第六十一条投資法人は、法人とする。

Article 61An Investment Corporation shall be a juridical person.

第六十二条投資法人の住所は、その本店の所在地にあるものとする。

Article 62The address of the Investment Corporation shall be the location of its head office.

第六十三条投資法人は、資産の運用以外の行為を営業としてすることができない。

Article 63(1)An Investment Corporation shall not engage in business other than asset investments.

２投資法人は、本店以外の営業所を設け、又は使用人を雇用することができない。

(2)An Investment Corporation shall not establish any business office other than a head office nor shall it have employees.

第六十三条の二投資法人がその事業としてする行為及びその事業のためにする行為は、商行為とする。

Article 63-2(1)The business transactions conducted by an Investment Corporation or the transactions conducted for business by an Investment Corporation shall be considered to be commercial transactions.

２商法（明治三十二年法律第四十八号）第十一条から第十五条まで及び第十九条の規定は、投資法人については、適用しない。

(2)The provisions of Article 11 through Article 15 and Article 19 of the Commercial Code (Act No. 48 of 1899) shall not apply to Investment Corporations.

第六十四条投資法人は、その名称を商号とする。

Article 64(1)The name of an Investment Corporation shall be its trade name.

２投資法人は、その商号中に投資法人という文字を用いなければならない。

(2)An Investment Corporation shall use the term "toshi hojin" (which means "Investment Corporation") in its trade name.

３投資法人でない者は、その名称又は商号中に、投資法人であると誤認されるおそれのある文字を用いてはならない。

(3)No person other than an Investment Corporation shall use in its name or trade name any term which is likely to mislead people into believing that the person is an Investment Corporation.

４何人も、不正の目的をもつて、他の投資法人であると誤認されるおそれのある名称又は商号を使用してはならない。

(4)No person shall, with a wrongful purpose, use any name or trade name that is likely to mislead people into believing that the person is a different Investment Corporation.

５前項の規定に違反する名称又は商号の使用によつて営業上の利益を侵害され、又は侵害されるおそれがある投資法人は、その営業上の利益を侵害する者又は侵害するおそれがある者に対し、その侵害の停止又は予防を請求することができる。

(5)Any Investment Corporation whose business interests have been infringed or whose business interests are likely to be infringed by the use of names or trade names in violation of the preceding paragraph may seek an injunction to suspend or prevent such infringement against the person who has infringed or is likely to infringe upon such business interests.

６自己の商号を使用して事業又は営業を行うことを他人に許諾した投資法人は、当該投資法人が当該事業を行うものと誤認して当該他人と取引をした者に対し、当該他人と連帯して、当該取引によつて生じた債務を弁済する責任を負う。

(6)Any Investment Corporation that has permitted others to carry out business or engage in enterprises using said Investment Corporation's own trade name shall be jointly and severally liable together with such others, vis-a-vis any person who has transacted with such others based on the misunderstanding that said Investment Corporation was carrying out such business, for the performance of any obligations which may arise from such a transaction.

第六十五条この編（第百八十六条の二第四項を除く。）及び第五編の規定において会社法の規定を準用する場合には、特別の定めがある場合を除き、同法の規定中「電磁的記録」とあるのは「電磁的記録（投資法人法第六十六条第二項に規定する電磁的記録をいう。）」と、「電磁的方法」とあるのは「電磁的方法（投資法人法第七十一条第五項に規定する電磁的方法をいう。）」と、「法務省令」とあるのは「内閣府令」と、「株式会社」とあるのは「投資法人」と、「株式」とあるのは「投資口」と、「株主」とあるのは「投資主」と、「定款」とあるのは「規約」と、「発起人」とあるのは「設立企画人」と、「株券」とあるのは「投資証券」と読み替えるものとする。

Article 65(1)In cases where applying the provisions of the Companies Act mutatis mutandis pursuant to the provisions of this Part (excluding Article 186-2, paragraph (4)) and Part V, except for cases where specially provided, the terms "Electromagnetic Records," "Electronic Method," "Ordinance of the Ministry of Justice," "Stock Company," "shares," "shareholder," "articles of incorporation," "incorporator(s)," and "share certificate" as used in the provisions of that Act shall be deemed to be replaced with "Electromagnetic Records (meaning electromagnetic record as prescribed in Article 66, paragraph (2) of the Investment Corporations Act)," "Electromagnetic Means (meaning the electromagnetic means as prescribed in Article 71 of the Investment Corporations Act," "Cabinet Office Ordinance," "Investment Corporation," "Investment Equity," "Investor," "certificate of incorporation," "organizer(s)," and "Investment Securities," respectively.

２この編において準用するこの編の規定により読み替えられた会社法及び商業登記法（昭和三十八年法律第百二十五号）の規定中「投資法人法」とあるのは、投資信託及び投資法人に関する法律をいうものとする。

(2)The term "Investment Corporations Act" in the provisions of the Companies Act and Commercial Registration Act (Act No. 125 of 1963) which has been replaced by the provisions of this Part as applied mutatis mutandis pursuant to this Part, shall mean the Act on Investment Trusts and Investment Corporations.

第六十六条投資法人を設立するには、設立企画人が規約を作成し、その全員がこれに署名し、又は記名押印しなければならない。

Article 66(1)In order to establish an Investment Corporation, the organizers shall prepare a certificate of incorporation and all the organizers shall sign or affix their names and seals thereto.

２前項の規約は、電磁的記録（電子的方式、磁気的方式その他人の知覚によつては認識することができない方式で作られる記録であつて、電子計算機による情報処理の用に供されるものとして内閣府令で定めるものをいう。以下同じ。）をもつて作成することができる。この場合において、当該電磁的記録に記録された情報については、内閣府令で定める署名又は記名押印に代わる措置をとらなければならない。

(2)The certificate of incorporation prescribed in the preceding paragraph may be prepared in the form of an Electromagnetic Record (meaning a record made in electronic form, magnetic form, or any other form not recognizable to human perception which is used in information processing by computers as specified by a Cabinet Office Ordinance; the same shall apply hereinafter).In this case, with regard to the information recorded in the Electromagnetic Record, measures in lieu of the signing or affixing of names and seals shall be taken as specified by a Cabinet Office Ordinance.

３設立企画人（設立企画人が二人以上あるときは、そのうち少なくとも一人）は、次の各号のいずれかの者でなければならない。

(3)An organizer (when there are two or more organizers, at least one of them) shall be any of the persons listed in the following items:

４第九十八条第二号から第五号までに掲げる者は、設立企画人となることができない。

(4)None of the persons listed in Article 98, item (ii) through item (v) may act as an organizer.

第六十七条投資法人の規約には、次に掲げる事項を記載し、又は記録しなければならない。

Article 67(1)The following matters shall be stated or recorded in the certificate of incorporation of an Investment Corporation:

２前項第三号に掲げる事項につき投資主の請求により投資口の払戻しをする旨を定めるときは、一定の場合においては払戻しを停止する旨を併せて定めることができる。

(2)When an Investment Corporation provides, with regard to the matters listed in item (iii) of the preceding paragraph, to the effect that the Investment Equity is to be refunded at the request of the Investor, the Investment Corporation may also provide to the effect that such refund is to be suspended in certain cases;

３第一項第五号の額は、その上限及び下限を画する方法により定めることができる。

(3)The amount set forth in item (v) of paragraph (1) may be decided by designating the maximum amount and the minimum amount thereof.

４第一項第六号の最低限度の純資産額（以下「最低純資産額」という。）は、五千万円以上で政令で定める額を下回ることができない。

(4)The minimum amount of net assets as prescribed in item (vi) of paragraph (1) (hereinafter referred to as the "Minimum Net Assets") shall be 50 million yen or more and shall not fall below the amount specified by a Cabinet Order.

５第一項各号に掲げる事項の細目は、内閣府令で定める。

(5)The details of the matters listed in the items of paragraph (1) shall be specified by a Cabinet Office Ordinance.

６第一項各号に掲げる事項のほか、投資法人の規約には、この法律の規定により規約の定めがなければその効力を生じない事項及びその他の事項でこの法律の規定に違反しないものを記載し、又は記録することができる。

(6)In addition to the matters listed in the items of paragraph (1), any matters which shall not become effective unless provided for in the certificate of incorporation under the provisions of this Act and any other matters which do not violate the provisions of this Act may be stated or recorded on the certificate of incorporation of an Investment Corporation, pursuant to the provisions of this Act.

７会社法第三十一条第一項から第三項までの規定は、規約について準用する。この場合において、同条第一項中「本店及び支店」とあるのは「本店」と、同条第三項中「裁判所」とあるのは「内閣総理大臣」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。

(7)The provisions of Article 31, paragraph (1) through paragraph (3) of the Companies Act shall apply mutatis mutandis to the certificate of incorporation.In this case, the term "the head office or branch office" in Article 31, paragraph (1) shall be deemed to be replaced with "the head office," the term "the court" in paragraph (3) of that Article shall be deemed to be replaced with "the Prime Minister," and any other necessary technical replacement of terms shall be specified by a Cabinet Order.

第六十八条投資法人の成立時の出資総額は、設立時発行投資口（投資法人の設立に際して発行する投資口をいう。以下同じ。）の払込金額（設立時発行投資口一口と引換えに払い込む金銭の額をいう。）の総額とする。

Article 68(1)The total amount of investment of an Investment Corporation at the time of its establishment shall be the total amount to be paid in for the Investment Equity Issued at Establishment (meaning the Investment Equity issued upon the establishment of an Investment Corporation; the same shall apply hereinafter) (meaning the amount to be paid in exchange for one unit of Investment Equity Issued at Establishment).

２前項の出資総額は、一億円以上で政令で定める額を下回ることができない。

(2)The total amount of investment set forth in the preceding paragraph shall be 100 million yen or more and shall not fall below the amount specified by a Cabinet Order.

第六十九条設立企画人は、投資法人を設立しようとするときは、内閣府令で定めるところにより、あらかじめ、その旨並びに設立時執行役員（投資法人の設立に際して執行役員となる者をいう。以下同じ。）の候補者の氏名及び住所を内閣総理大臣に届け出なければならない。

Article 69(1)When an organizer(s) intends to establish an Investment Corporation, he/she shall notify the Prime Minister to that effect and of the names and addresses of the candidates for Corporate Officer(s) at Establishment (meaning those who would become corporate officers upon the establishment of Investment Corporation; the same shall apply hereinafter) pursuant to the provisions of a Cabinet Office Ordinance, in advance.

２前項の規定による届出には、規約その他内閣府令で定める書類を添付しなければならない。

(2)A certificate of incorporation and other documents specified by a Cabinet Office Ordinance shall be attached to the notification set forth in the preceding paragraph.

３前項の場合において、規約が電磁的記録で作成されているときは、書面に代えて電磁的記録（内閣府令で定めるものに限る。）を添付することができる。

(3)In the cases prescribed in the preceding paragraph, when the certificate of incorporation is prepared in the form of an Electromagnetic Record, the Electromagnetic Record (limited to one specified by a Cabinet Office Ordinance) may be attached in lieu of the documents.

４設立企画人は、第一項の規定による届出をした後でなければ、第七十一条第一項の規定による通知、設立時発行投資口の引受けの申込みの勧誘その他設立時発行投資口を自ら引き受け、又は他人に引き受けさせるための行為をしてはならない。

(4)Only after the notification prescribed in paragraph (1) has been made, may the organizer(s) give the notice set forth in Article 71, paragraph (1), solicit applications for subscriptions for Investment Equity Issued at Establishment, or carry out acts to subscribe for said Investment Equity Issued at Establishment by themselves or have others subscribe therefor.

５規約は、第一項の規定による届出が受理された時に、その効力を生ずる。

(5)The certificate of incorporation shall become effective when the notification under paragraph (1) has been accepted.

６第一項の規定による届出が受理された規約は、投資法人の成立前は、これを変更することができない。

(6)The certificate of incorporation for which notification under paragraph (1) has been accepted shall not be changed before the establishment of the Investment Corporation.

