "company issuing the specified bonds"; the "the administration of bonds" in Article 704"; the term "assistance with the administration of the bonds" in that Article is deemed to be replaced with "assistance with the administration of specified bonds"; the phrase ""jointly and severally liable to compensate bondholders" in that paragraph" in that Article is deemed to be replaced with "the term "this Act" in that paragraph is deemed to be replaced with "the Asset Securitization Act"; the term "jointly and severally liable to compensate bondholders" in that paragraph"; the term ""liable to compensate bondholders"" is deemed to be replaced with ""liable to compensate specified bondholders""; the term "Article 714-22" in that Article is deemed to be replaced with "Article 127-2, paragraph (1) of the Asset Securitization Act"; the term ""died or has been dissolved"" in that Article is deemed to be replaced with ""or has been dissolved""; the term "bonds" in paragraph (2) of that Article is deemed to be replaced with "specified bonds";

ja-jp	第百二十八条　特定目的会社の特定社債権者は、当該特定目的会社の財産について他の債権者に先立って自己の特定社債に係る債権の弁済を受ける権利を有する。ただし、資産流動化計画をもって別段の定めをすることを妨げない。
en-us	Article 128 (1) The specified bondholders of a specified purpose company are entitled to have the claims under their own specified bonds paid in preference to other creditors from the assets of the specified purpose company; provided, however, that this does not preclude the asset securitization plan from providing otherwise.

ja-jp	２　前項の先取特権の順位は、民法の規定による一般の先取特権に次ぐものとする。
en-us	(2) The precedence of a statutory lien as referred to in the preceding paragraph comes after the general statutory liens pursuant to the provisions of the Civil Code.

ja-jp	（特定社債権者集会）
en-us	(Specified Bondholders Meetings)

ja-jp	第百二十九条　特定社債権者は、特定社債の種類（第百二十五条において準用する会社法第六百八十一条第一号に規定する種類をいう。）ごとに特定社債権者集会を組織する。
en-us	Article 129 (1) The specified bondholders organize a specified bondholders meeting for each class (meaning a class prescribed in Article 681, item (i) of the Companies Act as applied mutatis mutandis pursuant to Article 125) of specified bonds.

ja-jp	２　会社法第四編第三章（第七百十五条を除く。）（社債権者集会）、第七編第二章第七節（社債発行会社の弁済等の取消しの訴え）、第八百六十八条第四項（非訟事件の管轄）、第八百六十九条（疎明）、第八百七十条第一項（第七号から第九号までに係る部分に限る。）（陳述の聴取）、第八百七十一条（理由の付記）、第八百七十二条（第四号に係る部分に限る。）（即時抗告）、第八百七十三条（原裁判の執行停止）、第八百七十四条（第四号に係る部分に限る。）（不服申立ての制限）、第八百七十五条（非訟事件手続法の規定の適用除外）及び第八百七十六条（最高裁判所規則）の規定は、特定目的会社が特定社債を発行する場合における特定社債、特定社債権者、特定社債券、特定社債管理者、特定社債管理補助者、特定社債原簿又は特定社債権者集会について準用する。この場合において、これらの規定中「社債発行会社」とあるのは「特定社債発行会社」と、「無記名社債」とあるのは「無記名特定社債」と、「代表社債権者」とあるのは「代表特定社債権者」と、同法第七百十六条中「この法律」とあるのは「資産流動化法又は資産流動化計画」と、同法第七百二十条第五項中「電子公告」とあるのは「電子公告（資産流動化法第百九十四条第一項第三号に規定する電子公告をいう。）」と、同法第七百二十一条中「社債権者集会参考書類」とあるのは「特定社債権者集会参考書類」と、同法第七百二十四条第二項第一号中「第七百六条第一項各号」とあるのは「資産流動化法第百二十七条第四項各号」と、同項第二号中「第七百六条第一項」とあるのは「資産流動化法第百二十七条第四項」と、同法第七百三十三条第一号中「第六百七十六条」とあるのは「資産流動化法第百二十二条第一項」と、同法第七百三十七条第二項中「第七百五条第一項から第三項まで、第七百八条及び第七百九条」とあるのは「資産流動化法第百二十七条第一項から第三項まで並びに同条第八項において準用する第七百八条及び第七百九条」と、同法第七百四十条第一項中「第四百四十九条、第六百二十七条、第六百三十五条、第六百七十条、第七百七十九条（第七百八十一条第二項において準用する場合を含む。）、第七百八十九条（第七百九十三条第二項において準用する場合を含む。）、第七百九十九条（第八百二条第二項において準用する場合を含む。）、第八百十条（第八百十三条第二項において準用する場合を含む。）又は第八百十六条の八」とあるのは「資産流動化法第百十一条」と、同条第二項中「第七百二条」とあるのは「資産流動化法第百二十六条」と、同条第三項中「第四百四十九条第二項、第六百二十七条第二項、第六百三十五条第二項、第六百七十条第二項、第七百七十九条第二項（第七百八十一条第二項において準用する場合を含む。以下この項において同じ。）、第七百八十九条第二項（第七百九十三条第二項において準用する場合を含む。以下この項において同じ。）、第七百九十九条第二項（第八百二条第二項において準用する場合を含む。以下この項において同じ。）、第八百十条第二項（第八百十三条第二項において準用する場合を含む。以下この項において同じ。）及び第八百十六条の八第二項」とあるのは「資産流動化法第百十一条第二項」と、「第四百四十九条第二項、第六百二十七条第二項、第六百三十五条第二項、第六百七十条第二項、第七百七十九条第二項、第七百九十九条第二項及び第八百十六条の八第二項」とあるのは「同項」と、同法第七百四十一条第三項中「第七百五条第一項（第七百三十七条第二項」とあるのは「資産流動化法第百二十七条第一項（資産流動化法第百二十九条第二項において準用する第七百三十七条第二項」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。
en-us	(2) The provisions of Part IV, Chapter III (excluding Article 715) (Bondholders Meeting); Part VII, Chapter II, Section 7 (Action Seeking Rescission of Performance of a Bond-issuing Company); Article 868, paragraph (4) (Jurisdiction over Non-Contentious Cases); Article 869 (Prima Facie Showing); Article 870, paragraph (1) (but only the part that involves items (vii) through (ix)) (Hearing of Statements); Article 871 (Appending of the Reason); Article 872 (but only the part that involves item (iv)) (Immediate Appeal); Article 873 (Stay of Execution of the Judicial Decision of the Prior Instance); Article 874 (but only the part that involves item (iv)) (Restrictions on Appeal); Article 875 (Exclusion from Application of the Provisions of the Non-Contentious Cases Procedures Act); and Article 876 (Supreme Court Rules) of the Companies Act apply mutatis mutandis to specified bonds, specified bondholders, specified bond certificates, specified bond managers, assistant specified bond managers, specified bond registries, and specified bondholders meetings, if a specified purpose company issues specified bonds. In such a case, the terms "bond-issuing company", "bearer bonds", and "representative bondholder" in those provisions are deemed to be replaced with "company issuing the specified bonds", "specified bonds in bearer form", and "representative specified bondholder", respectively; the term "this Act" in Article 716 of the Companies Act is deemed to be replaced with "the Asset Securitization Act or the asset securitization plan"; the term "electronic public notice" in Article 720, paragraph (5) of the Companies Act is deemed to be replaced with "electronic public notice (meaning electronic public notice prescribed in Article 194, paragraph (1), item (iii) of the Asset Securitization Act)"; the term "bondholders meeting reference documents" in Article 721 of the Companies Act is deemed to be replaced with "reference documents for a specified bondholders meeting"; the term "each item of Article 706, paragraph (1)" in Article 724, paragraph (2), item (i) of the Companies Act is deemed to be replaced with "the items of Article 127, paragraph (4) of the Asset Securitization Act"; the term "paragraph (1) of Article 706" in Article 724, paragraph (2), item (ii) of the Companies Act is deemed to be replaced with "Article 127, paragraph (4) of the Asset Securitization Act"; the term "Article 676" in Article 733, item (i) of the Companies Act is deemed to be replaced with "Article 122, paragraph (1) of the Asset Securitization Act"; the term "paragraphs (1) through (3) of Article 705, and under Articles 708 and 709" in Article 737, paragraph (2) of the Companies Act is deemed to be replaced with "Article 127, paragraphs (1) through (3) of the Asset Securitization Act and the provisions of Article 708 and Article 709 of the Companies Act as applied mutatis mutandis pursuant to Article 127, paragraph (8) of the Asset Securitization Act"; the phrase "Article 449, Article 627, Article 635, Article 670, Article 779 (including cases where applied mutatis mutandis under Article 781, paragraph (2)), Article 789 (including cases where applied mutatis mutandis under Article 793, paragraph (2)), Article 799 (including cases where applied mutatis mutandis under Article 802, paragraph (2)), Article 810 (including cases where applied mutatis mutandis in Article 813, paragraph (2)) or Article 816-8" in Article 740, paragraph (1) of the Companies Act is deemed to be replaced with "Article 111 of the Asset Securitization Act"; the term "Article 702" in Article 740, paragraph (2) of the Companies Act is deemed to be replaced with "Article 126 of the Asset Securitization Act"; the phrase "Article 449, paragraph (2), Article 627, paragraph (2), Article 635, paragraph (2), Article 670, paragraph (2), Article 779, paragraph (2) (including cases where applied mutatis mutandis under Article 781, paragraph (2); hereinafter the same applies in this paragraph), Article 789, paragraph (2) (including cases where applied mutatis mutandis under Article 793, paragraph (2); hereinafter the same applies in this paragraph), Article 799, paragraph (2) (including cases where applied mutatis mutandis under Article 802, paragraph (2); hereinafter the same applies in this paragraph), Article 810, paragraph (2) (including cases where applied mutatis mutandis under Article 813, paragraph (2); hereinafter the same applies in this paragraph), and Article 816-8, paragraph (2)" in paragraph (3) of that Article is deemed to be replaced with "Article 111, paragraph (2) of the Asset Securitization Act"; the term "Article 449, paragraph (2), Article 627, paragraph (2), Article 635, paragraph (2), Article 670, paragraph (2), Article 779, paragraph (2), Article 799, paragraph (2), and Article 816-8, paragraph (2)" in that paragraph is deemed to be replaced with "that paragraph"; the term "paragraph (1) of Article 705 (including as applied mutatis mutandis pursuant to Article 737, paragraph (2))" in Article 741, paragraph (3) of the Companies Act is deemed to be replaced with "Article 127, paragraph (1) (including as applied mutatis mutandis pursuant to Article 737, paragraph (2) of the Companies Act as applied mutatis mutandis pursuant to Article 129, paragraph (2) of the Asset Securitization Act) of the Asset Securitization Act"; and Cabinet Order provides for any other necessary technical replacement of terms.

ja-jp	（担保付社債信託法等の適用関係）
en-us	(Application of the Secured Bond Trust Act)

ja-jp	第百三十条　特定社債は、担保付社債信託法その他の政令で定める法令の適用については、政令で定めるところにより、社債とみなす。
en-us	Article 130 To apply the Secured Bond Trust Act and other laws and regulations specified by Cabinet Order, specified bonds are deemed to be corporate bonds, pursuant to the provisions of Cabinet Order.