７会社法第九十六条及び第九十七条の規定は、規約の変更について準用する。この場合において、同法第九十六条中「第三十条第二項」とあるのは「投資法人法第六十九条第六項」と、同法第九十七条中「第二十八条各号」とあるのは「投資法人法第六十七条第一項第十七号又は第十八号」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。

(7)The provisions of Article 96 and Article 97 of the Companies Act shall apply mutatis mutandis pursuant to the change of the certificate of incorporation.In this case, the term "Article 30(2)" in Article 96 of that Act shall be deemed to be replaced with "Article 69, paragraph (6) of the Investment Corporations Act," the term "each item of Article 28" in Article 97 of the Companies Act shall be deemed to be replaced with "Article 67, paragraph (1), item (xvii) or item (xviii) of the Investment Corporations Act" and any other necessary technical replacement of terms shall be specified by a Cabinet Order.

第七十条設立企画人は、法令及び規約を遵守し、その設立しようとする投資法人のため忠実にその職務を遂行しなければならない。

Article 70(1)An organizer(s) shall observe laws, regulations, and its certificate of incorporation, and shall perform his/her duties with due loyalty to the Investment Corporation which he/she intends to establish.

２設立企画人は、法令及び規約を遵守し、その設立しようとする投資法人に対し、善良な管理者の注意をもつてその業務を遂行しなければならない。

(2)An organizer(s) shall observe laws, regulations, and its certificate of incorporation, and execute business with the due care of a prudent manager in the Investment Corporation which he/she intends to establish.

第七十条の二設立企画人は、設立時発行投資口を引き受ける者の募集をしようとするときは、その都度、設立時募集投資口（当該募集に応じて設立時発行投資口の引受けの申込みをした者に対して割り当てる設立時発行投資口をいう。以下同じ。）について次に掲げる事項を定めなければならない。

Article 70-2(1)When an organizer(s) intends to solicit persons to subscribe for Investment Equity Issued at Establishment, he/she shall, on each occasion, provide the following matters with regard to the Investment Equity Solicited at Establishment (meaning the Investment Equity allotted to persons who apply to subscribe for Investment Equity Issued at Establishment in response to said solicitation; the same shall apply hereinafter):

２設立企画人は、前項各号に掲げる事項を定めようとするときは、その全員の同意を得なければならない。

(2)When an organizer intends to provide the matters listed in the items of the preceding paragraph, he/she shall first obtain consent from all the other organizers.

３第一項の募集の条件は、当該募集ごとに、均等に定めなければならない。

(3)The conditions for solicitation prescribed in paragraph (1) shall be provided equally for each solicitation.

第七十一条設立企画人は、前条第一項の募集に応じて設立時募集投資口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。

Article 71(1)An organizer(s) shall notify a person who intends to apply to subscribe for an Investment Equity Solicited at Establishment of the following matters in response to solicitation prescribed in paragraph (1) of the preceding Article:

２前項第五号の払込取扱機関は、銀行等（銀行、信託会社その他これに準ずるものとして内閣府令で定めるものをいう。）でなければならない。

(2)The institution that handles payments as set forth in item (v) of the preceding paragraph shall be a Bank, etc. (meaning a bank, trust company, or other institution specified by a Cabinet Office Ordinance as being equivalent thereto).

３第一項第六号に掲げる事項の細目は、内閣府令で定める。

(3)The details of the matters listed in paragraph (1), item (vi) shall be specified by a Cabinet Office Ordinance.

４前条第一項の募集に応じて設立時募集投資口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設立企画人に交付しなければならない。

(4)Any person who applies to subscribe for Investment Equity Solicited at Establishment in response to the solicitation under paragraph (1) of the preceding Article shall deliver documents in which the following matters are stated to the organizer(s):

５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、設立企画人の承諾を得て、同項の書面に記載すべき事項を電磁的方法（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であつて内閣府令で定めるものをいう。第百八十六条の二第一項第三号を除き、以下同じ。）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、前項の書面を交付したものとみなす。

(5)Any person who files an application as prescribed in the preceding paragraph may, in lieu of delivering documents as prescribed in that paragraph, provide the matters to be stated in the documents set forth in the preceding paragraph by Electromagnetic Means (meaning the means of using an electronic data processing system and other means of using an information and communications technology as specified by a Cabinet Office Ordinance; hereinafter the same shall apply except in Article 186-2, paragraph (1), item (iii)) with the consent of the organizer(s), pursuant to the provisions of a Cabinet Order.In this case, the person who filed such application shall be deemed to have delivered the documents under the preceding paragraph.

６設立企画人は、第一項各号に掲げる事項について変更があつたときは、直ちに、その旨及び当該変更があつた事項を第四項の申込みをした者（次項において「申込者」という。）に通知しなければならない。

(6)Where there are any changes to the matters listed in the items of paragraph (1), the organizer(s) shall immediately notify the person who filed an application as prescribed in paragraph (4) (such person shall be referred to as the "Applicant" in the following paragraph) to that effect and of the changed matters.

７設立企画人が申込者に対してする通知又は催告は、第四項第一号の住所（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設立企画人に通知した場合にあつては、その場所又は連絡先）にあてて発すれば足りる。

(7)It shall be sufficient if a notice or demand made to the Applicant by the organizer(s) is sent to the address set forth in paragraph (4), item (i) (in cases where the Applicant has notified the organizer(s) of another place or contact address at which to receive a notice or demand, such place or contact address).

８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つた時に、到達したものとみなす。

(8)The notice or demand referred to in the preceding paragraph shall be deemed to have arrived at the time when such notice or demand should have normally arrived.

９設立時募集投資口の引受けに係る払込みは、金銭でしなければならない。

(9)Payments for subscriptions for Investment Equity Solicited at Establishment shall be made in money alone.

１０会社法第六十条、第六十二条（第二号を除く。）及び第六十三条の規定は設立時募集投資口について、同法第六十四条の規定は第二項に規定する銀行等について、それぞれ準用する。この場合において、同法第六十条第一項中「前条第三項第二号」とあるのは「投資法人法第七十一条第四項第二号」と、同条第二項及び同法第六十三条第一項中「第五十八条第一項第三号」とあるのは「投資法人法第七十条の二第一項第三号」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「投資法人法第七十条の二第一項」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。

(10)The provisions of Article 60, Article 62 (excluding item (ii)) and Article 63 of the Companies Act shall apply mutatis mutandis to Investment Equity Solicited at Establishment and Article 64 of that Act shall apply mutatis mutandis to the Bank, etc. prescribed in paragraph (2,).In this case, the term "item (ii), paragraph (3) of the preceding Article" in Article 60, paragraph (1) of that Act shall be deemed to be replaced with "Article 71, paragraph (4), item (ii) of the Investment Corporations Act," the term "item (iii) of Article 58 (1)" in Article 60, paragraph (2) and Article 63, paragraph (1) of the Companies Act shall be deemed to be replaced with "Article 70-2, paragraph (1), item (iii) of the Investment Corporations Act," the term "Article 57(1)" in Article 64, paragraph (1) of the Companies Act shall be deemed to be replaced with "Article 70-2, paragraph (1) of the Investment Corporations Act," and any other necessary technical replacement of terms shall be specified by a Cabinet Order.

第七十二条前条第一項の規定により通知された設立時執行役員、設立時監督役員及び設立時会計監査人の候補者は、設立時発行投資口の割当てが終了した時に、それぞれ設立時執行役員、設立時監督役員及び設立時会計監査人に選任されたものとみなす。

Article 72The candidates for becoming Corporate Officer(s) at Establishment, Supervisory Officers at Establishment, and an Accounting Auditor(s) at Establishment notified under paragraph (1) of the preceding Article shall be deemed as having been appointed as the Corporate Officer(s) at Establishment, Supervisory Officers at Establishment, and Accounting Auditor(s) at Establishment when the allotment of Investment Equity Issued at Establishment has been completed.

第七十三条設立時執行役員及び設立時監督役員は、投資法人の設立について、第七十条の二第一項第三号の期日又は同号の期間の末日のうち最も遅い日以後、遅滞なく、次に掲げる事項を調査しなければならない。

Article 73(1)With regard to the establishment of an Investment Corporation, a Corporate Officer(s) at Establishment or Supervisory Officers at Establishment shall make an investigation into the following matters without delay on or after either the date under Article 70-2, paragraph (1), item (iii) or the last day of the period set forth in that item, whichever comes later:

２設立時執行役員は、前項の規定による調査により同項各号のいずれかの事項について欠けるところがあるものと認めるときは、設立企画人にその旨を報告しなければならない。

(2)When a Corporate Officer(s) at Establishment finds, through an investigation made under the preceding paragraph, that any of the matters listed in the items of the preceding paragraph is lacking, he/she shall report to the organizer(s) to that effect.

３設立企画人は、前項の規定による報告を受けた場合には、設立時投資主（第七十五条第五項において準用する会社法第百二条第二項の規定により投資法人の投資主となる者をいう。以下同じ。）の総会（以下「創立総会」という。）を招集しなければならない。

(3)When an organizer(s) has received a report under the preceding paragraph, he/she shall call a general meeting of Investors at Establishment (meaning those who have become Investors in an Investment Corporation under Article 102, paragraph (2) of the Companies Act as applied mutatis mutandis pursuant to Article 75, paragraph (5); the same shall apply hereinafter) (hereinafter such general meeting shall be referred to as an "Organizational Meeting").

４第九十条の二及び第九十一条の規定は設立企画人が創立総会を招集する場合について、会社法第六十八条第五項から第七項まで、第七十二条第一項本文、第七十三条第一項及び第四項、第七十四条から第八十三条まで並びに第九十三条第二項及び第三項の規定は投資法人の創立総会について、同法第八百三十条、第八百三十一条、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。）、第八百三十五条第一項、第八百三十六条第一項及び第三項、第八百三十七条、第八百三十八条、第八百四十六条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。）の規定は投資法人の創立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、それぞれ準用する。この場合において、第九十一条第一項中「二月前までに当該日を公告し、当該日の二週間」とあるのは「二週間」と、同法第六十八条第五項中「第二十七条第五号又は第五十九条第三項第一号」とあるのは「投資法人法第六十七条第一項第十六号又は第七十一条第四項第一号」と、同条第七項中「第一項」とあるのは「投資法人法第七十三条第四項において準用する投資法人法第九十一条第一項」と、同法第七十三条第四項中「第六十七条第一項第二号」とあるのは「投資法人法第七十三条第四項において準用する投資法人法第九十条の二第一項第二号」と、同法第七十四条第四項及び第七十六条第二項中「第六十八条第三項」とあるのは「投資法人法第七十三条第四項において準用する投資法人法第九十一条第二項」と、同法第八十条中「第六十七条及び第六十八条」とあるのは「投資法人法第七十三条第四項において準用する投資法人法第九十条の二第一項及び第九十一条第一項から第三項まで」と、同法第八十一条第四項及び第八十二条第四項中「裁判所」とあるのは「内閣総理大臣」と、同法第九十三条第二項及び第三項中「設立時取締役」とあるのは「設立時執行役員及び設立時監督役員」と、同条第二項中「前項」とあり、及び同条第三項中「第一項」とあるのは「投資法人法第七十三条第一項」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。

(4)The provisions of Article 90-2 and Article 91 of this Act shall apply mutatis mutandis to cases where the organizer(s) call an Organizational Meeting; the provisions of Article 68, paragraph (5) through paragraph (7), the main clause of Article 72, paragraph (1), Article 73, paragraph (1) and paragraph (4), Article 74 through Article 83, and Article 93, paragraph (2) and paragraph (3) of the Companies Act shall apply mutatis mutandis to the Organizational Meeting of an Investment Corporation; and the provisions of Article 830, Article 831, Article 834 (limited to the part pertaining to item (xvi) and item (xvii)), Article 835, paragraph (1), Article 836, paragraph (1) and paragraph (3), Article 837, Article 838, Article 846, and Article 937, paragraph (1) (limited to the part pertaining to sub-item (g) of item (i)) of the Companies Act shall apply mutatis mutandis to an action for a declaratory judgment of absence or an invalidation of a resolution adopted at an Organizational Meeting of an Investment Corporation or an action seeking rescission of such resolution.In this case, the phrase "shall give public notice of the date of the Investors' meeting no later than two months prior to that date, and shall send notice thereof in writing to the Investors more than two weeks prior to that date" in Article 91, paragraph (1) of this Act shall be deemed to be replaced with "shall send notice of the date of the Investors' meeting no later than two weeks prior to that date," the phrase "item (v) of Article 27, or item (i) of Article 59(3)" in Article 68, paragraph (5) of the Companies Act shall be deemed to be replaced with "Article 67, paragraph (1), item (xvi) or Article 71, paragraph (4), item (i) of the Investment Corporations Act," the term "paragraph (1)" in Article 68, paragraph (7) of the Companies Act shall be deemed to be replaced with "Article 91, paragraph (1) of the Investment Corporations Act as applied mutatis mutandis pursuant to Article 73, paragraph (4) of the Investment Corporations Act," the term "item (ii) of Article 67(1)" in Article 73, paragraph (4) of the Companies Act shall be deemed to be replaced with "Article 90-2, paragraph (1), item (ii) of the Investment Corporations Act as applied mutatis mutandis pursuant to Article 73, paragraph (4) of the Investment Corporations Act," the phrase "Article 68(3)" in Article 74, paragraph (4) and Article 76, paragraph (2) of the Companies Act shall be deemed to be replaced with "Article 91, paragraph (2) of the Investment Corporations Act as applied mutatis mutandis pursuant to Article 73, paragraph (4) of the Investment Corporations Act," the phrase "Article 67 and Article 68" in Article 80 of the Companies Act shall be deemed to be replaced with "Article 90-2, paragraph (1) and Article 91, paragraph (1) through paragraph (3) of the Investment Corporations Act as applied mutatis mutandis pursuant to Article 73, paragraph (4) of the Investment Corporations Act," the term "the court" in Article 81, paragraph (4) and Article 82, paragraph (4) of the Companies Act shall be deemed to be replaced with "the Prime Minister," the phrase "The Directors at Incorporation" in Article 93, paragraph (2) and paragraph (3) of the Companies Act shall be deemed to be replaced with "The Corporate Officer(s) at Establishment and Supervisory Officers at Establishment," the terms "the preceding paragraph" in Article 93, paragraph (2) of the Companies Act and "paragraph (1)" in paragraph (3) of that Article shall be deemed to be replaced with "Article 73, paragraph (1) of the Investment Corporations Act," and any other necessary technical replacement of terms shall be specified by a Cabinet Order.

第七十四条投資法人は、設立の登記をすることによつて成立する。

Article 74The establishment of an Investment Corporation shall be completed through the registration of its establishment.

第七十五条会社法第五十三条から第五十六条までの規定は、投資法人について準用する。この場合において、必要な技術的読替えは、政令で定める。

Article 75(1)The provisions of Article 53 through Article 56 of the Companies Act shall apply mutatis mutandis to Investment Corporations.In this case, any necessary technical replacement of terms shall be specified by a Cabinet Order.

２投資法人の成立の時に設立時募集投資口のうち引受けのない部分があるときは、設立企画人、設立時執行役員及び設立時監督役員は、共同して、当該部分について引き受けたものとみなす。投資法人の成立後に投資口の引受人の設立時募集投資口の引受けに係る意思表示が取り消されたときも、同様とする。

(2)When there is any Investment Equity Solicited at Establishment that has yet to be subscribed for at the time of the establishment of an Investment Corporation, the organizer(s), Corporate Officer(s) at Establishment, and Supervisory Officers at Establishment shall be deemed to have jointly subscribed for such Investment Equity.The same shall apply to cases where a subscriber for Investment Equity has manifested his/her intention to cancel his/her subscription for Investment Equity Solicited at Establishment after the establishment of the Investment Corporation.

３投資法人の成立の時に設立時募集投資口のうち第七十一条第十項において準用する会社法第六十三条第一項の規定による払込みがされていないものがあるときは、設立企画人、設立時執行役員及び設立時監督役員は、連帯して、当該払込みがされていない額を支払う義務を負う。

(3)When there is any Investment Equity Solicited at Establishment that has yet to be paid in under Article 63, paragraph (1) of the Companies Act as applied mutatis mutandis pursuant to Article 71, paragraph (10) at the time of the establishment of an Investment Corporation, the organizer(s), Corporate Officer(s) at Establishment and Supervisory Officers at Establishment shall jointly and severally have the obligation to pay the unpaid amount.

４第七十条の二第一項の募集の広告その他当該募集に関する書面又は電磁的記録に自己の氏名又は名称及び投資法人の設立を賛助する旨を記載し、又は記録することを承諾した者（設立企画人を除く。）は、設立企画人とみなして、前三項の規定を適用する。

(4)Any person (excluding an organizer) who has consented to having his/her name and a statement to the effect that he/she supports the establishment of an Investment Corporation stated or recorded in an advertisement for solicitation as prescribed in Article 70-2, paragraph (1), other documents related to such solicitation, and an Electromagnetic Record shall be deemed to be an organizer and the preceding three paragraphs shall apply.

５会社法第百二条の規定は、設立時募集投資口について準用する。この場合において、必要な技術的読替えは、政令で定める。

(5)Article 102 of the Companies Act shall apply mutatis mutandis to Investment Equity Solicited at Establishment.In this case, any necessary technical replacement of terms shall be specified by a Cabinet Order.

６会社法第八百二十八条第一項（第一号に係る部分に限る。）及び第二項（第一号に係る部分に限る。）、第八百三十四条（第一号に係る部分に限る。）、第八百三十五条第一項、第八百三十六条第一項及び第三項、第八百三十七条から第八百三十九条まで、第八百四十六条並びに第九百三十七条第一項（第一号イに係る部分に限る。）の規定は、投資法人の設立の無効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。

(6)The provisions of Article 828, paragraph (1) (limited to the part pertaining to item (i)), and paragraph (2) (limited to the part pertaining to item (i)), Article 834 (limited to the part pertaining to item (i)), Article 835, paragraph (1), Article 836, paragraph (1) and paragraph (3), Article 837 through Article 839, Article 846, and Article 937, paragraph (1) (limited to the part pertaining to sub-item (a) of item (i)) of the Companies Act shall apply mutatis mutandis to an action seeking invalidation of the establishment of an Investment Corporation.In this case, any necessary technical replacement of terms shall be specified by a Cabinet Order.

７会社法第七編第二章第二節（第八百四十七条第二項、第八百四十九条第二項第二号及び第五項並びに第八百五十一条第一項第一号及び第二項を除く。）の規定は、設立企画人、設立時執行役員又は設立時監督役員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、必要な技術的読替えは、政令で定める。

(7)The provisions of Part VII, Chapter II, Section 2 of the Companies Act (excluding Article 847, paragraph (2), Article 849, paragraph (2), item (ii) and paragraph (5), and Article 851, paragraph (1), item (i) and paragraph (2)) shall apply mutatis mutandis to an action pursuing the liability of an organizer(s), a Corporate Officer(s) at Establishment, and Supervisory Officers at Establishment.In this case, any necessary technical replacement of terms shall be specified by a Cabinet Order.

第七十六条投資法人が発行する投資口は、無額面とする。

Article 76Investment Equity issued by an Investment Corporation shall have no par value.

第七十七条投資主の責任は、その有する投資口の引受価額を限度とする。

Article 77(1)The liability of Investors shall be limited in amount to the subscription price of Investment Equity held thereby.

２投資主は、その有する投資口につき次に掲げる権利その他この法律の規定により認められた権利を有する。

(2)An Investor shall, with regard to the Investment Equity he/she holds, have the following rights and other rights recognized pursuant to the provisions of this Act:

３投資主に前項第一号及び第二号に掲げる権利の全部又は同項第三号に掲げる権利の全部若しくは一部を与えない旨の規約の定めは、その効力を有しない。

(3)The provisions of the certificate of incorporation that do not provide for the whole of the rights listed in item (i) and item (ii) of the preceding paragraph or the whole or a part of the rights listed in item (iii) of that paragraph to the Investors shall not be effective.

４会社法第百六条及び第百九条第一項の規定は、投資口について準用する。この場合において、同項中「内容及び数」とあるのは「口数」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。

(4)The provisions of Article 106 and Article 109, paragraph (1) of the Companies Act shall apply mutatis mutandis to Investment Equity.In this case, the term "the features and numbers" in that paragraph shall be deemed to be replaced with "the number of units," and any other necessary technical replacement of terms shall be specified by a Cabinet Order.

第七十七条の二投資法人は、何人に対しても、投資主の権利の行使に関し、財産上の利益の供与（当該投資法人又はその子法人（投資法人が他の投資法人の発行済投資口（投資法人が発行している投資口をいう。以下同じ。）の過半数の投資口を有する場合における当該他の投資法人をいう。以下同じ。）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。

Article 77-2(1)An Investment Corporation shall not give property benefits to any person with regard to the exercise of the rights of an Investor (limited to the provision of benefits made on the account of said Investment Corporation or its Subsidiary Corporation (meaning an Investment Corporation the majority of whose Issued Investment Equity (meaning Investment Equity issued by an Investment Corporation; the same shall apply hereinafter) is held by another Investment Corporation; the same shall apply hereinafter); hereinafter the same shall apply in this Article).

２投資法人が特定の投資主に対して無償で財産上の利益の供与をしたときは、当該投資法人は、投資主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。投資法人が特定の投資主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、当該投資法人又はその子法人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。

(2)When an Investment Corporation has given property benefits without compensation to a particular Investor, said Investment Corporation shall, with regard to the exercise of the rights of an Investor, be presumed to have given property benefits.The same shall apply to cases where an Investment Corporation has given property benefits to a particular Investor with compensation if the benefits received by said Investment Corporation or its Subsidiary Corporation are much lower than the property benefits.

３投資法人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、これを当該投資法人又はその子法人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、当該投資法人又はその子法人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。

(3)When an Investment Corporation has given property benefits in violation of paragraph (1), the recipient of such benefits shall return the same to the Investment Corporation or its Subsidiary Corporation.In this case, if the recipient has tendered anything to the Investment Corporation or its Subsidiary Corporation in exchange for said benefits, said recipient may receive the return of the same.

４投資法人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執行役員又は監督役員として内閣府令で定める者は、当該投資法人に対して、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執行役員を除く。）がその職務を行うについて注意を怠らなかつたことを証明した場合は、この限りでない。

(4)When an Investment Corporation has given property benefits in violation of paragraph (1), any corporate officer(s) or supervisory officers who have participated in giving the benefits as provided by a Cabinet Office Ordinance shall jointly and severally have an obligation to pay the amount equivalent to the given benefits; provided, however, that, this shall not apply to cases where the relevant person (excluding a corporate officer who has given such benefits) has proved that he/she did not fail to exercise due care in the course of his/her duties.

５前項の義務は、総投資主の同意がなければ、免除することができない。

(5)An exemption from the obligation as provided in the preceding paragraph shall not be given without the consent of all the Investors.

６会社法第七編第二章第二節（第八百四十七条第二項、第八百四十九条第二項第二号及び第五項並びに第八百五十一条第一項第一号及び第二項を除く。）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、必要な技術的読替えは、政令で定める。

(6)The provisions of Part VII, Chapter II, Section 2 of the Companies Act (excluding Article 847, paragraph (2), Article 849, paragraph (2), item (ii) and paragraph (5) and Article 851, paragraph (1), item (i) and paragraph (2)) shall apply mutatis mutandis to an action seeking the return of the benefits set forth in paragraph (3).In this case, any necessary technical replacement of terms shall be specified by a Cabinet Order.

第七十七条の三投資法人は、投資主名簿を作成し、これに次に掲げる事項及び発行済投資口の総口数を記載し、又は記録しなければならない。

Article 77-3(1)An Investment Corporation shall prepare an Investors' registry and state or record the following matters and the total number of units of Issued Investment Equity therein:

２投資法人は、一定の日（以下この項及び次項において「基準日」という。）を定めて、基準日において投資主名簿に記載され、又は記録されている投資主をその権利を行使することができる者と定めることができる。

(2)An Investment Corporation may fix a certain date (hereinafter referred to as the "Record Date" in this paragraph and the following paragraph) and provide to the effect that the Investors stated or recorded in the Investors' registry on the Record Date may exercise their rights.