ja-jp	第二款　転換特定社債
en-us	Subsection 2 Convertible Specified Bonds

ja-jp	（転換特定社債の発行）
en-us	(Issuance of Convertible Specified Bonds)

ja-jp	第百三十一条　特定目的会社は、資産流動化計画の定めるところに従い、転換特定社債を発行することができる。
en-us	Article 131 (1) A specified purpose company may issue convertible specified bonds in accordance with the provisions of the asset securitization plan.

ja-jp	２　第二種特定目的会社が優先出資社員以外の者に対して特に有利な転換の条件を付した転換特定社債を発行する場合には、資産流動化計画にこれに関する定めがあるときにおいても、その者に対して発行することができる転換特定社債の総額、払込金額、転換の条件、転換によって発行すべき優先出資の内容及び転換を請求することができる期間について、社員総会の決議によらなければならない。この場合においては、取締役は、当該社員総会において、優先出資社員以外の者に対して特に有利な払込金額をもって転換特定社債を発行することを必要とする理由を説明しなければならない。
en-us	(2) If a Type II Specified Purpose Company issues convertible specified bonds with conditions for conversion that are particularly favorable to persons other than preferred equity members, the total amount of convertible specified bonds that may be issued to those persons, the amount to be paid in, the conditions for conversion, the details of the preferred equity to be issued upon conversion, and the period during which a person may request the conversion must be decided by resolution at a general meeting of members, even if the asset securitization plan provides for these particulars. In such a case, the director, at that general meeting of members, must explain the reason for the need to issue convertible specified bonds in an amount to be paid in that is particularly favorable to persons other than preferred equity members.

ja-jp	３　前項の決議は、当該決議後最初に発行する転換特定社債であって、当該決議の日から六箇月以内に発行すべきものについてのみ効力を有する。
en-us	(3) The resolution referred to in the preceding paragraph is effective only on the first convertible specified bonds issued after the resolution is adopted, and these convertible specified bonds must be issued within six months from the date of that resolution.

ja-jp	４　第三十九条第三項の規定は、第二項の決議について準用する。
en-us	(4) The provisions of Article 39, paragraph (3) apply mutatis mutandis to the resolution referred to in paragraph (2).

ja-jp	（転換特定社債発行事項の公示）
en-us	(Public Notice of Information on Issuance of Convertible Specified Bonds)

ja-jp	第百三十二条　特定目的会社は、転換特定社債（前条第二項の決議があったものを除く。）を発行する場合には、転換特定社債の総額、払込金額、転換の条件、転換によって発行すべき優先出資の内容、転換を請求することができる期間及び募集の方法を公告し、又は社員に通知しなければならない。
en-us	Article 132 (1) If a specified purpose company issues convertible specified bonds (other than those on which a resolution referred to in paragraph (2) of the preceding Article has been adopted), the company must issue public notice or notify the members of the total amount of convertible specified bonds, the amount to be paid in, conditions for conversion, details of the preferred equity to be issued upon conversion, the period during which a person may request their conversion, and the means of subscribing for them.

ja-jp	２　特定目的会社は、電子情報処理組織を使用する方法その他の情報通信の技術を利用する方法により前項の通知をする場合には、政令で定めるところにより、社員の承諾を得て、内閣府令で定める方法により、当該通知をしなければならない。
en-us	(2) If a specified purpose company is to issue the notice referred to in the preceding paragraph using an electronic data processing system or by using other information and communications technology, the company must obtain the consent of the members pursuant to the provisions of Cabinet Order, and issue that notice using the means that Cabinet Office Order prescribes.

ja-jp	３　特定目的会社は、第一項の規定による公告又は通知の日から二週間を経過した後でなければ、転換特定社債の割当てをすることができない。
en-us	(3) A specified purpose company may not allot convertible specified bonds until after two weeks have passed since the date on which the public notice or notice under paragraph (1) was issued.

ja-jp	（転換特定社債発行の手続）
en-us	(Procedures for Issuing Convertible Specified Bonds)

ja-jp	第百三十三条　転換特定社債については、第百二十一条第一項の募集に応じて募集特定社債の引受けの申込みをしようとする者に対し、第百二十二条第一項の規定により通知すべき事項のほか、次に掲げる事項を通知しなければならない。
en-us	Article 133 (1) For convertible specified bonds, in addition to the information of which, pursuant to Article 122, paragraph (1), a specified purpose company must notify a person that seeks to make an offer to subscribe for specified bonds for subscription in response to the solicitation referred to in Article 121, paragraph (1), the company must notify that person of the following information:

ja-jp	一　転換特定社債を優先出資に転換することができること。
en-us	(i) that the convertible specified bonds may be converted into preferred equity;

ja-jp	二　転換の条件
en-us	(ii) the conditions for conversion;

ja-jp	三　転換によって発行すべき優先出資の内容
en-us	(iii) the details of the preferred equity that it is to issue upon conversion; and

ja-jp	四　転換を請求することができる期間
en-us	(iv) the period during which the person may request conversion.

ja-jp	２　転換特定社債については、前項各号に掲げる事項を、特定社債原簿に記載し、又は記録し、かつ、転換特定社債券を発行したときは、当該転換特定社債券に記載しなければならない。
en-us	(2) The information set forth in the items of the preceding paragraph must be entered or recorded in the specified bond register for convertible specified bonds, and if convertible specified bond certificates are issued, that information must be entered in the convertible specified bond certificates.

ja-jp	（転換特定社債の登記）
en-us	(Registration of Convertible Specified Bonds)

ja-jp	第百三十四条　転換特定社債を発行する場合においては、第百二十二条第一項第十五号に規定する期日から二週間以内に、本店の所在地において、転換特定社債の登記をしなければならない。
en-us	Article 134 (1) If a specified purpose company issues convertible specified bonds, the convertible specified bonds must be registered in the locality of its head office within two weeks from the due date prescribed in Article 122, paragraph (1), item (xv).

ja-jp	２　前項の登記においては、次に掲げる事項を登記しなければならない。
en-us	(2) The following information must be registered in a registration as referred to in the preceding paragraph:

ja-jp	一　転換特定社債の総額
en-us	(i) the total amount of convertible specified bonds;

ja-jp	二　各転換特定社債の金額
en-us	(ii) the amount of each convertible specified bond;

ja-jp	三　各転換特定社債について払い込んだ金額
en-us	(iii) the amount paid in for each convertible specified bond; and

ja-jp	四　前条第一項各号に掲げる事項
en-us	(iv) the information set forth in the items of paragraph (1) of the preceding Article.

ja-jp	３　会社法第九百十五条第一項（変更の登記）の規定は、前項各号に掲げる事項に変更が生じた場合について準用する。
en-us	(3) The provisions of Article 915, paragraph (1) (Registration of a Change) of the Companies Act apply mutatis mutandis if a piece of information set forth in an item of the preceding paragraph changes.

ja-jp	４　外国において転換特定社債を引き受ける者の募集をした場合において、登記すべき事項が外国において生じたときは、登記の期間については、その通知が到達した時から起算する。
en-us	(4) If a specified purpose company solicits a person subscribing for convertible specified bonds in a foreign state and a particular required to be registered arises in a foreign state, the period for registration is counted from the date on which the notice of that information arrives.

ja-jp	（転換の請求）
en-us	(Request for Conversion)

ja-jp	第百三十五条　転換の請求は、次に掲げる事項を明らかにしてしなければならない。
en-us	Article 135 (1) To request the conversion of convertible specified bonds, a person must disclose the following information:

ja-jp	一　転換をする特定社債
en-us	(i) the specified bonds to convert; and

ja-jp	二　請求の日
en-us	(ii) the date of the request.

ja-jp	２　転換を請求する者は、転換特定社債券を特定目的会社に提出しなければならない。ただし、当該転換特定社債券が発行されていないときは、この限りでない。
en-us	(2) A person requesting a conversion must submit the convertible specified bond certificate to the specified purpose company; provided, however, that this does not apply if the convertible specified bond certificate has not been issued.

ja-jp	（基準日後に転換により発行された優先出資の議決権）
en-us	(Voting Rights from Preferred Equity Issued upon Conversion after the Reference Date)

ja-jp	第百三十六条　特定目的会社が、社員総会において議決権を行使することのできる優先出資社員を定めるため第四十三条第二項の規定により一定の日を定めているときは、その日以後の転換の請求によって発行された優先出資については、優先出資社員は、当該優先出資については、議決権を有しない。
en-us	Article 136 If a specified purpose company has fixed a specific date pursuant to the provisions of Article 43, paragraph (2) in order to specify which preferred equity members are entitled to vote at general meetings of members, a preferred equity member that holds preferred equity issued based on a request for conversion after that date is not entitled to vote.

ja-jp	（優先出資社員となる時期）
en-us	(Timing of Becoming a Preferred Equity Member)

ja-jp	第百三十七条　第百三十五条第一項の規定により転換の請求をした者は、同項第二号の日に優先出資社員となる。
en-us	Article 137 A person requesting a conversion pursuant to the provisions of Article 135, paragraph (1) becomes a preferred equity member on the date referred to in item (ii) of that paragraph.

ja-jp	（会社法等の準用）
en-us	(Application, Mutatis Mutandis, of the Companies Act)

ja-jp	第百三十八条　会社法第百五十一条第一項（各号を除く。）（株式の質入れの効果）、第二百十条（募集株式の発行等をやめることの請求）、第二百十二条第一項（第一号に係る部分に限る。）（不公正な払込金額で株式を引き受けた者等の責任）及び第九百十五条第三項（第一号に係る部分に限る。）（変更の登記）の規定は、特定目的会社の転換特定社債について準用する。この場合において、同法第百五十一条第一項中「株式会社が次に掲げる行為をした場合」とあるのは「転換特定社債の転換がされた場合」と、「当該行為」とあるのは「当該転換」と、「株主」とあるのは「転換特定社債権者」と、同法第二百十条中「株主」とあるのは「社員」と、「第百九十九条第一項」とあるのは「資産流動化法第百二十一条第一項」と、同条第一号中「法令又は定款」とあるのは「法令、資産流動化計画又は定款」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。
en-us	Article 138 (1) The provisions of Article 151, paragraph (1) (excluding the items) (Effect of Pledge of Shares); Article 210 (Demanding Cessation of Issuance of Shares for Subscription); Article 212, paragraph (1) (but only the part that involves item (i)) (Liabilities of Persons Who Subscribed for Shares with Unfair Amount To Be Paid In); and Article 915, paragraph (3) (but only the part that involves item (i)) (Registration of a Change) of the Companies Act apply mutatis mutandis to a specified purpose company's convertible specified bonds. In such a case, the terms "If a stock company carries out any of the acts set forth below", "such act", and "shareholders" in Article 151, paragraph (1) of the Companies Act are deemed to be replaced with "If the conversion of convertible specified bonds has been effected", "such conversion", and "convertible specified bondholders", respectively; the terms "shareholders" and "Article 199, paragraph (1)" in Article 210 of the Companies Act are deemed to be replaced with "members" and "Article 121, paragraph (1) of the Asset Securitization Act", respectively; the term "laws and regulations or the articles of incorporation" in Article 210, item (i) of the Companies Act is deemed to be replaced with "laws and regulations, the articles of incorporation, or the Asset Securitization Act"; and Cabinet Order provides for any other necessary technical replacement of terms.