３会社法第百二十四条第二項及び第三項の規定は基準日について、同法第百二十五条（第三項第三号を除く。）の規定は投資主名簿について、同法第百二十六条並びに第百九十六条第一項及び第二項の規定は投資主に対してする通知又は催告について、それぞれ準用する。この場合において、同法第百二十五条第一項中「その本店（株主名簿管理人がある場合にあっては、その営業所）」とあるのは「投資法人法第百六十六条第二項第八号に規定する投資主名簿等管理人の営業所」と、同条第四項及び第五項中「裁判所」とあるのは「内閣総理大臣」と、同項中「第三項各号」とあるのは「第三項第一号、第二号、第四号又は第五号」と、同法第百二十六条第五項中「第二百九十九条第一項（第三百二十五条において準用する場合を含む。）」とあるのは「投資法人法第九十一条第一項」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。

(3)The provisions of Article 124, paragraph (2) and paragraph (3) of the Companies Act shall apply mutatis mutandis to the Record Date, Article 125 of that Act (excluding paragraph (3), item (iii)) shall apply mutatis mutandis to the Investors' registry, and the provisions of Article 126 and Article 596, paragraph (1) and paragraph (2) of that Act shall apply mutatis mutandis to the notice or demand made to the Investors.In this case, the phrase "its head office (or, in cases where there is an Administrator of Shareholder Registry, at its business office)" in Article 125, paragraph (1) of that Act shall be deemed to be replaced with "the business office of the Administrator of the Investors' Registry, etc. as prescribed in Article 166, paragraph (2), item (viii) of the Investment Corporations Act," the term "the court" in Article 125, paragraph (4) and paragraph (5) of the Companies Act shall be deemed to be replaced with "the Prime Minister," the term "any item of paragraph (3)" in Article 125, paragraph (5) of that Act shall be deemed to be replaced with " paragraph (3), item (i), item (ii), item (iv), and item (v)," the phrase "Article 299(1) (including the case where applied mutatis mutandis pursuant to Article 325)" in Article 126, paragraph (5) of that Act shall be deemed to be replaced with "Article 91, paragraph (1) of the Investment Corporations Act," and any other necessary technical replacement of terms shall be specified by a Cabinet Order.

４第二項の規定並びに前項において準用する会社法第百二十四条第二項及び第三項並びに第百九十六条第一項及び第二項の規定は第七十九条第四項において準用する同法第百四十八条各号に掲げる事項が投資主名簿に記載され、又は記録された質権者（以下「登録投資口質権者」という。）について、同法第百五十条の規定は登録投資口質権者に対してする通知又は催告について、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。

(4)The provisions of paragraph (2), and the provisions of Article 124, paragraph (2) and paragraph (3) and Article 196, paragraph (1) and paragraph (2) of the Companies Act as applied mutatis mutandis pursuant to the preceding paragraph shall apply mutatis mutandis to pledgees who have had the matters listed in the items of Article 148 of that Act as applied mutatis mutandis pursuant to Article 79, paragraph (4) stated or recorded (hereinafter such pledgees shall be referred to as "Registered Pledgees of Investment Equity") and Article 150 of that Act shall apply mutatis mutandis to the notice or demand given to Registered Pledgees of Investment Equity.In this case, any necessary technical replacement of terms shall be specified by a Cabinet Order.

５投資法人が投資口の全部について投資証券を発行していない場合には、第三項において準用する会社法第百二十四条第三項（前項において準用する場合を含む。）の規定による公告に代えて、公告すべき事項を投資主及び登録投資口質権者に通知することができる。

(5)If an Investment Corporation has not issued Investment Securities for any of its Investment Equity, it may notify the Investors or Registered Pledgees of Investment Equity of the matters for which public notice are to be given in lieu of giving public notice as set forth in Article 124, paragraph (3) of the Companies Act (including the cases where it is applied mutatis mutandis pursuant to the preceding paragraph) as applied mutatis mutandis pursuant to paragraph (3).

第七十八条投資主は、その有する投資口を譲渡することができる。

Article 78(1)An Investor may transfer the Investment Equity he/she holds.

２投資法人は、投資口の譲渡について、役員会の承認を必要とすることその他の制限を設けることができない。

(2)An Investment Corporation may not, with regard to the transfer of Investment Equity, provide to the effect that the approval of the board of officers is required or impose any other restrictions.

３投資口の譲渡は、当該投資口に係る投資証券を交付しなければ、その効力を生じない。

(3)The transfer of Investment Equity shall not become effective unless the Investment Securities for the relevant Investment Equity are delivered.

４投資証券の発行前にした投資口の譲渡は、投資法人に対し、その効力を生じない。

(4)The transfer of Investment Equity effected prior to the issue of Investment Securities shall not be effective vis-a-vis an Investment Corporation.

第七十九条投資口の譲渡は、その投資口を取得した者の氏名又は名称及び住所を投資主名簿に記載し、又は記録しなければ、投資法人に対抗することができない。

Article 79(1)The transfer of Investment Equity shall not be duly asserted against the Investment Corporation unless the name and address of the person who has acquired the Investment Equity is stated or recorded in the Investors' registry.

２投資証券の占有者は、当該投資証券に係る投資口についての権利を適法に有するものと推定する。

(2)The person who possesses the Investment Securities shall be presumed to be the lawful owner of the rights related to the Investment Equity pertaining to said Investment Securities.

３会社法第百三十一条第二項の規定は投資証券について、同法第百三十二条及び第百三十三条の規定は投資口について、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。

(3)Article 131, paragraph (2) of the Companies Act shall apply mutatis mutandis to the Investment Securities, and the provisions of Article 132 and Article 133 of that Act shall apply mutatis mutandis to the Investment Equity.In this case, any necessary technical replacement of terms shall be specified by a Cabinet Order.

４会社法第百四十六条、第百四十七条第二項及び第三項、第百四十八条、第百五十一条（第四号、第五号、第八号、第九号、第十一号及び第十四号に係る部分に限る。）、第百五十三条第二項及び第三項並びに第百五十四条の規定は、投資口の質入れについて準用する。この場合において、同法第百五十一条第八号中「剰余金の配当」とあるのは「金銭の分配」と、同条第十四号中「取得」とあるのは「払戻し又は取得」と、同法第百五十三条第二項中「前条第二項に規定する場合」とあるのは「投資口の併合をした場合」と、同条第三項中「前条第三項に規定する場合」とあるのは「投資口の分割をした場合」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。

(4)The provisions of Article 146, Article 147, paragraph (2) and paragraph (3), Article 148, Article 151 (limited to the part pertaining to item (iv), item (v), item (viii), item (ix), item (xi), and item (xiv)), Article 153, paragraph (2) and paragraph (3) and Article 154 of the Companies Act shall apply mutatis mutandis to the pledge of Investment Equity.In this case, the phrase "Dividends of surplus" in Article 151, item (viii) of that Act shall be deemed to be replaced with "Distribution of monies," the term "Acquisition" in item (xiv) of that Article shall be deemed to be replaced with "refund or acquisition," the phrase "In the cases provided for in paragraph (2) of the preceding Article" in Article 153, paragraph (2) of that Act shall be deemed to be replaced with "In cases where the Investment Equity is consolidated," the phrase "In the cases provided for in paragraph (3) of the preceding Article" in paragraph (3) of that Article shall be deemed to be replaced with "In cases where the Investment Equity is split" and any other necessary technical replacement of terms shall be specified by a Cabinet Order.

第八十条投資法人は、当該投資法人の投資口を取得し、又は質権の目的として受けることができない。ただし、次に掲げる場合において当該投資口を取得するときは、この限りでない。

Article 80(1)An Investment Corporation shall not acquire its own Investment Equity or receive such Investment Equity as the subject of a pledge; provided, however, that, this shall not apply to cases where the Investment Equity is acquired in the following cases:

２前項ただし書の場合においては、当該投資法人は、相当の時期にその投資口の処分をしなければならない。

(2)In the cases referred to in the proviso to the preceding paragraph, the Investment Corporation shall dispose of its Investment Equity at an appropriate time.

３前項の処分の方法は、内閣府令で定める。

(3)The method for disposal set forth in the preceding paragraph shall be specified by a Cabinet Office Ordinance.

第八十一条子法人は、その親法人（他の投資法人を子法人とする投資法人をいう。以下同じ。）である投資法人の投資口（以下この条において「親法人投資口」という。）を取得してはならない。

Article 81(1)A Subsidiary Corporation shall not acquire the Investment Equity pertaining to the Investment Corporation which is its Parent Corporation (meaning an Investment Corporation which has another Investment Corporation as its Subsidiary Corporation; the same shall apply hereinafter) (hereinafter such Investment Equity shall be referred to as the "Investment Equity of a Parent Corporation" in this Article).

２前項の規定は、次に掲げる場合には、適用しない。

(2)The preceding paragraph shall not apply to the following cases:

３子法人は、相当の時期にその有する親法人投資口を処分しなければならない。

(3)A Subsidiary Corporation shall dispose of the Investment Equity of a Parent Corporation it holds at an appropriate time.

４他の投資法人の発行済投資口の過半数の投資口を、親法人及び子法人又は子法人が有するときは、この法律の適用については、当該他の投資法人をその親法人の子法人とみなす。

(4)With regard to the application of this Act, where a Parent Corporation and Subsidiary Corporation, or a Subsidiary Corporation holds the majority of the Investment Equity pertaining to the Issued Investment Equity of another Investment Corporation, such other Investment Corporation shall be deemed to be the Subsidiary Corporation of the Parent Corporation.

５前条第三項の規定は、第三項の親法人投資口を処分する場合について準用する。

(5)The provisions of paragraph (3) of the preceding Article shall apply mutatis mutandis to cases where the Investment Equity of a Parent Corporation is disposed of as set forth in paragraph (3).

第八十一条の二投資法人は、投資口の併合をすることができる。

Article 81-2(1)An Investment Corporation may consolidate its Investment Equity.

２会社法第百八十条第二項（第三号を除く。）及び第三項、第百八十一条並びに第百八十二条の規定は前項の場合について、同法第二百十五条第二項の規定は投資法人（規約によつて第八十六条第一項前段の規定による定めをしたものを除く。）について、それぞれ準用する。この場合において、同法第百八十条第二項中「株主総会」とあるのは「投資主総会」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。

(2)The provisions of Article 180 paragraph (2) (excluding item (iii)) and paragraph (3), Article 181 and Article 182 of the Companies Act shall apply mutatis mutandis to the cases prescribed in the preceding paragraph, and Article 215, paragraph (2) of that Act shall apply mutatis mutandis to an Investment Corporation (excluding one who has provided for in its certificates of incorporation as prescribed in the first sentence of Article 86, paragraph (1)), respectively.In this case, the term "shareholders meeting" in Article 180, paragraph (2) of that Act shall be deemed to be replaced with "Investors' meeting" and any other necessary technical replacement of terms shall be specified by a Cabinet Order.

第八十一条の三投資法人は、投資口の分割をすることができる。

Article 81-3(1)An Investment Corporation may split its Investment Equity.

２会社法第百八十三条第二項（第三号を除く。）及び第百八十四条の規定は前項の場合について、同法第二百十五条第三項の規定は投資法人（規約によつて第八十六条第一項前段の規定による定めをしたものを除く。）について、それぞれ準用する。この場合において、同法第百八十三条第二項中「株式会社は、」とあるのは「投資法人が」と、「その都度、株主総会（取締役会設置会社にあっては、取締役会）の決議によって」とあるのは「執行役員は、その都度」と、「定めなければならない」とあるのは「定め、役員会の承認を受けなければならない」と、同法第百八十四条第二項中「第四百六十六条」とあるのは「投資法人法第百四十条」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。

(2)The provisions of Article 183, paragraph (2) (excluding item (iii)) and Article 184 of the Companies Act shall apply mutatis mutandis to the cases prescribed in the preceding paragraph and Article 215, paragraph (3) of that Act shall apply mutatis mutandis to an Investment Corporation (excluding one who has provided as prescribed in the first sentence of Article 86, paragraph (1) in its certificate of incorporation).In this case, the terms "a Stock Company" and "it shall prescribe the following matters by resolution at a shareholders meeting (or of a board of directors meeting for a Company with a Board of Directors)" in Article 183, paragraph (2) of that Act shall be deemed to be replaced with "an Investment Corporation" and "the corporate officers shall provide for the following matters and obtain approval from the board of officers," respectively, the term "Article 466" in Article 184, paragraph (2) of that Act shall be deemed to be replaced with "Article 140 of the Investment Corporations Act," and any other necessary technical replacement of terms shall be specified by a Cabinet Order.