ja-jp	２　第九十七条第三項及び会社法第七編第二章第二節（第八百四十七条第二項、第八百四十七条の二、第八百四十七条の三、第八百四十九条第二項、第三項及び第六項から第十一項まで、第八百四十九条の二、第八百五十一条並びに第八百五十三条第一項第二号及び第三号を除く。）（株式会社における責任追及等の訴え）の規定は、前項において準用する同法第二百十二条第一項の規定による支払を求める訴えについて準用する。この場合において、同法第八百四十七条第一項中「六箇月（これを下回る期間を定款で定めた場合にあっては、その期間）前から引き続き株式を有する株主（第百八十九条第二項の定款の定めによりその権利を行使することができない単元未満株主を除く。）」とあるのは「特定社員又は六箇月（これを下回る期間を定款で定めた場合にあっては、その期間）前から引き続き優先出資を有する優先出資社員」と、同条第三項中「株主」とあるのは「特定社員又は優先出資社員」と、同条第四項中「株主又は同項の発起人等」とあるのは「特定社員又は優先出資社員」と、同条第五項中「株主」とあるのは「特定社員又は優先出資社員」と、同法第八百四十七条の四第二項中「株主等（株主、適格旧株主又は最終完全親会社等の株主をいう。以下この節において同じ。）」とあるのは「特定社員又は優先出資社員」と、「当該株主等」とあるのは「当該特定社員又は優先出資社員」と、同法第八百四十九条第一項中「株主等」とあるのは「特定社員若しくは優先出資社員」と、同条第四項中「株主等」とあるのは「特定社員又は優先出資社員」と、同条第五項中「株主」とあるのは「特定社員及び優先出資社員」と、同法第八百五十条第三項及び第八百五十二条中「株主等」とあるのは「特定社員又は優先出資社員」と、同法第八百五十三条第一項第一号中「株主」とあるのは「特定社員若しくは優先出資社員」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。
en-us	(2) The provisions of Article 97, paragraph (3) of this Act and the provisions of Part VII, Chapter II, Section 2 (excluding Article 847, paragraph (2); Article 847-2; Article 847-3; Article 849, paragraph (2), paragraph (3), and paragraphs (6) through (11); Article 849-2; Article 851; and Article 853, paragraph (1), items (ii) and (iii)) (Action to Enforce Liability at a Stock Company) of the Companies Act apply mutatis mutandis to an action for demanding payment under Article 212, paragraph (1) of the Companies Act as applied mutatis mutandis pursuant to the preceding paragraph. In such a case, the phrase "A shareholder (excluding a holder of shares less than one unit who is unable to exercise rights pursuant to the provisions of the articles of incorporation) having the shares consecutively for the preceding six months or more (or, in cases where a shorter period is prescribed in the articles of incorporation, that period or more)" in Article 847, paragraph (1) of the Companies Act is deemed to be replaced with "A specified equity member or a preferred equity member that has held preferred equity continuously for the preceding six months (or, if a shorter period is provided for in the articles of incorporation, that period)"; the term "shareholder" in paragraph (3) of that Article is deemed to be replaced with "specified equity member or preferred equity member"; the phrase "shareholder who made such demand or the incorporator, etc. referred to in that paragraph" in paragraph (4) of that Article is deemed to be replaced with "specified equity member or preferred equity member"; the term "shareholder" in paragraph (5) of that Article is deemed to be replaced with "specified equity member or preferred equity member"; the term "shareholder, etc. (meaning a shareholder, a qualified former shareholder or a shareholder of an ultimate, wholly owning parent company, etc.; hereinafter the same applies in this Section)" in Article 847-4, paragraph (2) of that Act is deemed to be replaced with "specified equity member or preferred equity member"; the term "the shareholder, etc." in that paragraph is deemed to be replaced with "that specified equity member or preferred equity member"; the term "shareholder, etc." in Article 849, paragraph (1) of that Act is deemed to be replaced with "specified equity member or preferred equity member"; the term "shareholder, etc." in paragraph (4) of that Article is deemed to be replaced with "specified equity member or preferred equity member"; the term "shareholders" in paragraph (5) of that Article is deemed to be replaced with "specified equity members or preferred equity members"; the term "shareholders, etc." in Article 850, paragraph (3) of that Act is deemed to be replaced with "specified equity members or preferred equity members"; the term "shareholder, etc." in Article 852 of that Act is deemed to be replaced with "specified equity member or preferred equity member"; the term "shareholder" in Article 853, paragraph (1), item (i) of that Act is deemed to be replaced with "specified equity member or preferred equity member"; and Cabinet Order provides for any other necessary technical replacement of terms.

ja-jp	第三款　新優先出資引受権付特定社債
en-us	Subsection 3 Specified Bonds with Preferred Equity Subscription Rights

ja-jp	（新優先出資引受権付特定社債の発行）
en-us	(Issuance of Specified Bonds with Preferred Equity Subscription Rights)

ja-jp	第百三十九条　特定目的会社は、資産流動化計画の定めるところに従い、新優先出資引受権付特定社債を発行することができる。
en-us	Article 139 (1) A specified purpose company may issue specified bonds with preferred equity subscription rights in accordance with the provisions of the asset securitization plan.

ja-jp	２　各新優先出資引受権付特定社債に付する新優先出資の引受権の行使に際して出資される金銭の額（次項、第百四十四条第一項第二号並びに第百四十五条第一項第一号及び第二項において「払込金額」という。）の合計額は、各新優先出資引受権付特定社債の金額を超えることができない。
en-us	(2) The total amount to be contributed upon exercise of the subscription rights embedded in each specified bond with preferred equity subscription rights (referred to as the "amount to be paid in" in the following paragraph, Article 144, paragraph (1), item (ii), and Article 145, paragraph (1), item (i), and paragraph (2)) may not exceed the amount of that specified bond with preferred equity subscription rights.

ja-jp	３　新優先出資の引受権のみを譲渡することができる新優先出資引受権付特定社債を発行する場合には、資産流動化計画にこれに関する定めがあるときにおいても、新優先出資引受権付特定社債の総額、新優先出資の引受権の行使によって発行する優先出資の払込金額の総額及び新優先出資の引受権を行使することができる期間について、社員総会の決議によらなければならない。ただし、新優先出資引受権付特定社債であって行使されていない新優先出資の引受権に係る優先出資の払込金額の総額が現に存する新優先出資引受権付特定社債の総額を超えない場合に限り償還及び消却をするものを発行するときは、この限りでない。
en-us	(3) If a specified purpose company issues specified bonds with preferred equity subscription rights that allow the preferred equity subscription rights to be transferred independently, the total amount of specified bonds with preferred equity subscription rights, the total amount to be paid in for the preferred equity issued upon the exercise of those subscription rights, and the period during which the preferred equity subscription rights may be exercised must be decided by resolution at a general meeting of members, even if the asset securitization plan provides for these particulars; provided, however, that this does not apply if the company issues specified bonds with preferred equity subscription rights that it only redeems or cancels if the total amount to be paid in for the preferred equity associated with unexercised preferred equity subscription rights does not exceed the total amount of existing specified bonds with preferred equity subscription rights.

ja-jp	４　第二種特定目的会社が、優先出資社員以外の者に対して特に有利な内容の新優先出資の引受権を付した新優先出資引受権付特定社債を発行する場合には、資産流動化計画にこれに関する定めがあるときにおいても、その者に対して発行することができる新優先出資引受権付特定社債の額、払込金額、新優先出資の引受権の内容及び新優先出資の引受権を行使することができる期間について、社員総会の決議によらなければならない。この場合においては、取締役は、当該社員総会において、優先出資社員以外の者に対して特に有利な払込金額をもって新優先出資引受権付特定社債を発行することを必要とする理由を説明しなければならない。
en-us	(4) If a Type II Specified Purpose Company issues specified bonds with preferred equity subscription rights and the details of the embedded preferred equity subscription rights are particularly favorable to persons other than preferred equity members, the amount of specified bonds with preferred equity subscription rights that may be issued to those persons, the amount to be paid in, the details of the subscription rights, and the period during which the subscription rights may be exercised must be decided by resolution at a general meeting of members, even if the asset securitization plan provides for these particulars. In such a case, the directors, at the general meeting of members, must explain the reason for the need to issue the specified bonds with preferred equity subscription rights in an amount to be paid in that is particularly favorable to persons other than preferred equity members.

ja-jp	５　第百三十一条第三項及び第四項の規定は、前二項の社員総会の決議について準用する。この場合において、同条第三項中「転換特定社債」とあるのは、「新優先出資引受権付特定社債」と読み替えるものとする。
en-us	(5) The provisions of Article 131, paragraphs (3) and (4) apply mutatis mutandis to a resolution at a general meeting of members referred to in the preceding two paragraphs. In such a case, the term "convertible specified bonds" in Article 131, paragraph (3) is deemed to be replaced with "specified bonds with preferred equity subscription rights ".

ja-jp	（新優先出資引受権付特定社債発行事項の公示）
en-us	(Public Notice of Information on Issuance of Specified Bonds with Preferred Equity Subscription Rights)

ja-jp	第百四十条　特定目的会社は、新優先出資引受権付特定社債（前条第四項の決議があったものを除く。）を発行するときは、新優先出資引受権付特定社債の総額、払込金額、新優先出資の引受権の内容、新優先出資の引受権を行使することができる期間及び募集の方法を公告し、又は社員に通知しなければならない。
en-us	Article 140 (1) If a specified purpose company issues specified bonds with preferred equity subscription rights (other than ones with regard to which a resolution referred to in paragraph (4) of the preceding Article has been adopted), the company must issue public notice or notify the members of the total amount of specified bonds with preferred equity subscription rights, the amount to be paid in, the details of the preferred equity subscription rights, the period during which the preferred equity subscription rights may be exercised, and the means of subscribing for them.

ja-jp	２　第百三十二条第二項の規定は、前項の通知について準用する。
en-us	(2) The provisions of Article 132, paragraph (2) apply mutatis mutandis to the notice referred to in the preceding paragraph.

ja-jp	３　特定目的会社は、第一項の規定による公告又は通知の日から二週間を経過した後でなければ、新優先出資引受権付特定社債の割当てをすることができない。
en-us	(3) A specified purpose company may not allot specified bonds with preferred equity subscription rights until after two weeks have passed since the date on which the public notice or notice under paragraph (1) was issued.

ja-jp	（新優先出資引受権付特定社債発行の手続）
en-us	(Procedures for Issuing Specified Bonds with Preferred Equity Subscription Rights)

ja-jp	第百四十一条　新優先出資引受権付特定社債については、第百二十一条第一項の募集に応じて募集特定社債の引受けの申込みをしようとする者に対し、第百二十二条第一項の規定により通知すべき事項のほか、次に掲げる事項を通知しなければならない。
en-us	Article 141 (1) For specified bonds with preferred equity subscription rights, in addition to the information of which, pursuant to Article 122, paragraph (1), a specified purpose company must notify a person that seeks to make an offer to subscribe for specified bonds for subscription in response to the solicitation referred to in Article 121, paragraph (1), the company must notify that person of the following information:

ja-jp	一　新優先出資引受権付特定社債であること。
en-us	(i) that they are specified bonds with preferred equity subscription rights;

ja-jp	二　第五条第一項第二号ニ（２）から（５）までに掲げる事項
en-us	(ii) the information set forth in Article 5, paragraph (1), item (ii), sub-item (d), 2 through 5; and

ja-jp	三　第百四十五条第二項に規定する払込みを取り扱う銀行等及びその取扱いの場所
en-us	(iii) the bank or equivalent entity that handles the payments prescribed in Article 145, paragraph (2) and the place where it handles those payments.