第八十一条の四第八十六条第一項に規定する投資法人は、その設立の際の最初の規約によつて、前条第二項において準用する会社法第百八十三条第二項（第三号を除く。）の規定によらないで投資口の分割をする旨を定めることができる。この場合においては、第七十条の二第一項又は次条第一項の募集に応じて設立時募集投資口又は同項に規定する募集投資口の引受けの申込みをしようとする者に対し、その旨及び次項各号に掲げる事項を通知しなければならない。

Article 81-4(1)The Investment Corporation set forth in Article 86, paragraph (1) may, notwithstanding the provisions of Article 183, paragraph (2) of the Companies Act (excluding item (iii)) as applied mutatis mutandis pursuant to paragraph (2) of the preceding Article, provide to the effect that it shall split its Investment Equity under its first certificate of incorporation upon establishment.In this case, such Investment Corporation shall notify the person who intends to apply to subscribe for Investment Equity Solicited at Establishment or Investment Equity for Subscription as prescribed in paragraph (1) of the following Article to that effect and of the matters listed in the items of the following paragraph, in response to solicitation made under Article 70-2, paragraph (1) or Article 82, paragraph (1).

２前項前段の場合には、規約によつて、次に掲げる事項を定めなければならない。

(2)In the case referred to in the first sentence of the preceding paragraph, the following matters shall be provided in the certificate of incorporation:

３第一項前段の場合には、当該投資法人は、内閣府令で定める期間ごとに、前項第三号に規定する投資主及び当該投資主の有する投資口に係る登録投資口質権者に対して、その投資主が投資口の分割により受ける投資口の口数、分割に関する計算その他内閣府令で定める事項を通知しなければならない。

(3)In the case referred to in the first sentence of paragraph (1), the Investment Corporation shall, for each period specified by a Cabinet Office Ordinance, notify the Investors prescribed in item (iii) of the preceding paragraph and the Registered Pledgees of Investment Equity pertaining to the Investment Equity held by the Investors, of the number of units of Investment Equity the Investors shall receive as a result of a split of the Investment Equity, the calculation concerning the split, and other matters specified by a Cabinet Office Ordinance.

第八十二条投資法人がその発行する投資口を引き受ける者の募集をしようとするときは、執行役員は、その都度、募集投資口（当該募集に応じて当該投資口の引受けの申込みをした者に対して割り当てる投資口をいう。以下この節において同じ。）について次に掲げる事項を定め、役員会の承認を受けなければならない。

Article 82(1)When an Investment Corporation intends to solicit persons to subscribe for the Investment Equity it issues, the corporate officer(s) shall, on each occasion, provide for the following matters regarding the Investment Equity for Subscription (meaning the Investment Equity allotted to persons who have applied to subscribe for the Investment Equity in response to solicitation; hereinafter the same shall apply in this Section) and obtain the approval of the board of officers:

２前項の規定にかかわらず、第八十六条第一項に規定する投資法人の執行役員は、発行期間を定め、その発行期間内における募集投資口を引き受ける者の募集について、役員会の承認を一括して求めることができる。

(2)Notwithstanding the provisions of the preceding paragraph, the corporate officer(s) of an Investment Corporation as provided in Article 86, paragraph (1) shall specify the period for the issue and seek the collective approval of the board of officers with regard to solicitation of persons to subscribe for Investment Equity for Subscription within the relevant period for the issue.

３前項の場合には、同項の執行役員は、発行期間のほか次に掲げる事項について定め、役員会の承認を受けなければならない。

(3)In the case referred to in the preceding paragraph, the corporate officer(s) set forth in that paragraph shall provide for the following matters in addition to the period for the issue, and shall obtain the approval of the board of officers:

４第二項の場合には、当該投資法人は、前項第二号に掲げる方法により確定した同号の募集ごとの払込金額を公示しなければならない。この場合において、公示の方法その他の必要な事項は、内閣府令で定める。

(4)In the case referred to in paragraph (2), the Investment Corporation shall give public notice of the amount to be paid in for each solicitation under item (ii) of the preceding paragraph which has been fixed by the method listed in that item.In this case, the method of giving public notice and any other necessary matters shall be specified by a Cabinet Office Ordinance.

５第一項各号に掲げる事項（第二項の場合にあつては、第三項の発行期間及び同項各号に掲げる事項。次条第一項第六号において「募集事項」という。）は、第一項の募集ごとに、均等に定めなければならない。

(5)The matters listed in the items of paragraph (1) (in the case referred to in paragraph (2), the period for issue under paragraph (3) and the matters listed in the items of that paragraph; such matters shall be referred to as "Subscription Requirements" in paragraph (1), item (vi) of the following Article) shall be provided equally for each solicitation under paragraph (1).

６前項の場合において、募集投資口の払込金額は、投資法人の保有する資産の内容に照らし公正な金額としなければならない。

(6)In the case referred to in the preceding paragraph, the amount to be paid in for the Investment Equity for Subscription shall be fair in light of the contents of the assets held by the Investment Corporation.

７投資法人がその成立後に投資口を発行したときは、当該投資口の払込金額の総額を出資総額に組み入れなければならない。

(7)When an Investment Corporation has issued an Investment Equity after its establishment, it shall incorporate the total amount to be paid in for the Investment Equity into its total amount of investment.

第八十三条投資法人は、前条第一項の募集に応じて募集投資口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。

Article 83(1)An Investment Corporation shall notify a person who intends to apply to subscribe for an Investment Equity for Subscription of the following matters in response to solicitation made under paragraph (1) of the preceding Article:

２前項第四号に掲げる事項の細目は、内閣府令で定める。

(2)The details of the matters listed in item (iv) of the preceding paragraph shall be specified by a Cabinet Office Ordinance.

３前条第一項の募集に応じて募集投資口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投資法人に交付しなければならない。

(3)Any person who applies to subscribe for an Investment Equity for Subscription in response to solicitation made under paragraph (1) of the preceding Article shall deliver documents to the Investment Corporation in which the following matters are stated:

４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、投資法人の承諾を得て、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。

(4)Any person who files an application under the preceding paragraph may, in lieu of delivering the documents as prescribed in that paragraph, provide the matters to be stated in the documents set forth in that paragraph by Electromagnetic Means with the consent of the Investment Corporation, pursuant to the provisions of a Cabinet Order.In this case, the person who filed such application shall be deemed to have delivered the documents under that paragraph.

５第一項の規定は、投資法人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投資口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。

(5)The provisions of paragraph (1) shall not apply to cases where an Investment Corporation has delivered a prospectus as prescribed in Article 2, paragraph (10) of the Financial Instruments and Exchange Act in which the matters listed in the items of paragraph (1) are stated, to the person who intends to file an application under paragraph (1), nor shall they apply to other cases specified by a Cabinet Office Ordinance as those in which it is unlikely that the protection of the person who intends to apply to subscribe for the Investment Equity for Subscription will be compromised.

６投資法人は、第一項各号に掲げる事項について変更があつたときは、直ちに、その旨及び当該変更があつた事項を第三項の申込みをした者（次項において「申込者」という。）に通知しなければならない。

(6)When there are any changes in the matters listed in the items of paragraph (1), the Investment Corporation shall immediately notify the person who filed the application under paragraph (3) to that effect and of the changed matters (such person shall be referred to as the "Applicant" in the following paragraph).

７投資法人が申込者に対してする通知又は催告は、第三項第一号の住所（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投資法人に通知した場合にあつては、その場所又は連絡先）にあてて発すれば足りる。

(7)It shall be sufficient if a notice or demand made to an Applicant by the Investment Corporation is sent to the address set forth in item (i) of paragraph (3) (in cases where the Applicant has notified the Investment Corporation of another place or contact address to receive a notice or demand, such place or contact address).

８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つた時に、到達したものとみなす。

(8)The notice or demand referred to in the preceding paragraph shall be deemed to have arrived at the time when such notice or demand should have normally arrived.

９会社法第二百四条第一項及び第三項、第二百五条並びに第二百六条の規定は、募集投資口について準用する。この場合において、同法第二百四条第一項中「前条第二項第二号」とあるのは「投資法人法第八十三条第三項第二号」と、同条第三項中「第百九十九条第一項第四号の期日（同号の期間を定めた場合にあっては、その期間の初日）」とあるのは「投資法人法第八十二条第一項第三号の期日（同号の期間を定めた場合にあってはその期間の初日、同条第二項の場合にあっては同条第三項第二号に掲げる方法により確定した同号の期日）」と、同法第二百五条中「前二条」とあるのは「投資法人法第八十三条第一項から第八項まで並びに同条第九項において準用する前条第一項及び第三項」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。

(9)The provisions of Article 204, paragraph (1) and paragraph (3), Article 205, and Article 206 of the Companies Act shall apply mutatis mutandis to an Investment Equity for Subscription.In this case, the term "item (ii), paragraph (2) of the preceding Article" in Article 204, paragraph (1) of that Act shall be deemed to be replaced with "Article 83, paragraph (3), item (ii) of the Investment Corporations Act," the phrase "the date referred to in item (iv), paragraph (1) of Article 199 (or, in cases where a period is prescribed under that item, no later than the day immediately preceding the first day of that period)" in Article 204, paragraph (3) of the Companies Act shall be deemed to be replaced with "the date referred to in Article 82, paragraph (1), item (iii) of the Investment Corporations Act (or, in cases where a period is prescribed under that item, no later than the day immediately preceding the first day of that period, and in cases referred to in paragraph (2) of that Article, the date set forth in item (ii), paragraph (3) of that Article fixed by the method listed in that item)," the phrase "the preceding two Articles" in Article 205 of the Companies Act shall be deemed to be replaced with "the provisions of Article 83, paragraph (1) through paragraph (8) and paragraph (1) and paragraph (3) of the preceding Article as applied mutatis mutandis pursuant to Article 83, paragraph (9) of the Investment Corporations Act," and any other necessary technical replacement of terms shall be specified by a Cabinet Order.

第八十四条会社法第二百八条（第二項を除く。）、第二百九条、第二百十一条及び第二百十二条第一項（第二号を除く。）の規定は、募集投資口について準用する。この場合において、同法第二百八条第一項中「第百九十九条第一項第四号の期日又は同号の期間内」とあるのは「投資法人法第八十二条第一項第三号の期日又は同号の期間内（同条第二項の場合にあっては、同条第三項第二号に掲げる方法により確定した同号の期日）」と、同法第二百九条第一号中「第百九十九条第一項第四号の期日」とあるのは「投資法人法第八十二条第一項第三号の期日（同条第二項の場合にあっては、同条第三項第二号に掲げる方法により確定し同号の期日）」と、同条第二号中「第百九十九条第一項第四号」とあるのは「投資法人法第八十二条第一項第三号」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。

Article 84(1)The provisions of Article 208 (excluding paragraph (2)), Article 209, Article 211, and Article 212, paragraph (1) (excluding item (ii)) of the Companies Act shall apply mutatis mutandis to the Investment Equity for Subscription.In this case, the phrase "on the date or within the period provided for in Article 199(1)(iv)" in Article 208, paragraph (1) of that Act shall be deemed to be replaced with "on the date or within the period provided for in Article 82, paragraph (1), item (iii) of the Investment Corporations Act (or, in the case referred to in paragraph (2) of that Article, the date under item (ii), paragraph (3) of that Article fixed by the method set forth in that item)," the phrase "a date under Article 199(1)(iv)" in Article 209, item (i) of the Companies Act shall be deemed to be replaced with "a date under Article 82, paragraph (1), item (iii) of the Investment Corporations Act (in the case referred to in paragraph (2) of that Article, the date prescribed in Article 82, paragraph (3), item (ii) fixed by the method set forth in that item)," the term "Article 199(1)(iv)" in Article 209, item (ii) shall be deemed to be replaced with "Article 82, paragraph (1), item (iii) of the Investment Corporations Act" and any other necessary technical replacement of terms shall be specified by a Cabinet Order.

２会社法第八百二十八条第一項（第二号に係る部分に限る。）及び第二項（第二号に係る部分に限る。）、第八百三十四条（第二号に係る部分に限る。）、第八百三十五条第一項、第八百三十六条第一項及び第三項、第八百三十七条から第八百四十条まで、第八百四十六条並びに第九百三十七条第一項（第一号ロに係る部分に限る。）の規定は投資法人の成立後における投資口の発行の無効の訴えについて、同法第八百六十八条第一項、第八百七十一条本文、第八百七十二条（第二号に係る部分に限る。）、第八百七十三条本文、第八百七十五条から第八百七十七条まで及び第八百七十八条第一項の規定はこの項において準用する同法第八百四十条第二項の申立てについて、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。

(2)The provisions of Article 828, paragraph (1) (limited to the part pertaining to item (ii)) and paragraph (2) (limited to the part pertaining to item (ii)), Article 834 (limited to the part pertaining to item (ii)), Article 835, paragraph (1), Article 836, paragraph (1) and paragraph (3), Article 837 through Article 840, Article 846, and Article 937, paragraph (1) (limited to the part pertaining to sub-item (b) of item (i)) of the Companies Act shall apply mutatis mutandis to an action seeking invalidation of the issue of Investment Equity after the establishment of an Investment Corporation, and the provisions of Article 868, paragraph (1), the main clause of Article 871, Article 872 (limited to the part pertaining to item (ii)), the main clause of Article 873, Article 875 through Article 877, and Article 878, paragraph (1) of that Act shall apply mutatis mutandis to the petition filed under Article 840, paragraph (2) of that Act as applied mutatis mutandis pursuant to this paragraph, respectively.In this case, any necessary technical replacement of terms shall be specified by a Cabinet Order.

３会社法第八百二十九条（第一号に係る部分に限る。）、第八百三十四条（第十三号に係る部分に限る。）、第八百三十五条第一項、第八百三十六条から第八百三十八条まで、第八百四十六条及び第九百三十七条第一項（第一号ホに係る部分に限る。）の規定は、投資法人の成立後における投資口の発行の不存在の確認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。

(3)The provisions of Article 829 (limited to the part pertaining to item (i)), Article 834 (limited to the part pertaining to item (xiii)), Article 835, paragraph (1), Article 836 through Article 838, Article 846, and Article 937, paragraph (1) (limited to the part pertaining to sub-item (e) of item (i)) of the Companies Act shall apply mutatis mutandis to an action for a declaratory judgment of absence of the Investment Equity issued after the establishment of an Investment Corporation.In this case, any necessary technical replacement of terms shall be specified by a Cabinet Order.

４会社法第七編第二章第二節（第八百四十七条第二項、第八百四十九条第二項第二号及び第五項並びに第八百五十一条第一項第一号及び第二項を除く。）の規定は、第一項において準用する同法第二百十二条第一項（第二号を除く。）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、必要な技術的読替えは、政令で定める。

(4)The provisions of Part VII, Chapter II, Section 2 (excluding Article 847, paragraph (2), Article 849, paragraph (2), item (ii) and paragraph (5), and Article 851, paragraph (1), item (i) and paragraph (2)) of the Companies Act shall apply mutatis mutandis to an action seeking payment under Article 212, paragraph (1) (excluding item (ii)) of that Act as applied mutatis mutandis pursuant to paragraph (1).In this case, any necessary technical replacement of terms shall be specified by a Cabinet Order.

第八十五条投資法人は、投資口を発行した日以後遅滞なく、当該投資口に係る投資証券を発行しなければならない。

Article 85(1)An Investment Corporation shall, on or after the day it has issued Investment Equity, issue Investment Securities pertaining to said Investment Equity without delay.

２投資証券には、次に掲げる事項及びその番号を記載し、執行役員がこれに署名し、又は記名押印しなければならない。

(2)The Investment Securities shall have the following matters and their serial numbers stated thereon, and the corporate officers shall sign or affix their names and seals thereto:

３会社法第二百十七条の規定は投資法人（規約によつて次条第一項前段の規定による定めをしたものを除く。）の投資証券について、同法第二百九十一条の規定は投資証券について、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。

(3)The provisions of Article 217 of the Companies Act shall apply mutatis mutandis to the Investment Securities of an Investment Corporation (excluding one who has provided in its certificate of incorporation as prescribed in the first sentence of paragraph (1) of the following Article), and the provisions of Article 291 of that Act shall apply mutatis mutandis pursuant to Investment Securities.In this case, any necessary technical replacement of terms shall be specified by a Cabinet Order.

第八十六条投資主の請求により投資口の払戻しをする旨の規約の定めがある投資法人は、前条第一項の規定にかかわらず、規約によつて、投資主の請求があるまで投資証券を発行しない旨を定めることができる。この場合においては、第七十条の二第一項又は第八十二条第一項の募集に応じて設立時募集投資口又は募集投資口の引受けの申込みをしようとする者に対し、その旨を通知しなければならない。

Article 86(1)Any Investment Corporation that has, in its certificate of incorporation, provided to the effect that the Investment Equity shall be refunded at the request of the Investor may, notwithstanding the provision of paragraph (1) of the preceding Article, provide in its certificate of incorporation to the effect that it shall not issue Investment Securities until requested to do so by the Investor.In this case, the Investment Corporation shall notify the person who intends to apply to subscribe for Investment Equity Solicited at Establishment or Investment Equity for Subscription to that effect in response to solicitation carried out under Article 70-2, paragraph (1) or Article 82, paragraph (1).

２前項前段の場合において、既に発行された投資証券を有する投資主は、当該投資証券を投資法人に提出して、その所持を希望しない旨を申し出ることができる。この場合においては、当該投資法人に提出された当該投資証券は、無効とする。

(2)In the case referred to in the first sentence of the preceding paragraph, an Investor who holds Investment Securities which have already been issued may submit said Investment Securities to the Investment Corporation and report to the effect that he/she does not wish to hold such Investment Securities.In this case, the Investment Securities submitted to the Investment Corporation shall be invalid.

３第一項前段の規定による定めをした投資法人は、投資主の請求により投資証券を発行したときはその旨を、前項前段の規定による申出を受けたときは当該投資証券が返還された旨を、それぞれ投資主名簿に遅滞なく記載し、又は記録しなければならない。

(3)An Investment Corporation who has provided for as prescribed in the first sentence of paragraph (1), shall have stated or recorded in the Investors' registry to the effect that it has issued Investment Securities at the request of the Investors or if it has received a report under the first sentence of the preceding paragraph, to the effect that the Investment Securities have been returned, respectively, without delay.

４前項の投資法人が規約を変更して投資口の払戻しに応じないこととするときは、規約を変更して同項の定めを廃止し、遅滞なく、未発行の投資証券を発行しなければならない。

(4)When the Investment Corporation referred to in the preceding paragraph has decided not to refund the Investment Equity by changing its certificate of incorporation, it shall change its certificate of incorporation and repeal that paragraph as well as issuing un-issued Investment Securities without delay.

第八十七条投資法人が次に掲げる行為をする場合には、当該行為の効力が生ずる日までに当該投資法人に対し全部の投資口に係る投資証券を提出しなければならない旨を当該日の一月前までに、公告し、かつ、すべての投資主及びその登録投資口質権者には、各別にこれを通知しなければならない。ただし、投資口の全部について投資証券を発行していない場合は、この限りでない。

Article 87(1)In cases where an Investment Corporation carries out any of the following acts, it shall give public notice and a separate notice to all of the Investors and to the Registered Pledgee of Investment Equity that all of the Investment Securities pertaining to Investment Equity shall be submitted to said Investment Corporation by the day on which the relevant act becomes effective, no later than one month prior to said day; provided, however, that this shall not apply to cases where the Investment Corporation has not issued Investment Securities for any of its Investment Equity:

２会社法第二百十九条第二項及び第三項並びに第二百二十条の規定は、投資証券について準用する。この場合において、同法第二百十九条第二項中「前項各号」とあり、同条第三項中「第一項各号」とあり、及び同法第二百二十条第一項中「前条第一項各号」とあるのは「投資法人法第八十七条第一項各号」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。

(2)The provisions of Article 219, paragraph (2) and paragraph (3) and Article 220 of the Companies Act shall apply mutatis mutandis to Investment Securities.In this case, the phrases "any item of the preceding paragraph" in Article 219, paragraph (2) of that Act, "each item of paragraph (1)" in Article 219, paragraph (3) of that Act and "each item of paragraph (1) of the preceding Article" in Article 220, paragraph (1) of that Act shall be deemed to be replaced with "the items of Article 87, paragraph (1) of the Investment Corporations Act," and any other necessary technical replacement of terms shall be specified by a Cabinet Order.

第八十八条投資法人が投資口の分割又は投資口の併合をすることにより投資口の口数に一口に満たない端数が生ずるときは、その端数の合計数（その合計数に一に満たない端数が生ずる場合にあつては、これを切り捨てるものとする。）に相当する口数の投資口を、公正な金額による売却を実現するために適当な方法として内閣府令で定めるものにより売却し、かつ、その端数に応じてその売却により得られた代金を投資主に交付しなければならない。

Article 88(1)When an Investment Corporation produces any fraction which is less than one unit of Investment Equity in the number of units of Investment Equity by splitting or consolidating Investment Equity, the Investment Corporation shall sell the number of units of Investment Equity equivalent to the total sum of those fractions by the method specified by a Cabinet Office Ordinance as appropriate for realizing the sale of Investment Equity at a fair price, and shall deliver the proceeds of that sale to the Investors in proportion to the fractions attributed thereto.

２前項の規定にかかわらず、第八十六条第一項に規定する投資法人は、投資口の分割又は投資口の併合をすることにより生ずる投資口の口数の一口に満たない端数の部分について、当該投資法人の純資産の額に照らして公正な金額をもつて、払戻しをすることができる。

(2)Notwithstanding the provisions of the preceding paragraph, an Investment Corporation as prescribed in Article 86, paragraph (1) may, with regard to a fraction of less than one unit of Investment Equity produced upon a split or consolidation of the Investment Equity, refund it in a fair amount in light of the amount of net assets of said Investment Corporation.

３前項の場合には、内閣府令で定めるところにより、出資総額及び第百三十五条の出資剰余金の額（以下「出資総額等」という。）から出資総額等のうち払戻しをした投資口に相当する額を控除しなければならない。

(3)In the case referred to in the preceding paragraph, the amount equivalent to the refunded Investment Equity shall be deducted from the total amount of investment and investment surplus as provided for in Article 135 (hereinafter collectively referred to as the "Total Amount of Investment, etc.").

第百十七条投資法人は、その資産の運用及び保管に係る業務以外の業務に係る事務であつて次に掲げるものについて、内閣府令で定めるところにより、他の者に委託して行わせなければならない。

Article 117An Investment Corporation shall entrust the affairs related to its business other than those pertaining to asset investments and the custody of assets listed in the following items to other persons as provided in a Cabinet Office Ordinance:

第百十八条投資法人から前条各号に掲げる事務の委託を受けた一般事務受託者は、当該投資法人のため忠実にその事務を行わなければならない。

Article 118(1)Any Administrative Agent who has been entrusted with the business affairs listed the items of the preceding Article by an Investment Corporation shall carry out those business affairs with due loyalty to said Investment Corporation.

２投資法人から前条各号に掲げる事務の委託を受けた一般事務受託者は、当該投資法人に対し、善良な管理者の注意をもつてその事務を行わなければならない。

(2)Any Administrative Agent who has been entrusted with the business affairs listed in the items of the preceding Article by an Investment Corporation shall carry out those business affairs with due care of a prudent manager of said Investment Corporation.

第百十九条一般事務受託者は、その任務を怠つたときは、投資法人に対し、連帯して、これによつて生じた損害を賠償する責任を負う。

Article 119(1)When an Administrative Agent neglects his/her duties, he/she shall be liable to the Investment Corporation for the damages arising as a result thereof.

２一般事務受託者が投資法人に生じた損害を賠償する責任を負う場合において、執行役員、監督役員、清算執行人、清算監督人又は会計監査人も当該損害を賠償する責任を負うときは、その一般事務受託者、執行役員、監督役員、清算執行人、清算監督人及び会計監査人は、連帯債務者とする。

(2)In cases where a Administrative Agent is liable for damages which have arisen in an Investment Corporation, if a corporate officer(s), supervisory officers, executive liquidator(s), liquidation supervisors or accounting auditor(s) is also liable for such damages, such Administrative Agent, corporate officer(s), supervisory officers, executive liquidator(s), liquidation supervisors, and accounting auditor(s) shall be joint and several obligors.