ja-jp	２　新優先出資引受権付特定社債については、新優先出資引受権付特定社債券を発行したときは、当該新優先出資引受権付特定社債券に前項各号に掲げる事項を記載しなければならない。ただし、次条第一項の新優先出資引受権証券を発行するときは、この限りでない。
en-us	(2) If certificates representing specified bonds with preferred equity subscription rights are issued, the information set forth in the items of the preceding paragraph must be entered in them; provided, however, that this does not apply if preferred equity subscription warrants referred to in paragraph (1) of the following Article are issued.

ja-jp	３　新優先出資引受権付特定社債については、第一項各号に掲げる事項を特定社債原簿に記載し、又は記録しなければならない。
en-us	(3) The information set forth in the items of paragraph (1) must be entered or recorded in the specified bond register for specified bonds with preferred equity subscription rights.

ja-jp	（新優先出資引受権証券の発行と方式）
en-us	(Issuance of Preferred Equity Subscription Warrants and Their Format)

ja-jp	第百四十二条　資産流動化計画に新優先出資の引受権のみを譲渡することができる旨の定めがある場合においては、特定目的会社は、新優先出資引受権証券を発行しなければならない。
en-us	Article 142 (1) If the asset securitization plan provides that preferred equity subscription rights may be transferred independently, the specified purpose company must issue preferred equity subscription warrants.

ja-jp	２　新優先出資引受権証券には、次に掲げる事項及び番号を記載し、代表取締役がこれに署名し、又は記名押印しなければならない。
en-us	(2) The following information and serial numbers must be entered in preferred equity subscription warrants, and the representative director must sign them or have their name and personal seal affixed to them:

ja-jp	一　新優先出資引受権証券であることの表示
en-us	(i) an indication that it is a preferred equity subscription warrant;

ja-jp	二　商号
en-us	(ii) the trade name;

ja-jp	三　第五条第一項第二号ニ（２）、（３）及び（５）に掲げる事項
en-us	(iii) the information set forth in Article 5, paragraph (1), item (ii), sub-item (d), 2, 3, and 5; and

ja-jp	四　前条第一項第三号に掲げる事項
en-us	(iv) the information referred to in Article 141, paragraph (1), item (iii).

ja-jp	（新優先出資引受権証券の譲渡方法）
en-us	(Means of Transferring Preferred Equity Subscription Warrants)

ja-jp	第百四十三条　新優先出資引受権証券が発行された場合には、新優先出資の引受権を譲渡するには、新優先出資引受権証券を交付しなければならない。
en-us	Article 143 (1) If preferred equity subscription warrants are issued, a preferred equity subscription right must be transferred through the delivery of the preferred equity subscription warrant.

ja-jp	２　会社法第二百五十八条第一項及び第二項（権利の推定等）並びに第二百九十一条（新株予約権証券の喪失）の規定は、新優先出資引受権証券について準用する。この場合において、同法第二百五十八条中「証券発行新株予約権」とあるのは、「新優先出資引受権」と読み替えるものとする。
en-us	(2) The provisions of Article 258, paragraphs (1) and (2) (Presumption of Rights) and Article 291 (Loss of Share Option Certificates) of the Companies Act apply mutatis mutandis to preferred equity subscription warrants. In such a case, the term "share options with issued certificate" in Article 258 of that Act is deemed to be replaced with "preferred equity subscription rights".

ja-jp	（新優先出資引受権付特定社債の登記）
en-us	(Registration of Specified Bonds with Preferred Equity Subscription Rights)

ja-jp	第百四十四条　新優先出資引受権付特定社債の登記においては、次に掲げる事項を登記しなければならない。
en-us	Article 144 (1) The following information must be registered in the registration of a specified bond with preferred equity subscription rights:

ja-jp	一　新優先出資引受権付特定社債であること。
en-us	(i) that it is a specified bond with preferred equity subscription rights;

ja-jp	二　新優先出資の引受権の行使によって発行する優先出資の払込金額の総額
en-us	(ii) the total amount to be paid in for preferred equity issued upon exercise of the preferred equity subscription right;

ja-jp	三　各新優先出資引受権付特定社債の金額
en-us	(iii) the amount of each specified bond with preferred equity subscription rights;

ja-jp	四　各新優先出資引受権付特定社債について払い込んだ金額
en-us	(iv) the amount paid in for each specified bond with preferred equity subscription rights; and

ja-jp	五　第五条第一項第二号ニ（１）から（３）までに掲げる事項
en-us	(v) the information set forth in Article 5, paragraph (1), item (ii), sub-item (d), 1 through 3

ja-jp	２　第百三十四条第一項、第三項及び第四項の規定は、新優先出資引受権付特定社債の登記について準用する。
en-us	(2) The provisions of Article 134, paragraphs (1), (3), and (4) apply mutatis mutandis to the registration of a specified bond with preferred equity subscription rights.

ja-jp	（新優先出資の引受権の行使等）
en-us	(Exercise of Preferred Equity Subscription Rights)

ja-jp	第百四十五条　新優先出資の引受権の行使は、次に掲げる事項を明らかにしてしなければならない。
en-us	Article 145 (1) To exercise preferred equity subscription rights, a person must disclose the following information:

ja-jp	一　新優先出資の引受権の行使によって発行される優先出資の払込金額
en-us	(i) the amount to be paid in for the preferred equity issued upon the exercise of preferred equity subscription rights;

ja-jp	二　新優先出資の引受権を行使する者の住所
en-us	(ii) the address of the person exercising the preferred equity subscription rights; and

ja-jp	三　新優先出資の引受権を行使する日
en-us	(iii) the date on which the preferred equity subscription rights are exercised.

ja-jp	２　新優先出資の引受権を行使する者は、新優先出資の払込金額の全額を払い込み、かつ、新優先出資引受権証券を発行しているときは、新優先出資引受権証券を特定目的会社に提出し、新優先出資引受権証券を発行していないとき（新優先出資引受権付特定社債券を発行していないときを除く。）は、新優先出資引受権付特定社債券を提示しなければならない。
en-us	(2) If a person exercising preferred equity subscription rights has paid the entire amount to be paid in for the new preferred equity and preferred equity subscription warrants have been issued, the person must submit its preferred equity subscription warrants to the specified purpose company, but if preferred equity subscription warrants have not been issued (excluding cases in which certificates representing specified bonds with preferred equity subscription rights have not been issued), the person must present the certificates representing the specified bonds with preferred equity subscription rights.

ja-jp	３　前項の払込みは、第百四十一条第一項第三号の銀行等の払込みの取扱いの場所においてしなければならない。
en-us	(3) A payment referred to in the preceding paragraph must be made at the place where the bank or equivalent entity handles those payments as referred to in Article 141, paragraph (1), item (iii).

ja-jp	（優先出資社員となる時期）
en-us	(Timing of Becoming a Preferred Equity Member)

ja-jp	第百四十六条　前条第一項の規定により新優先出資の引受権を行使した者は、同条第二項の払込みの時に優先出資社員となる。
en-us	Article 146 A person exercising a preferred equity subscription right pursuant to paragraph (1) of the preceding Article becomes a preferred equity member at the time of making the payment referred to in paragraph (2) of that Article.

ja-jp	（会社法等の準用）
en-us	(Application, Mutatis Mutandis, of the Companies Act)

ja-jp	第百四十七条　会社法第二百十条（募集株式の発行等をやめることの請求）及び第二百十二条第一項（第一号に係る部分に限る。）（不公正な払込金額で株式を引き受けた者等の責任）の規定は新優先出資引受権付特定社債について、第百三十六条並びに同法第九百十五条第三項（第一号に係る部分に限る。）（変更の登記）の規定は新優先出資引受権の行使について、それぞれ準用する。この場合において、同法第二百十条中「株主」とあるのは「社員」と、「第百九十九条第一項」とあるのは「資産流動化法第百二十一条第一項」と、同条第一号中「法令又は定款」とあるのは「法令、資産流動化計画又は定款」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。
en-us	Article 147 (1) The provisions of Article 210 (Demanding Cessation of the Issuing of Shares for Subscriptions) and Article 212, paragraph (1) (but only the part that involves item (i)) (Liabilities of Persons who Subscribed for Shares with Unfair Amount To Be Paid In) of the Companies Act apply mutatis mutandis to specified bonds with preferred equity subscription rights, and Article 136 of this Act and Article 915, paragraph (3) (but only the part that involves item (i)) (Registration of a Change) of the Companies Act apply mutatis mutandis to the exercise of preferred equity subscription rights. In such a case, the terms "shareholders" and "Article 199, paragraph (1)" in Article 210 of the Companies Act are deemed to be replaced with "members" and "Article 121, paragraph (1) of the Asset Securitization Act", respectively; the term "laws and regulations or the articles of incorporation" in Article 210, item (i) of the Companies Act is deemed to be replaced with "laws and regulations, the asset securitization plan, or the articles of incorporation"; and Cabinet Order provides for any other necessary technical replacement of terms.

ja-jp	２　第九十七条第三項及び会社法第七編第二章第二節（第八百四十七条第二項、第八百四十七条の二、第八百四十七条の三、第八百四十九条第二項、第三項及び第六項から第十一項まで、第八百四十九条の二、第八百五十一条並びに第八百五十三条第一項第二号及び第三号を除く。）（株式会社における責任追及等の訴え）の規定は、前項において準用する同法第二百十二条第一項の規定による支払を求める訴えについて準用する。この場合において、同法第八百四十七条第一項中「六箇月（これを下回る期間を定款で定めた場合にあっては、その期間）前から引き続き株式を有する株主（第百八十九条第二項の定款の定めによりその権利を行使することができない単元未満株主を除く。）」とあるのは「特定社員又は六箇月（これを下回る期間を定款で定めた場合にあっては、その期間）前から引き続き優先出資を有する優先出資社員」と、同条第三項中「株主」とあるのは「特定社員又は優先出資社員」と、同条第四項中「株主又は同項の発起人等」とあるのは「特定社員又は優先出資社員」と、同条第五項中「株主」とあるのは「特定社員又は優先出資社員」と、同法第八百四十七条の四第二項中「株主等（株主、適格旧株主又は最終完全親会社等の株主をいう。以下この節において同じ。）」とあるのは「特定社員又は優先出資社員」と、「当該株主等」とあるのは「当該特定社員又は優先出資社員」と、同法第八百四十九条第一項中「株主等」とあるのは「特定社員若しくは優先出資社員」と、同条第四項中「株主等」とあるのは「特定社員又は優先出資社員」と、同条第五項中「株主」とあるのは「特定社員及び優先出資社員」と、同法第八百五十条第三項及び第八百五十二条中「株主等」とあるのは「特定社員又は優先出資社員」と、同法第八百五十三条第一項第一号中「株主」とあるのは「特定社員若しくは優先出資社員」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。
en-us	(2) The provisions of Article 97, paragraph (3) of this Act, Part VII, Chapter II, Section 2 (excluding Article 847, paragraph (2); Article 847-2; Article 847-3; Article 849, paragraph (2), paragraph (3), and paragraphs (6) through (11); Article 849-2; Article 851; and Article 853, paragraph (1), items (ii) and (iii)) (Action to Enforce Liability at a Stock Company) of the Companies Act apply mutatis mutandis to an action for demanding payment under Article 212, paragraph (1) of the Companies Act as applied mutatis mutandis pursuant to the preceding paragraph. In such a case, the phrase "A shareholder (excluding a holder of shares of less than one unit who is unable to exercise their right pursuant to the provisions of the articles of incorporation under Article 189, paragraph (2)) having the shares consecutively for the preceding six months or more (or, in cases where a shorter period is prescribed in the articles of incorporation, that period or more)" in Article 847, paragraph (1) of the Companies Act is deemed to be replaced with "A specified equity member or a preferred equity member that has held preferred equity continuously for the preceding six months (or, if a shorter period is provided for in the articles of incorporation, that period)"; the term "shareholder" in paragraph (3) of that Article is deemed to be replaced with "specified equity member or preferred equity member"; the term "shareholder who made such demand or the incorporator, etc. referred to in that paragraph" in paragraph (4) of that Article is deemed to be replaced with "specified equity member or preferred equity member"; the term "shareholder" in paragraph (5) of that Article is deemed to be replaced with "specified equity member or preferred equity member"; the term "shareholder, etc. (meaning a shareholder, a qualified former shareholder or a shareholder of an ultimate, wholly owning parent company, etc.; hereinafter the same applies in this Section)" in Article 847-4, paragraph (2) of that Act is deemed to be replaced with "specified equity member or preferred equity member"; the term "the shareholder, etc." in that paragraph is deemed to be replaced with "that specified equity member or preferred equity member"; the term "shareholder, etc." in Article 849, paragraph (1) of that Act is deemed to be replaced with "specified equity member or preferred equity member"; the term "shareholder, etc." in paragraph (4) of that Article is deemed to be replaced with "specified equity member or preferred equity member"; the term "shareholders" in paragraph (5) of that Article is deemed to be replaced with "specified equity members or preferred equity members"; the term "shareholders, etc." in Article 850, paragraph (3) of that Act is deemed to be replaced with "specified equity members or preferred equity members"; the term "shareholder, etc." in Article 852 of that Act is deemed to be replaced with "specified equity member or preferred equity member"; the term "shareholder" in Article 853, paragraph (1), item (i) of that Act is deemed to be replaced with "specified equity member or preferred equity member"; and Cabinet Order provides for any other necessary technical replacement of terms.

ja-jp	第四款　特定短期社債
en-us	Subsection 4 Specified Short-Term Bonds

ja-jp	（特定短期社債の発行）
en-us	(Issuance of Specified Short-Term Bonds)

ja-jp	第百四十八条　特定目的会社は、特定短期社債については、次に掲げる場合に限り、これを発行することができる。
en-us	Article 148 A specified purpose company may issue specified short-term bonds only in the following cases:

ja-jp	一　次に掲げるすべての要件を満たすものである場合
en-us	(i) if all of the following requirements are satisfied:

ja-jp	イ　その発行の目的が、特定資産を取得するために必要な資金を調達するものであること。
en-us	(a) the purpose of issuing the specified short-term bonds is to procure the funds necessary to acquire specified assets;

ja-jp	ロ　資産流動化計画においてその発行の限度額が定められていること。
en-us	(b) the limit on the amount of specified short-term bonds it may issue is specified in the asset securitization plan; and

ja-jp	ハ　投資者の保護のため必要なものとして内閣府令で定める要件
en-us	(c) requirements that Cabinet Office Order prescribes as being necessary for the protection of investors.

ja-jp	二　この条の規定により発行した特定短期社債の償還のための資金を調達する場合
en-us	(ii) if the bonds are issued for the purpose of procuring funds for the redemption of specified short-term bonds issued pursuant to the provisions of this Article.

ja-jp	（特定社債に係る規定の適用除外等）
en-us	(Exclusion from Application of Provisions Related to Specified Bonds)

ja-jp	第百四十九条　特定短期社債については、特定社債原簿を作成することを要しない。
en-us	Article 149 (1) Specified short-term bonds do not require the preparation of a specified bond register.

ja-jp	２　特定短期社債については、第百二十一条第一項、第百二十九条、第百三十一条から第百四十七条まで及び第百五十四条の規定は、適用しない。
en-us	(2) The provisions of Article 121, paragraph (1); Article 129; Articles 131 through 147; and Article 154 do not apply to specified short-term bonds.

ja-jp	第七節　定款の変更
en-us	Section 7 Amending Articles of Incorporation

ja-jp	第百五十条　特定目的会社は、その成立後、社員総会の決議によって、定款を変更することができる。
en-us	Article 150 A specified purpose company may amend its articles of incorporation by resolution at a general meeting of members after its establishment.

ja-jp	第八節　資産流動化計画の変更
en-us	Section 8 Changing Asset Securitization Plans

ja-jp	（資産流動化計画の変更）
en-us	(Changing Asset Securitization Plans)

ja-jp	第百五十一条　特定目的会社は、社員総会の決議によらなければ資産流動化計画を変更することができない。
en-us	Article 151 (1) A specified purpose company may not change its asset securitization plan unless it does so by resolution at a general meeting of members.

ja-jp	２　前項の規定にかかわらず、次に掲げる事項については資産流動化計画を変更することができない。
en-us	(2) Notwithstanding the provisions of the preceding paragraph, the asset securitization plan may not be changed in connection with the following information:

ja-jp	一　第五条第一項第三号に掲げる事項のうち、内閣府令で定めるもの
en-us	(i) the information set forth in Article 5, paragraph (1), item (iii) that Cabinet Office Order prescribes;

ja-jp	二　第五条第一項第二号、第四号及び第五号に掲げる事項のうち、内閣府令で定めるもの（あらかじめその変更をする場合の条件が資産流動化計画に定められている場合を除く。）
en-us	(ii) the information set forth in Article 5, paragraph (1), items (ii), (iv), and (v) that Cabinet Office Order prescribes (excluding cases in which the conditions for changing that information have been provided for in the asset securitization plan in advance); and

ja-jp	三　資産流動化計画にその変更ができない旨の定めがあるもの
en-us	(iii) the particulars that are provided in the asset securitization plan as those that may not be changed.

ja-jp	３　前二項の規定にかかわらず、特定目的会社は、次に掲げる場合には、資産流動化計画を変更することができる。
en-us	(3) Notwithstanding the provisions of the preceding two paragraphs, a specified purpose company may change the asset securitization plan in the following cases:

ja-jp	一　その変更の内容が内閣府令で定める軽微な内容である場合
en-us	(i) if the details of the change are those that Cabinet Office Order prescribes as being minor;

ja-jp	二　社員、特定社債権者、特定約束手形の所持人及び特定借入れに係る債権者（次項において「利害関係人」という。）の全員の当該変更に係る事前の承諾がある場合
en-us	(ii) if it has the advance consent of all of the members, specified bondholders, holders of specified promissory notes, and creditors from which specified borrowings have been borrowed (referred to as "interested persons" in the following paragraph) to the change; or

ja-jp	三　その他投資者の保護に反しないことが明らかな場合として内閣府令で定める場合
en-us	(iii) in a case that Cabinet Office Order prescribes as one in which it is evident that the change will not jeopardize the protection of the investors.

ja-jp	４　特定目的会社は、資産流動化計画を変更したとき（前項の規定による場合に限る。）は、遅滞なく、その旨を各利害関係人に通知し、又は公告しなければならない。
en-us	(4) Having changed its asset securitization plan (but only in a case under the preceding paragraph), a specified purpose company must notify each interested person or issue public notice of this without delay.

ja-jp	５　第百三十二条第二項の規定は、前項の通知について準用する。この場合において、同条第二項中「社員」とあるのは、「社員、特定社債権者、特定約束手形の所持人及び特定借入れに係る債権者」と読み替えるものとする。
en-us	(5) The provisions of Article 132, paragraph (2) apply mutatis mutandis to the notice referred to in the preceding paragraph. In such a case, the term "members" in paragraph (2) of that Article is deemed to be replaced with "members, specified bondholders, holders of specified promissory notes, and creditors from which specified borrowings have been borrowed".

ja-jp	（計画変更決議）
en-us	(Resolutions for Change of the Plan)

ja-jp	第百五十二条　次の各号に掲げる特定目的会社は、資産流動化計画の変更の決議（以下この節において「計画変更決議」という。）を行う社員総会に係る第五十六条第一項の規定による招集の通知をするときは、当該各号に定める事項を記載した書類を交付しなければならない。
en-us	Article 152 (1) A specified purpose company set forth in one of following items must deliver a document stating the information that the item prescribes when issuing a notice of convocation under Article 56, paragraph (1) for a general meeting of members for voting on a resolution to change the asset securitization plan (hereinafter referred to as a "resolution for change of the plan" in this Section):

ja-jp	一　特定社債を発行している特定目的会社　第百五十四条第五項の規定により資産流動化計画の変更に反対する旨を特定目的会社に対し通知した特定社債権者が有する特定社債の額の合計額
en-us	(i) a specified purpose company issuing specified bonds: the total amount of specified bonds held by specified bondholders that have notified the specified purpose company that they will vote against the change of the asset securitization plan pursuant to Article 154, paragraph (5);

ja-jp	二　特定短期社債を発行している特定目的会社　第百五十五条第四項の規定により資産流動化計画の変更に反対する旨を特定目的会社に対し通知した特定短期社債権者が有する特定短期社債の額の合計額
en-us	(ii) a specified purpose company issuing specified short-term bonds: the total amount of specified short-term bonds held by the specified short-term bondholders that have notified the specified purpose company that they will vote against the change of the asset securitization plan pursuant to Article 155, paragraph (4);

ja-jp	三　特定約束手形を発行している特定目的会社　第百五十六条第三項において準用する第百五十五条第四項の規定により資産流動化計画の変更に反対する旨を特定目的会社に対し通知した特定約束手形の所持人に係る特定約束手形に係る債務の額の合計額
en-us	(iii) a specified purpose company issuing specified promissory notes: the total amount of obligations undertaken in relation to specified promissory notes held by the holders of specified promissory notes that have notified the specified purpose company that they will vote against the change of the asset securitization plan pursuant to Article 155, paragraph (4) as applied mutatis mutandis pursuant to Article 156, paragraph (3); and

ja-jp	四　特定借入れを行っている特定目的会社　第百五十七条第二項において準用する第百五十五条第四項の規定により資産流動化計画の変更に反対する旨を特定目的会社に対し通知した特定借入れに係る債権者に係る特定借入れの額の合計額
en-us	(iv) a specified purpose company that has specified borrowings: the total amount of specified borrowings from the creditors from which specified borrowings have been borrowed that have notified the specified purpose company that they will vote against the change of the asset securitization plan pursuant to Article 155, paragraph (4) as applied mutatis mutandis pursuant to Article 157, paragraph (2).

ja-jp	２　前項の特定目的会社にあっては、第五十六条第三項において準用する第五十五条第三項の承諾をした社員に対し電磁的方法により前項の招集の通知をするときは、同項の書類に記載すべき事項を当該通知とともに電磁的方法により提供することができる。ただし、社員の請求があったときは、同項の書類を当該社員に交付しなければならない。
en-us	(2) If a specified purpose company referred to in the preceding paragraph issues a notice of convocation as referred to in the preceding paragraph by electronic or magnetic means to the members that have given their consent referred to in Article 55, paragraph (3) as applied mutatis mutandis pursuant to Article 56, paragraph (3), the specified purpose company may provide those members with the information that is required to be entered in the documents prescribed in Article 55, paragraph (3) by electronic or magnetic means, together with that notice; provided, however, that it must provide a member with the documents referred to in Article 55, paragraph (3) if that member so requests.