３第百十五条の六第二項の規定は第一項の責任について、会社法第七編第二章第二節（第八百四十七条第二項、第八百四十九条第二項第二号及び第五項並びに第八百五十一条第一項第一号及び第二項を除く。）の規定は一般事務受託者の責任を追及する訴えについて、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。

(3)Article 115-6, paragraph (2) of this Act shall apply mutatis mutandis to the liability prescribed in paragraph (1) and the provisions of Part VII, Chapter II, Section 2 (excluding Article 847, paragraph (2), Article 849, paragraph (2), item (ii) and paragraph (5), and Article 851, paragraph (1), item (i) and paragraph (2)) of the Companies Act shall apply mutatis mutandis to an action pursuing the liability of an Administrative Agent.In this case, any necessary technical replacement of terms shall be specified by a Cabinet Order.

第百二十条削除

Article 120Deleted

第百二十一条削除

Article 121Deleted

第百二十二条削除

Article 122Deleted

第百二十三条削除

Article 123Deleted

第百二十四条第八十六条第一項に規定する投資法人は、次に掲げる場合を除き、投資主の請求により投資口の払戻しをしなければならない。

Article 124(1)The Investment Corporation prescribed in Article 86, paragraph (1) shall, except in the following cases, refund the Investment Equity upon the request of an Investor:

２前項の請求は、次に掲げる事項を明らかにしてしなければならない。

(2)The request prescribed in the preceding paragraph shall disclose the following matters:

３第一項の請求をする投資主は、投資証券を投資法人に提出しなければならない。ただし、当該投資証券が発行されていないときは、この限りでない。

(3)The Investor who makes the request prescribed in paragraph (1) shall submit the Investment Securities to the Investment Corporation; provided, however, that this shall not apply to cases where such Investment Securities are not issued.

第百二十五条投資法人が投資口の払戻しをするときは、当該投資法人の保有する資産の内容に照らし公正な金額によらなければならない。

Article 125(1)An Investment Corporation shall refund the Investment Equity at a fair amount in light of the content of the assets held by the Investment Corporation.

２投資口の払戻しは、払戻金額の支払の時に、その効力を生ずる。

(2)The refund of Investment Equity shall become effective when the amount to be refunded is paid.

３投資法人は、投資口の払戻しをしたときは、内閣府令で定めるところにより、投資主名簿に払戻しの記載をし、かつ、出資総額等から出資総額等のうち払戻しをした投資口に相当する額を控除しなければならない。

(3)When an Investment Corporation has refunded the Investment Equity, it shall state the fact of the refund in the Investors registry and deduct an amount equivalent to the refunded Investment Equity from the Total Amount of Investment, etc., as provided by a Cabinet Office Ordinance.

第百二十六条投資法人は、内閣府令で定めるところにより、その投資口の払戻金額をあらかじめ公示することができる。この場合においては、当該公示した金額をもつて投資口の払戻しをしなければならない。

Article 126An Investment Corporation may, pursuant to the provisions of a Cabinet Office Ordinance, give public notice of the amount to be refunded for the Investment Equity in advance.In this case, the Investment Corporation shall make a refund on the Investment Equity in the amount stated in the public notice.

第百二十六条の二第百二十四条第一項第三号に掲げる場合において、投資法人が投資口の払戻しをしたときは、当該払戻しにより金銭の交付を受けた者及び当該払戻しに関する職務を行つた業務執行者（執行役員その他当該執行役員の行う業務の執行に職務上関与した者として内閣府令で定めるものをいう。以下この条及び次条第一項において同じ。）は、当該投資法人に対し、連帯して、当該金銭の交付を受けた者が交付を受けた金銭の額に相当する金銭を支払う義務を負う。

Article 126-2(1)When an Investment Corporation has refunded Investment Equity in the case referred to in Article 124, paragraph (1), item (iii), the person who has received monies in said refund or the Executing Person (meaning a corporate officer and other persons specified by a Cabinet Office Ordinance as having been involved in the execution of the operations conducted by the corporate officer in the performance of their duties; hereinafter the same shall apply in this Article and paragraph (1) of the following Article) who carried out the duties related to said refund shall be jointly and severally liable to pay said Investment Corporation the amount of monies equivalent to the amount received by the person who has received the refund.

２前項の規定にかかわらず、業務執行者は、その職務を行うについて注意を怠らなかつたことを証明したときは、同項の義務を負わない。

(2)Notwithstanding the provisions of the preceding paragraph, the Executing Person shall not be liable under that paragraph when he/she has proved that he/she did not fail to exercise due care in the course of his/her duties.

３第一項の規定により業務執行者の負う義務は、総投資主の同意がなければ、免除することができない。

(3)No exemption from the obligation assumed by the Executing Person pursuant to paragraph (1) shall be granted without the consent of all Investors.

第百二十六条の三前条第一項に規定する場合において、当該場合に該当することにつき善意の投資主は、当該投資主が交付を受けた金銭について、同項の金銭を支払つた業務執行者からの求償の請求に応ずる義務を負わない。

Article 126-3(1)In the case referred to in paragraph (1) of the preceding Article, Investors who are without knowledge of falling under said case shall, with regard to the monies received thereby, not be obliged to respond to a request for remedy that the Executing Person who paid such monies under that paragraph makes against such Investors.

２前条第一項に規定する場合には、投資法人の債権者は、同項の規定により義務を負う投資主に対し、その交付を受けた金銭の額に相当する金銭を投資法人に支払わせることができる。

(2)In the case referred to in paragraph (1) of the preceding Article, the creditors of an Investment Corporation may have Investors who are liable under that paragraph pay the amount of monies equivalent to the monies received thereby to the Investment Corporation.

３前項の規定により同項の金銭を投資法人に支払つた者については、投資口の払戻しを受けた時点にさかのぼつてなお投資主であるものとみなす。

(3)Any person who has paid the monies set forth in the preceding paragraph to the Investment Corporation pursuant to that paragraph shall be deemed still to be an Investor retroactively as of the time when he/she has received the refund on Investment Equity.

第百二十七条不公正な金額で投資口の払戻しを受けた者のうち悪意のものは、投資法人に対して公正な金額との差額に相当する金銭を支払う義務を負う。

Article 127(1)Any person who has knowingly received a refund on Investment Equity at an unfair price shall have an obligation to pay the amount of monies equivalent to the difference between the fair price and the unfair price to the Investment Corporation.

２会社法第七編第二章第二節（第八百四十七条第二項、第八百四十九条第二項第二号及び第五項並びに第八百五十一条第一項第一号及び第二項を除く。）の規定は、前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、必要な技術的読替えは、政令で定める。

(2)The provisions of Part VII, Chapter II, Section 2 (excluding Article 847, paragraph (2), Article 849, paragraph (2), item (ii) and paragraph (5), and Article 851, paragraph (1), item (i) and paragraph (2)) of the Companies Act shall apply mutatis mutandis to an action seeking payment under the preceding paragraph.In this case, any necessary technical replacement of terms shall be specified by a Cabinet Order.

第百三十九条の二投資主の請求により投資口の払戻しをしない旨の規約の定めがある投資法人は、規約で定めた額を限度として、投資法人債を発行することができる。

Article 139-2(1)Any Investment Corporation that in its certificate of incorporation provides to the effect that its Investment Equity shall not be refunded upon the request of the Investors may issue Investment Corporation Bonds, within the extent of the amount provided in its certificate of incorporation.

２投資法人は、他の投資法人と合同して投資法人債を発行することができない。

(2)No Investment Corporation shall jointly issue Investment Corporation Bonds with other Investment Corporations.

第百三十九条の三投資法人は、その発行する投資法人債を引き受ける者の募集をしようとするときは、その都度、募集投資法人債（当該募集に応じて当該投資法人債の引受けの申込みをした者に対して割り当てる投資法人債をいう。以下この節において同じ。）について次に掲げる事項を定めなければならない。

Article 139-3(1)When an Investment Corporation intends to solicit persons to subscribe for the Investment Corporation Bonds it issues, it shall, on each occasion, provide the following matters with regard to the Investment Corporation Bonds for Subscription (meaning Investment Corporation Bonds allotted to persons who have applied to subscribe for the Investment Corporation Bonds in response to the solicitation; hereinafter the same shall apply in this Section):

２前項第一号に掲げる事項その他の投資法人債を引き受ける者の募集に関する重要な事項として内閣府令で定める事項の決定は、役員会の決議によらなければならない。

(2)The decision on matters listed in item (i) of the preceding paragraph and other matters specified by a Cabinet Office Ordinance as being important with regard to the solicitation of persons to subscribe for Investment Corporation Bonds shall be made by a resolution of the board of officers.

３投資法人は、第一項第十号に規定する者がある場合を除き、同項第九号の期限までに募集投資法人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、募集投資法人債の全部を発行してはならない。

(3)If an Investment Corporation has not arranged for persons, except in cases where there are any persons provided in item (x) of paragraph (1), to receive allotments of the total amount of Investment Corporation Bonds for Subscription by the time limit under item (ix) of that paragraph, it shall not issue all of its Investment Corporation Bonds for Subscription.

第百三十九条の四投資法人は、前条第一項の募集に応じて募集投資法人債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。

Article 139-4(1)An Investment Corporation shall notify the person who intends to apply to subscribe for an Investment Corporation Bond for Subscription of the following matters in response to the solicitation under paragraph (1) of the preceding Article:

２前条第一項の募集に応じて募集投資法人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投資法人に交付しなければならない。

(2)Any person who applies to subscribe for Investment Corporation Bonds for Subscription in response to solicitation under paragraph (1) of the preceding Article shall deliver documents stating the following matters to the Investment Corporation:

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、投資法人の承諾を得て、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。

(3)Any person who files an application under the preceding paragraph may, in lieu of delivering the documents as prescribed in that paragraph, provide the matters to be stated in the documents set forth in that paragraph by Electromagnetic Means with the consent of the Investment Corporation pursuant to the provisions of a Cabinet Order.In this case, the person who has filed such an application shall be deemed to have delivered the documents under that paragraph.

４第一項の規定は、投資法人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投資法人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。

(4)The provisions of paragraph (1) shall not apply to cases where an Investment Corporation has delivered the Prospectus prescribed in Article 2, paragraph (10) of the Financial Instruments and Exchange Act, which states the matters listed in the items of paragraph (1), to the person who intends to file an application under paragraph (1) nor shall they apply to other cases specified by a Cabinet Office Ordinance as those in which it is unlikely that the protection of the person who intends to apply to subscribe for Investment Corporation Bonds for Subscription will be compromised.

５投資法人は、第一項各号に掲げる事項について変更があつたときは、直ちに、その旨及び当該変更があつた事項を第二項の申込みをした者（次項及び次条において「申込者」という。）に通知しなければならない。

(5)When there are any changes to the matters listed in the items of paragraph (1), the Investment Corporation shall immediately notify the person who filed the application under paragraph (2) (such person shall be referred to as the "Applicant" in the following paragraph and the following Article) to that effect and of the changed matters.

６投資法人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投資法人に通知した場合にあつては、その場所又は連絡先）にあてて発すれば足りる。

(6)It shall be sufficient if a notice or demand made to the Applicant by the Investment Corporation is sent to an address as set forth in item (ii) of paragraph (2) (in cases where the Applicant has notified the Investment Corporation of another place or contact address to receive a notice or demand, such place or contact address).

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つた時に、到達したものとみなす。

(7)The notice or demand referred to in the preceding paragraph shall be deemed to have arrived at the time when the notice or demand should have normally arrived.

第百三十九条の五投資法人は、申込者の中から募集投資法人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投資法人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、投資法人は、当該申込者に割り当てる募集投資法人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。

Article 139-5(1)An Investment Corporation shall specify the persons to whom the Investment Corporation Bonds for Subscription are to be allotted from among the Applicants as well as the amount and the number for each amount of Investment Corporation Bonds for Subscription to be allotted to such persons.In this case, the Investment Corporation may reduce the number for each amount of Investment Corporation Bonds for Subscription to be allotted to the relevant Applicant to fewer than the number referred to in paragraph (2), item (ii) of the preceding Article.