ja-jp	３　第三十九条第三項の規定は、計画変更決議について準用する。
en-us	(3) The provisions of Article 39, paragraph (3) apply mutatis mutandis to a resolution for change of the plan.

ja-jp	（反対優先出資社員の優先出資買取請求権）
en-us	(Dissenting Preferred Equity Members' Right to Demand the Purchase of Their Preferred Equity)

ja-jp	第百五十三条　計画変更決議を行う社員総会に先立ってその変更に反対する旨を特定目的会社に対し通知し、かつ、当該社員総会において当該変更に反対した優先出資社員（当該社員総会において議決権を行使することができるものに限る。）は、当該特定目的会社に対し、自己の有する優先出資を公正な価格で買い取ることを請求することができる。
en-us	Article 153 (1) Preferred equity members that notify a specified purpose company that they will vote against a change prior to the general meeting of members for voting on a resolution for change of the plan and that vote against the change at that general meeting of members (this is limited to those entitled to vote at that general meeting of members) may demand that the specified purpose company purchase their preferred equity at a fair price.

ja-jp	２　前項の請求（以下この条において「優先出資買取請求」という。）は、計画変更決議の日（特定社債を発行する特定目的会社にあっては、次条第一項に規定する特定社債権者集会の承認の決議の日。次項において同じ。）の二十日前の日から当該計画変更決議の日の前日までの間に、その優先出資買取請求に係る優先出資の種類及び口数を明らかにしてしなければならない。
en-us	(2) To make the demand referred to in the preceding paragraph (hereinafter referred to as a "demand for a preferred equity to be purchased " in this Article), a person must disclose the class and the number of units of preferred equity subject to the demand within the period that runs from the day twenty days before the date of the resolution for change of the plan (for a specified purpose company that issues specified bonds, the date of the resolution of approval at the specified bondholders meeting referred to in paragraph (1) of the following Article; the same applies in the following paragraph) up to the day before the date of the resolution for change of the plan.

ja-jp	３　優先出資買取請求があった場合において、優先出資の価格の決定につき、優先出資社員と特定目的会社との間に協議が調ったときは、特定目的会社は、計画変更決議の日から六十日以内にその支払をしなければならない。ただし、次条第五項、第百五十五条第四項又は第百五十六条第三項若しくは第百五十七条第二項において準用する第百五十五条第四項の規定による特定社債、特定約束手形及び特定借入れに係る債務について弁済又は相当の財産の信託を完了した後でなければその支払をすることができない。
en-us	(3) If a person makes a demand for a preferred equity to be purchased and an agreement is reached between the preferred equity member and the specified purpose company in determining the price of the preferred equity, the specified purpose company must pay that price within sixty days from the date of the resolution for change of the plan; provided, however, that the specified purpose company may not pay this until after it has finished paying its debts or placing reasonable property into trust in connection with specified bonds, specified promissory notes, and specified borrowings under paragraph (5) of the following Article; Article 155, paragraph (4); or Article 155, paragraph (4) as applied mutatis mutandis pursuant to Article 156, paragraph (3) or Article 157, paragraph (2).

ja-jp	４　会社法第百十六条第三項、第四項及び第六項から第九項まで（反対株主の株式買取請求）、第百十七条第二項から第七項まで（株式の価格の決定等）、第八百六十八条第一項（非訟事件の管轄）、第八百七十条第二項（第二号に係る部分に限る。）（陳述の聴取）、第八百七十条の二（申立書の写しの送付等）、第八百七十一条本文（理由の付記）、第八百七十二条（第五号に係る部分に限る。）（即時抗告）、第八百七十二条の二（抗告状の写しの送付等）、第八百七十三条本文（原裁判の執行停止）、第八百七十五条（非訟事件手続法の規定の適用除外）並びに第八百七十六条（最高裁判所規則）の規定は、特定目的会社の優先出資社員による優先出資買取請求について準用する。この場合において、同法第百十六条第三項中「第一項各号の行為」とあるのは「資産流動化計画の変更」と、「当該行為が効力を生ずる日」とあるのは「資産流動化法第百五十三条第二項に規定する計画変更決議の日」と、「同項各号に定める株式の」とあるのは「その」と、「当該行為を」とあるのは「当該資産流動化計画の変更を」と、同条第六項中「株券」とあるのは「優先出資証券」と、「株式に」とあるのは「優先出資に」と、「株式の」とあるのは「優先出資の」と、同条第八項中「第一項各号の行為」とあるのは「資産流動化計画の変更」と、同条第九項中「株式に」とあるのは「優先出資に」と、同法第百十七条第二項、第五項及び第六項中「株式の」とあるのは「優先出資の」と、同条第七項中「、株券」とあるのは「、優先出資証券」と、「株式の」とあるのは「優先出資の」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。
en-us	(4) The provisions of Article 116, paragraph (3), paragraph (4), and paragraphs (6) through (9) (Dissenting Shareholders' Appraisal Rights); Article 117, paragraphs (2) through (7) (Determination of the Price of Shares); Article 868, paragraph (1) (Jurisdiction over Non-Contentious Cases); Article 870, paragraph (2) (but only the part that involves item (ii)) (Hearing of Statements); Article 870-2 (Sending a Copy of a Written Motion); the main clause of Article 871 (Appending of a Reason); Article 872 (but only the part that involves item (v)) (Immediate Appeal); Article 872-2 (Sending of a Copy of a Petition for Immediate Appeal, etc.); the main text of Article 873 (Stay of Execution of the Judicial Decision of the Prior Instance); Article 875 (Exclusion from Application of the Provisions of the Non-Contentious Cases Procedures Act); and Article 876 (Supreme Court Rules) of the Companies Act apply mutatis mutandis to a demand for a preferred equity to be purchased made by the preferred equity member of a specified purpose company. In such a case, the term "perform an act in any item of paragraph (1)" in Article 116, paragraph (3) of that Act is deemed to be replaced with "change the asset securitization plan"; the term "the day when such act becomes effective" in that paragraph is deemed to be replaced with "the day of the resolution for change of the plan referred to in Article 153, paragraph (2) of the Asset Securitization Act"; the phrase "of the shares provided for in each item of that paragraph" in that paragraph is deemed to be replaced with "thereof"; the term "such act becomes" in that paragraph is deemed to be replaced with "the changes to the asset securitization plan become"; the term "share certificates" in paragraph (6) of that Article is deemed to be replaced with "preferred equity securities"; the term "to shares" in that paragraph is deemed to be replaced with "to preferred equity"; the term "of such shares" in that paragraph is deemed to be replaced with "of such preferred equity"; the term "the act in any item of paragraph (1)" in paragraph (8) of that Article is deemed to be replaced with "change to the asset securitization plan"; the term "to shares" in paragraph (9) of that Article is deemed to be replaced with "to preferred equity"; the terms "of the shares" in Article 117, paragraph (2) of the Companies Act, "A share" in paragraph (6) of that Article, and "of shares" in paragraph (5) of that Article are replaced with "of the preferred equity", "preferred equity", and "preferred equity", respectively; the term "for the share certificates" in paragraph (7) of that Article is deemed to be replaced with "for the preferred equity securities"; the term "of the shares" in that paragraph is deemed to be replaced with "of the preferred equity"; and Cabinet Order provides for any other necessary technical replacement of terms.

ja-jp	（特定社債権者集会の承認）
en-us	(Approval at Specified Bondholders Meetings)

ja-jp	第百五十四条　特定社債を発行している特定目的会社は、計画変更決議により資産流動化計画の変更をするときは、当該計画変更決議のほか特定社債権者集会の承認を受けなければならない。
en-us	Article 154 (1) Before changing its asset securitization plan through a resolution for change of the plan, in addition to adopting the resolution for change of the plan, a specified purpose company that issues specified bonds must obtain approval to change the plan at a specified bondholders meeting.

ja-jp	２　前項の規定により特定目的会社が特定社債権者集会を招集するときは、第百二十九条第二項において準用する会社法第七百二十条第一項の規定にかかわらず、計画変更決議を行う社員総会の会日の一箇月前までに、各特定社債権者に対して書面又は電磁的方法をもって招集の通知を発しなければならない。
en-us	(2) Notwithstanding the provisions of Article 720, paragraph (1) of the Companies Act as applied mutatis mutandis pursuant to Article 129, paragraph (2), when convening a specified bondholders meeting pursuant to the preceding paragraph, a specified purpose company must send a notice of convocation to each specified bondholder in a document or by electronic or magnetic means by one month prior to the date of the general meeting of members for voting on the resolution for change of the plan.

ja-jp	３　特定目的会社は、第一項の規定による特定社債権者集会を招集するときは、二週間以上の期間を定め、かつ、各特定社債権者に対しその変更に反対するときは当該期間内にその旨を書面又は電磁的方法をもって通知すべきことを求めなければならない。この場合において、特定目的会社は、当該期間を前項の招集の通知に記載し、又は記録しなければならない。
en-us	(3) When a specified purpose company convenes a specified bondholders meeting pursuant to the provisions of paragraph (1), the company must fix a period of at least two weeks and inform each specified bondholder to notify within that period, by a document or electronic or magnetic means that the bondholder will vote against the change, if the bondholder is to vote against the change. In doing so, the specified purpose company must enter or record the period in the notice of convocation referred to in the preceding paragraph.

ja-jp	４　第一項の規定による特定社債権者集会を招集する特定目的会社が無記名式の特定社債券を発行しているときは、第百二十九条第二項において準用する会社法第七百二十条第四項の規定にかかわらず、計画変更決議を行う社員総会の会日の一箇月前までに、特定社債権者集会を招集する旨及び会議の目的たる事項を公告しなければならない。この場合においては、前項の規定により定められた期間を併せて公告しなければならない。
en-us	(4) Notwithstanding the provisions of Article 720, paragraph (4) of the Companies Act as applied mutatis mutandis pursuant to Article 129, paragraph (2), if a specified purpose company that convenes a specified bondholders meeting under paragraph (1) has issued specified bond certificates in bearer form, it must issue public notice that a specified bondholders meeting is to be convened and of the matters that are the subject of the meeting by one month prior to the date of the general meeting of members for voting on the resolution for change of the plan. In doing so, the specified purpose company must also give public notice of the period determined pursuant to the preceding paragraph.

ja-jp	５　第三項の場合において、特定社債権者が同項の規定により定められた期間内に資産流動化計画の変更に反対する旨を特定目的会社に対し通知し、かつ、特定社債権者集会において反対したときは、特定目的会社は、当該特定社債権者が有する特定社債について弁済をし、又は弁済を行わせることを目的として信託会社等に相当の財産を信託しなければならない。
en-us	(5) In the case referred to in paragraph (3), if a specified bondholder notifies the specified purpose company that it will vote against the change of the asset securitization plan within the period fixed pursuant to that paragraph and then votes against the change of the asset securitization plan at the specified bondholders meeting, the specified purpose company must make payments for the specified bonds that the specified bondholder holds or entrust reasonable property to a trust company or financial institution so as to have it make payments for those specified bonds.

ja-jp	６　第六十二条の規定は、第一項の規定による特定社債権者集会の承認の決議について準用する。この場合において、同条第二項中「第五十六条第一項」とあるのは「第百五十四条第二項」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。
en-us	(6) The provisions of Article 62 apply mutatis mutandis to the resolution for approval at the specified bondholders meeting pursuant to the provisions of paragraph (1). In such a case, the term "Article 56, paragraph (1)" in Article 62, paragraph (2) is deemed to be replaced with "Article 154, paragraph (2)"; and Cabinet Order provides for any other necessary technical replacement of terms.

ja-jp	（特定短期社債権者の反対）
en-us	(Dissent of Specified Short-Term Bondholders)

ja-jp	第百五十五条　特定短期社債を発行している特定目的会社は、計画変更決議により資産流動化計画の変更をするときは、当該計画変更決議を行う社員総会の会日の一箇月前までに、二週間以上の期間を定め、かつ、その変更に反対するときは当該期間内にその旨を通知すべきことを公告しなければならない。
en-us	Article 155 (1) Before a specified purpose company issuing specified short-term bonds changes its asset securitization plan through a resolution for change of the plan, that company, by one month prior to the date of the general meeting of members for voting on the resolution for change of the plan, must fix a period of at least two weeks and issue public notice indicating that the persons must notify the fact within that period if they are to vote against the change.

ja-jp	２　前項の規定により反対しようとする特定短期社債権者は、その特定社債券（特定短期社債に係るものに限る。）の特定目的会社に対する提示その他の内閣府令で定める措置をとらなければならない。
en-us	(2) Specified short-term bondholders seeking to vote against the change pursuant to the provisions of the preceding paragraph must present their specified bond certificates to the specified purpose company (but only the certificates for those specified short-term bonds) or take other measures that Cabinet Office Order prescribes.

ja-jp	３　特定短期社債権者が第一項の規定により定められた期間内に反対する旨を通知しなかったときは、資産流動化計画の変更を承認したものとみなす。
en-us	(3) If a specified short-term bondholder fails to notify the company that it will vote against the change within the period fixed pursuant to the provisions of paragraph (1), that bondholder is deemed to have approved the change of the asset securitization plan.

ja-jp	４　特定短期社債権者が反対する旨を通知したときは、特定目的会社は、当該特定短期社債権者に係る特定短期社債に係る債務について、資産流動化計画の変更をした後遅滞なく弁済を行わせることを目的として、信託会社等に相当の財産を信託しなければならない。
en-us	(4) If a specified short-term bondholder notifies the specified purpose company that it will vote against the change, the company must entrust reasonable property to a trust company or financial institution so as to have it perform the obligations connected with the specified short-term bonds of that specified short-term bondholder without delay after the asset securitization plan is changed.

ja-jp	（特定約束手形の所持人の反対）
en-us	(Dissent of Holders of Specified Promissory Notes)

ja-jp	第百五十六条　特定約束手形を発行している特定目的会社は、計画変更決議により資産流動化計画を変更するときは、当該計画変更決議を行う社員総会の会日の一箇月前までに、二週間以上の期間を定め、かつ、その変更に反対するときは当該期間内にその旨を通知すべきことを公告しなければならない。
en-us	Article 156 (1) Before a specified purpose company issuing specified promissory notes changes its asset securitization plan through a resolution for change of the plan, that company, by one month prior to the date of the general meeting of members for voting on the resolution for change of the plan, must fix a period of at least two weeks and issue public notice indicating that the persons must notify the fact within that period if they are to vote against the change.

ja-jp	２　前項の規定により反対しようとする特定約束手形の所持人は、その特定約束手形を特定目的会社に提示しなければならない。
en-us	(2) Holders of specified promissory notes seeking to vote against the change pursuant to the provisions of the preceding paragraph must present their specified promissory notes to the specified purpose company.

ja-jp	３　前条第三項及び第四項の規定は、特定約束手形の所持人について準用する。
en-us	(3) The provisions of paragraphs (3) and (4) of the preceding Article apply mutatis mutandis to the holder of a specified promissory note.

ja-jp	（特定借入れに係る債権者の異議）
en-us	(Objections of Creditors from Which Specified Borrowings Have Been Borrowed)

ja-jp	第百五十七条　特定借入れを行っている特定目的会社は、計画変更決議により資産流動化計画を変更するときは、当該計画変更決議を行う社員総会の会日の一箇月前までに、二週間以上の期間を定め、かつ、特定借入れに係る各債権者に対しその変更に異議があるときは当該期間内にこれを述べるべき旨を催告しなければならない。
en-us	Article 157 (1) Before a specified purpose company that has specified borrowings changes its asset securitization plan through a resolution for change of the plan, that company, by one month prior to the date of the general meeting of members for voting on the resolution for change of the plan, must fix a period of at least two weeks and issue a demand to each creditor of specified borrowings that they must state an objection to the change within that period.

ja-jp	２　第百三十二条第二項の規定は前項の催告について、第百五十五条第三項及び第四項の規定は特定借入れに係る債権者について、それぞれ準用する。この場合において、第百三十二条第二項中「社員」とあるのは「特定借入れに係る債権者」と、第百五十五条第三項中「第一項」とあるのは「第百五十七条第一項」と読み替えるものとする。
en-us	(2) The provisions of Article 132, paragraph (2) apply mutatis mutandis to the demands referred to in the preceding paragraph, and the provisions of Article 155, paragraphs (3) and (4) apply mutatis mutandis to creditors from which specified borrowing have been borrowed. In such a case, the term "members" in Article 132, paragraph (2) is deemed to be replaced with "creditors from which specified borrowings have been borrowed" and the term "paragraph (1)" in Article 155, paragraph (3) is deemed to be replaced with "Article 157, paragraph (1)".

ja-jp	第九節　事後設立
en-us	Section 9 Incorporation After the Fact

ja-jp	第百五十八条　特定目的会社は、その成立後二年以内に、その成立前から存在する財産であってその事業のために継続して使用するものの取得をする場合には、当該取得がその効力を生ずる日の前日までに、社員総会の決議によって、当該取得に係る契約の承認を受けなければならない。ただし、第一号に掲げる額の第二号に掲げる額に対する割合が五分の一（これを下回る割合を定款で定めた場合にあっては、その割合）を超えないとき、又は当該契約により取得する財産が資産流動化計画に定められた特定資産であるときは、この限りでない。
en-us	Article 158 If, within two years after its establishment, a specified purpose company acquires an asset that has existed since before its establishment and that it will use continuously in its business, it must have the contract for the acquisition approved by resolution at a general meeting of members by the day before the day on which the acquisition takes effect; provided, however that this does not apply if the proportion of the amount set forth in item (i) to the amount set forth in item (ii) does not exceed one-fifth (or, if a smaller proportion is provided for in the articles of incorporation, that proportion) or if the asset to be acquired based on that contract is a specified asset prescribed in the asset securitization plan.

ja-jp	一　当該財産の対価として交付する財産の帳簿価額の合計額
en-us	(i) the total amount representing the book value of the assets delivered as the consideration for the asset in question;

ja-jp	二　当該特定目的会社の純資産額として内閣府令で定める方法により算定される額
en-us	(ii) the amount calculated by the method that Cabinet Office Order prescribes as the amount of net assets of the specified purpose company.

ja-jp	第十節　資産流動化計画に基づく業務の終了に伴う仮清算
en-us	Section 10 Provisional Liquidation Incidental to Completion of Business under Asset Securitization Plans

ja-jp	（貸借対照表の作成等）
en-us	(Preparation of Balance Sheets)

ja-jp	第百五十九条　資産流動化計画の定めによる特定資産の管理及び処分を終了し、かつ、特定社債若しくは特定約束手形を発行し、又は特定借入れを行っている場合においてその償還及び支払並びに弁済を完了した特定目的会社が新たな資産流動化計画に基づく資産の流動化に係る業務を行うときは、当該特定目的会社の取締役は、第一種特定目的会社にあっては遅滞なく、第二種特定目的会社にあっては資産流動化計画の定めにより優先出資を消却する前に、当該特定目的会社の貸借対照表を作成し、社員総会の承認を受けなければならない。
en-us	Article 159 (1) If the administration and disposition of specified assets under the provisions of an asset securitization plan have been completed, and specified bonds and specified promissory notes have been issued or specified borrowings have been made, when the specified purpose company that has completed the redemption, payment, or repayment engages in the business of asset securitization under a new asset securitization plan, the director of a Type I Specified Purpose Company must prepare a balance sheet for that specified purpose company and have it approved at a general meeting of members without delay, and the director of a Type II Specified Purpose Company must do so before canceling the preferred equity pursuant to the asset securitization plan.

ja-jp	２　第二十一条第二項（第二号に係る部分に限る。）、第六十八条第一項、第七十三条から第七十五条まで、第九十一条から第九十三条まで及び第百二条から第百四条（第四項及び第七項を除く。）まで並びに第二十一条第三項において準用する会社法第四十三条第一項及び第二項本文並びに第七十七条第二項において準用する同法第三百四十四条第一項及び第二項の規定（貸借対照表に係る部分に限る。）は、前項の貸借対照表について準用する。
en-us	(2) The provisions of Article 21, paragraph (2) (but only the part that involves item (ii)); Article 68, paragraph (1); Articles 73 through 75; Articles 91 through 93; and Articles 102 through 104 (excluding paragraphs (4) and (7)) of this Act; Article 43, paragraph (1) and the main text of paragraph (2) of that Article of the Companies Act as applied mutatis mutandis pursuant to Article 21, paragraph (3) of this Act; and Article 344, paragraphs (1) and (2) (but only the part that deals with balance sheets) of the Companies Act as applied mutatis mutandis pursuant to Article 77, paragraph (2) apply mutatis mutandis to the balance sheet referred to in the preceding paragraph.

ja-jp	３　第一項の規定により貸借対照表を作成した第二種特定目的会社の当該貸借対照表上の純資産の額が、同項の資産流動化計画の定めるところに従った優先出資の消却をするために必要となる金額に満たない場合には、優先出資社員は、当該貸借対照表の承認についての議決権を有する。
en-us	(3) If the amount of net assets entered in the balance sheet of a Type II Specified Purpose Company that has prepared a balance sheet pursuant to the provisions of paragraph (1) is less than the amount necessary to cancel the preferred equity in accordance with the provisions of the asset securitization plan referred to in that paragraph, preferred equity members are entitled to vote on the approval of the balance sheet.

ja-jp	４　前項の場合において、同項の貸借対照表について承認の決議があったときは、解散の決議があったものとみなす。
en-us	(4) In the case referred to in the preceding paragraph, if a resolution approving the balance sheet referred to in that paragraph has been adopted, a resolution for dissolution is deemed to have been adopted.

ja-jp	第十一節　解散
en-us	Section 11 Dissolution

ja-jp	（解散の事由）
en-us	(Grounds for Dissolution)

ja-jp	第百六十条　特定目的会社は、次に掲げる事由によって解散する。
en-us	Article 160 (1) A specified purpose company is dissolved based on the following grounds:

ja-jp	一　定款で定めた存続期間の満了
en-us	(i) the expiration of the period of time during which it is to exist as specified in the articles of incorporation;

ja-jp	二　定款で定めた解散の事由の発生
en-us	(ii) the occurrence of grounds for dissolution as provided for in the articles of incorporation;

ja-jp	三　社員総会の決議
en-us	(iii) a resolution at a general meeting of members;

ja-jp	四　破産手続開始の決定
en-us	(iv) an order commencing bankruptcy proceedings;

ja-jp	五　第百六十二条第一項又は第百六十三条において準用する会社法第八百二十四条第一項の規定による解散を命ずる裁判
en-us	(v) a judicial decision ordering dissolution pursuant to the provisions of Article 162, paragraph (2) of this Act or Article 824, paragraph (1) of the Companies Act as applied mutatis mutandis pursuant to Article 163;

ja-jp	六　第二百二十条の規定による内閣総理大臣の発する解散命令
en-us	(vi) a dissolution order issued by the Prime Minister pursuant to the provisions of Article 220;

ja-jp	七　資産流動化計画に記載し、又は記録する特定資産（従たる特定資産を除く。）の譲受け、資産対応証券の発行又は特定借入れの実行の不能
en-us	(vii) the inability to acquire specified assets (other than secondary specified assets) that are entered or recorded in the asset securitization plan, to issue asset-backed securities, or to make specified borrowings; or

ja-jp	八　その他政令で定める事由の発生
en-us	(viii) the occurrence of other grounds that Cabinet Order prescribes.

ja-jp	２　会社法第九百二十六条（解散の登記）の規定は、前項（第四号及び第五号を除く。）の規定により特定目的会社が解散した場合について準用する。
en-us	(2) The provisions of Article 926 (Registration of Dissolution) of the Companies Act apply mutatis mutandis if a specified purpose company is dissolved pursuant to the provisions of the preceding paragraph (excluding items (iv) and (v)).

ja-jp	（解散の決議）
en-us	(Resolution for Dissolution)

ja-jp	第百六十一条　優先出資社員は、前条第一項第三号に掲げる解散の決議について、議決権を有する。
en-us	Article 161 (1) Preferred equity members are entitled to a vote on a resolution for dissolution set forth in Article 160, paragraph (1), item (iii).

ja-jp	２　前項の決議は、特定目的会社の資産流動化計画の定めによる特定社債の償還、特定約束手形の支払及び特定借入れの弁済が完了した後でなければ、行うことができない。
en-us	(2) A resolution referred to in the preceding paragraph may only be adopted after the redemption of specified bonds, payment of specified promissory notes, and repayment of specified borrowings provided for in the asset securitization plan of the specified purpose company have been completed.

ja-jp	（特定目的会社の解散の訴え）
en-us	(Action to Dissolve a Specified Purpose Company)

ja-jp	第百六十二条　次に掲げる場合において、やむを得ない事由があるときは、総特定社員若しくは総優先出資社員（社員総会において決議をすることができる事項の全部につき議決権を行使することができない特定社員若しくは優先出資社員を除く。）の議決権の十分の一（これを下回る割合を定款で定めた場合にあっては、その割合）以上の議決権を有する特定社員若しくは優先出資社員又は特定出資（自己特定出資を除く。）の総口数若しくは発行済優先出資（自己優先出資を除く。）の十分の一（これを下回る割合を定款で定めた場合にあっては、その割合）以上の口数の特定出資若しくは優先出資を有する特定社員若しくは優先出資社員は、訴えをもって特定目的会社の解散を請求することができる。
en-us	Article 162 (1) In the following cases, if there are unavoidable circumstances, specified equity members or preferred equity members holding one-tenth (or, if a smaller proportion is provided for in the articles of incorporation, that proportion) or more of the voting rights of all specified equity members or all preferred equity members (other than specified equity members and preferred equity members that are not entitled to vote on all of the matters that may be resolved at the general meeting of members), or specified equity members or preferred equity members holding one-tenth (or, if a smaller proportion is provided for in the articles of incorporation, that proportion) or more of the total number of units of specified equity (other than the company's own specified equity) or issued preferred equity (other than the company's own preferred equity) may file an action to demand the dissolution of a specified purpose company:

ja-jp	一　特定目的会社が業務の執行において著しく困難な状況に至り、当該特定目的会社に回復することができない損害が生じ、又は生ずるおそれがあるとき。
en-us	(i) if the specified purpose company has come to be in an extremely difficult situation in terms of executing business, and has suffered or is likely to suffer irreparable damage; or

ja-jp	二　特定目的会社の財産の管理又は処分が著しく失当で、当該特定目的会社の存立を危うくするとき。
en-us	(ii) if the specified purpose company's administration or disposition of assets is extremely unreasonable and puts the existence of the specified purpose company at risk.

ja-jp	２　会社法第八百三十四条（第二十号に係る部分に限る。）（被告）、第八百三十五条第一項（訴えの管轄及び移送）、第八百三十六条第一項及び第三項（担保提供命令）、第八百三十七条（弁論等の必要的併合）、第八百三十八条（認容判決の効力が及ぶ者の範囲）、第八百四十六条（原告が敗訴した場合の損害賠償責任）並びに第九百三十七条第一項（第一号リに係る部分に限る。）（裁判による登記の嘱託）の規定は、特定目的会社の解散の訴えについて準用する。この場合において、必要な技術的読替えは、政令で定める。
en-us	(2) The provisions of Article 834 (but only the part that involves item (xx)) (Defendant); Article 835, paragraph (1) (Jurisdiction over and Transfer of an Action); Article 836, paragraphs (1) and (3) (Order to Provide Security); Article 837 (Mandatory Consolidation of Oral Arguments); Article 838 (Persons Affected by an Upholding Judgment); Article 846 (Liability for Damages in Cases Where the Plaintiff Is Defeated); and Article 937, paragraph (1) (but only the part that involves item (i), sub-item (i)) (Commissioning of Registration by Juridical Decision) of the Companies Act apply mutatis mutandis to an action to dissolve a specified purpose company. In such a case, Cabinet Order provides for the necessary technical replacement of terms.

ja-jp	（会社法の準用）
en-us	(Application, Mutatis Mutandis, of the Companies Act)

ja-jp	第百六十三条　会社法第八百二十四条（会社の解散命令）、第八百二十六条（官庁等の法務大臣に対する通知義務）、第八百六十八条第一項（非訟事件の管轄）、第八百七十条第一項（第十号に係る部分に限る。）（陳述の聴取）、第八百七十一条本文（理由の付記）、第八百七十二条（第四号に係る部分に限る。）（即時抗告）、第八百七十三条本文（原裁判の執行停止）、第八百七十五条（非訟事件手続法の規定の適用除外）、第八百七十六条（最高裁判所規則）、第九百四条（法務大臣の関与）及び第九百三十七条第一項（第三号ロに係る部分に限る。）（裁判による登記の嘱託）の規定は特定目的会社の解散の命令について、同法第八百二十五条（会社の財産に関する保全処分）、第八百六十八条第一項（非訟事件の管轄）、第八百七十条第一項（第一号に係る部分に限る。）（陳述の聴取）、第八百七十一条（理由の付記）、第八百七十二条（第一号及び第四号に係る部分に限る。）（即時抗告）、第八百七十三条（原裁判の執行停止）、第八百七十四条（第二号及び第三号に係る部分に限る。）（不服申立ての制限）、第八百七十五条（非訟事件手続法の規定の適用除外）、第八百七十六条（最高裁判所規則）及び第九百五条から第九百六条の二まで（会社の財産に関する保全処分についての特則）の規定はこの条において準用する同法第八百二十四条第一項の申立てがあった場合における特定目的会社の財産の保全について、それぞれ準用する。この場合において、必要な技術的読替えは、政令で定める。
en-us	Article 163 The provisions of Article 824 (Dissolution Order for a Company); Article 826 (Duty of a Government Agency to Give Notice to the Minister of Justice); Article 868, paragraph (1) (Jurisdiction over Non-Contentious Cases); Article 870, paragraph (1) (but only the part that involves item (x)) (Hearing of Statements); the main text of Article 871 (Appending of the Reason); Article 872 (but only the part that involves item (iv)) (Immediate Appeal); the main text of Article 873 (Stay of Execution of the Judicial Decision of the Prior Instance); Article 875 (Exclusion from Application of the Provisions of the Non-Contentious Cases Act); Article 876 (Supreme Court Rule); Article 904 (Participation of the Minister of Justice); and Article 937, paragraph (1) (but only the part that involves item (iii) (b)) (Commissioning of Registration by Juridical Decision) of the Companies Act apply mutatis mutandis to an order for dissolution of a specified purpose company, and the provisions of Article 825 (Temporary Restraining Order Concerning Property of a Company); Article 868, paragraph (1) (Jurisdiction over Non-Contentious Cases); Article 870, paragraph (1) (but only the part that involves item (i)) (Hearing of Statements); Article 871 (Appending of the Reason); Article 872 (but only the part that involves item (i) and item (iv)) (Immediate Appeal); Article 873 (Stay of Execution of the Judicial Decision of the Prior Instance); Article 874 (but only the part that involves item (ii) and item (iii)) (Restrictions on Appeal); Article 875 (Exclusion from Application of the Provisions of the Non-Contentious Cases Act); Article 876 (Supreme Court Rule); and Article 905 (Special Provisions on a Temporary Restraining Order Concerning Property of a Company); through Article 906-2 of the Companies Act apply mutatis mutandis to the preservation of the assets of a specified purpose company if a petition under Article 824, paragraph (1) of that Act as applied mutatis mutandis pursuant to this Article has been filed. In such a case, Cabinet Order provides for the necessary technical replacement of terms.

ja-jp	第十二節　清算
en-us	Section 12 Liquidation

ja-jp	第一款　通則
en-us	Subsection 1 General Rules

ja-jp	（清算の開始原因）
en-us	(Causes for Commencing Liquidation)

ja-jp	第百六十四条　特定目的会社は、次に掲げる場合には、この款の定めによるところにより、清算をしなければならない。
en-us	Article 164 In the following cases, a specified purpose company must go into liquidation pursuant to the provisions of this Subsection:

ja-jp	一　解散した場合（破産手続開始の決定により解散した場合であって当該破産手続が終了していない場合を除く。）
en-us	(i) if it has been dissolved (but not if it has been dissolved as a result of an order to commence bankruptcy proceedings and the bankruptcy proceedings have not been finished); or

ja-jp	二　設立の無効の訴えに係る請求を認容する判決が確定した場合
en-us	(ii) if a judgment upholding a claim related to an action to invalidate its incorporation has become final and binding.

ja-jp	（清算特定目的会社の能力）
en-us	(Capacity of Specified Purpose Companies in Liquidation)

ja-jp	第百六十五条　前条の規定により清算をする特定目的会社（以下「清算特定目的会社」という。）は、清算の目的の範囲内において、清算が結了するまではなお存続するものとみなす。
en-us	Article 165 A specified purpose company that goes into liquidation pursuant to the provisions of the preceding Article (hereinafter referred to as "specified purpose company in liquidation") is deemed to continue to exist inasmuch as the task of liquidation is concerned, until the liquidation is completed.

ja-jp	（社員総会以外の機関の設置）
en-us	(Establishment of Administrative Organs Other Than General Meetings of Members)

ja-jp	第百六十六条　清算特定目的会社には、次に掲げる機関を置かなければならない。
en-us	Article 166 (1) A specified purpose company in liquidation must have the following administrative organs:

ja-jp	一　一人又は二人以上の清算人
en-us	(i) one or multiple liquidators; and

ja-jp	二　一人又は二人以上の監査役
en-us	(ii) one or multiple company auditors.