２投資法人は、第百三十九条の三第一項第十二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投資法人債の金額及び金額ごとの数を通知しなければならない。

(2)An Investment Corporation shall notify Applicants of the amount of Investment Corporation Bonds for Subscription and the number for each amount of Investment Corporation Bonds for Subscription to be allotted to said Applicants by the day before the due date prescribed in Article 139-3, paragraph (1), item (xii).

第百三十九条の六前二条の規定は、募集投資法人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。

Article 139-6The provisions of the preceding two Articles shall not apply to cases where the person who intends to subscribe for Investment Corporation Bonds for Subscription enters into a contract for subscription for the whole amount of the Investment Corporation Bonds for Subscription.

第百三十九条の七会社法第六百八十条から第七百一条までの規定は、投資法人が投資法人債を発行する場合における投資法人債、投資法人債権者、投資法人債原簿又は投資法人債券について準用する。この場合において、同法第六百八十条第二号中「前条」とあるのは「投資法人法第百三十九条の六」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まで」とあるのは「投資法人法第百三十九条の三第一項第三号から第八号まで」と、同法第六百八十四条第一項中「その本店（社債原簿管理人がある場合にあっては、その営業所）」とあるのは「投資法人法第百六十六条第二項第八号に規定する投資主名簿等管理人の営業所」と、同条第四項及び第五項中「裁判所」とあるのは「内閣総理大臣」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「投資法人法第百三十九条の三第一項第七号」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。

Article 139-7The provisions of Article 680 through Article 701 of the Companies Act shall apply mutatis mutandis to Investment Corporation Bonds, Creditors of an Investment Corporation, Investment Corporation Bonds Registries, and Investment Corporation Bond Certificates where the Investment Corporation issues such Investment Corporation Bonds.In this case, the term "the preceding Article" in Article 680, item (ii) of that Act shall be deemed to be replaced with "Article 139-6 of the Investment Corporations Act," the phrase "items (iii) through (viii) of Article 676" in Article 681, item (i) of the Companies Act shall be deemed to be replaced with "Article 139-3, paragraph (1), item (iii) through item (viii) of the Investment Corporations Act," the phrase "its head office (or, in case a manager of Bond Registry is appointed, its business office)" in Article 684, paragraph (1) of the Companies Act shall be deemed to be replaced with "the business office of an Administrator of the Investors' Registry, etc. as set forth in Article 166, paragraph (2), item (viii) of the Investment Corporations Act," the term "the court" in Article 684, paragraph (4) and paragraph (5) of the Companies Act shall be deemed to be replaced with "the Prime Minister," the term "item (vii) of Article 676" in Article 698 of the Companies Act shall be deemed to be replaced with "Article 139-3, paragraph (1), item (vii) of the Investment Corporations Act," and any other necessary technical replacement of terms shall be specified by a Cabinet Office Ordinance.

第百三十九条の八投資法人は、投資法人債を発行する場合には、投資法人債管理者を定め、投資法人債権者のために、弁済の受領、債権の保全その他の投資法人債の管理を行うことを委託しなければならない。ただし、各投資法人債の金額が一億円以上である場合その他投資法人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。

Article 139-8In cases where an Investment Corporation issues Investment Corporation Bonds, it shall specify the manager of the Investment Corporation Bonds and entrust him/her with the receipt of payments, the preservation of claims on behalf of the Creditors of an Investment Corporation, and other administration of the Investment Corporation Bonds; provided, however, that this shall not apply to cases where the amount for each of the Investment Corporation Bonds is at least 100 million yen and to other cases specified by a Cabinet Office Ordinance as those in which it is unlikely that the protection of the Creditors of an Investment Corporations will be compromised.

第百三十九条の九投資法人債管理者は、投資法人債権者のために投資法人債に係る債権の弁済を受け、又は投資法人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。

Article 139-9(1)A manager of Investment Corporation Bonds shall have the authority to conduct any and all judicial and extra-judicial acts on behalf of the Creditors of an Investment Corporation that are necessary in order to receive the payment of claims related to Investment Corporation Bonds and to preserve the realization of claims related to Investment Corporation Bonds.

２投資法人債管理者が前項の弁済を受けた場合には、投資法人債権者は、その投資法人債管理者に対し、投資法人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、投資法人債券を発行する旨の定めがあるときは、投資法人債権者は、投資法人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。

(2)When the manager of Investment Corporation Bonds has received payment referred to in the preceding paragraph, the Creditors of an Investment Corporation may claim payment of the redemption amount for the Investment Corporation Bonds and the interest thereof from the manager of the Investment Corporation Bonds.In this case, if there are any provisions to the effect that Investment Corporation Bond Certificates shall be issued, the Creditors of an Investment Corporation shall claim the payment of said redemption amount in exchange for the Investment Corporation Bond Certificates, and the payment of said interest in exchange for coupons.

３前項前段の規定による請求権は、十年間行使しないときは、時効によつて消滅する。

(3)When a claim under the first sentence of the preceding paragraph has not been exercised for ten years, shall be extinguished by prescription.

４投資法人債管理者は、投資法人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、第百三十九条の三第一項第八号に掲げる事項についての定めがあるときは、この限りでない。

(4)A manager of Investment Corporation Bonds shall not conduct the following acts without a resolution made at an Investment Corporation Creditors' meeting; provided, however, that this shall not apply with regard to the acts listed in item (ii), if there are any provisions on the matters listed in Article 139-3, paragraph (1), item (viii):

５投資法人債管理者は、前項ただし書の規定により投資法人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、知れている投資法人債権者には、各別にこれを通知しなければならない。

(5)When a manager of the Investment Corporation Bonds has conducted the acts listed in item (ii) of the preceding paragraph in absence of a resolution at an Investment Corporation Creditors' meeting pursuant to the proviso to that paragraph, it shall give public notice to that effect and a separate notice to each of the known Creditors of the Investment Corporations without delay.

６前項の規定による公告は、投資法人債を発行した投資法人（次項において「投資法人債発行法人」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（第百八十六条の二第一項第三号に掲げる電子公告をいう。第十三節において同じ。）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。

(6)The public notice referred to in the preceding paragraph shall be given by the method of giving public notice used by the Investment Corporation that issued the Investment Corporation Bonds (such Investment Corporation shall be referred to as the "Corporation Issuing the Investment Corporation Bonds" in the following paragraph); provided, however, that if such method is by Electronic Public Notice (meaning the electronic public notice set forth in Article 186-2, paragraph (1), item (iii); the same shall apply in Section 13), such public notice shall be effected by publication in the official gazette.

７投資法人債管理者は、その管理の委託を受けた投資法人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、投資法人債発行法人並びにその一般事務受託者、資産運用会社及び資産保管会社に対して投資法人債発行法人の業務及び財産の状況を調査することができる。

(7)When it is necessary in order for the manager of Investment Corporation Bonds to carry out the acts listed in paragraph (1) or those listed in the items of paragraph (4) with regard to the Investment Corporation Bonds that the manager of the Investment Corporation Bonds has been entrusted to administer, he/she may conduct an investigation on the status of the business and property of the Corporation Issuing the Investment Corporation Bonds with regard to the Corporation Issuing the Investment Corporation Bonds, its Administrative Agent, the Asset Management Company, or the Asset Custody Company.

８会社法第七百三条、第七百四条、第七百七条から第七百十四条まで、第八百六十八条第三項、第八百六十九条、第八百七十条（第三号に係る部分に限る。）、第八百七十一条、第八百七十二条（第四号に係る部分に限る。）、第八百七十四条（第一号及び第四号に係る部分に限る。）、第八百七十五条及び第八百七十六条の規定は、投資法人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」及び「社債権者集会」とあるのはそれぞれ「投資法人債」、「投資法人債権者」及び「投資法人債権者集会」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「投資法人法第百三十九条の九第一項」と、同法第七百十条第一項中「この法律」とあるのは「投資法人法」と、同法第七百十一条第二項中「第七百二条」とあるのは「投資法人法第百三十九条の八」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。

(8)The provisions of Article 703, Article 704, Article 707 through Article 714, Article 868, paragraph (3), Article 869, Article 870 (limited to the part pertaining to item (iii)), Article 871, Article 872 (limited to the part pertaining to item (iv)), Article 874 (limited to the part pertaining to item (i) and item (iv)), Article 875 and Article 876 of the Companies Act shall apply mutatis mutandis to the manager of Investment Corporation Bonds.In this case, the terms "bond," "bondholders," and "bondholders' meeting" in said provisions shall be deemed to be replaced with "Investment Corporation Bonds", "Creditors of an Investment Corporation," and "Investment Corporation Creditors' meeting" respectively, the term "paragraph (1) of Article 705" in Article 709, paragraph (2) of that Act shall be deemed to be replaced with "Article 139-9, paragraph (1) of the Investment Corporations Act," the phrase "this Act" in Article 710, paragraph (1) of the Companies Act shall be deemed to be replaced with "the Investment Corporations Act," the term "Article 702" in Article 711, paragraph (2) of the Companies Act shall be deemed to be replaced with "Article 139-8 of the Investment Corporations Act" and any other necessary technical replacement of terms shall be specified by a Cabinet Order.

第百三十九条の十投資法人債権者は、投資法人債の種類（第百三十九条の七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。）ごとに投資法人債権者集会を組織する。

Article 139-10(1)The Creditors of an Investment Corporation shall organize Investment Corporation Creditors' meetings for each Class (meaning classes as prescribed in Article 681, item (i) of the Companies Act as applied mutatis mutandis pursuant to Article 139-7) of Investment Corporation Bonds.

２会社法第七百十六条から第七百四十二条まで、第七編第二章第七節、第八百六十八条第三項、第八百六十九条、第八百七十条（第十号から第十二号までに係る部分に限る。）、第八百七十一条、第八百七十二条（第四号に係る部分に限る。）、第八百七十三条、第八百七十四条（第四号に係る部分に限る。）、第八百七十五条及び第八百七十六条の規定は、投資法人が投資法人債を発行する場合における投資法人債、投資法人債権者、投資法人債券、投資法人債管理者又は投資法人債権者集会について準用する。この場合において、同法第七百十六条中「この法律」とあるのは「投資法人法」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「投資法人法第百三十九条の九第四項各号」と、同項第二号中「第七百六条第一項、」とあるのは「投資法人法第百三十九条の九第四項の規定並びに」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「投資法人法第百三十九条の三第一項」と、同法第七百三十七条第二項及び第七百四十一条第三項中「第七百五条第一項」とあるのは「投資法人法第百三十九条の九第一項」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。）又は第八百十条（第八百十三条第二項」とあるのは「投資法人法第百四十二条第一項から第五項まで又は第百四十九条の四（投資法人法第百四十九条の九又は第百四十九条の十四」と、同条第二項中「第七百二条」とあるのは「投資法人法第百三十九条の八」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。）及び第八百十条第二項（第八百十三条第二項」とあるのは「投資法人法第百四十二条第二項及び第百四十九条の四第二項（投資法人法第百四十九条の九及び第百四十九条の十四」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及び第七百九十九条第二項」とあるのは「投資法人法第百四十二条第二項及び第百四十九条の四第二項」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。

(2)The provisions of Article 716 through Article 742, the provisions of Part VII, Chapter II, Section 7, Article 868, paragraph (3), Article 869, Article 870 (limited to the part pertaining to item (x) through item (xii)), Article 871, Article 872 (limited to the part pertaining to item (iv)), Article 873, Article 874 (limited to the part pertaining to item (iv)), Article 875, and Article 876 of the Companies Act shall apply mutatis mutandis to the Investment Corporation Bonds, Creditors of an Investment Corporation, Investment Corporation Bond Certificates, the manager of Investment Corporation Bonds, and Investment Corporation Creditors' meetings when the Investment Corporation issues Investment Corporation Bonds.In this case, the phrase "this Act" in Article 716 of that Act shall be deemed to be replaced with "the Investment Corporations Act," the phrase "each item of Article 706(1)" in Article 724, paragraph (2), item (i) of the Companies Act shall be deemed to be replaced with "the items of Article 139-9, paragraph (4) of the Investment Corporations Act," the term "Article 676" in Article 733, item (i) of the Companies Act shall be deemed to be replaced with "Article 139-3, paragraph (1) of the Investment Corporations Act," the phrase "paragraphs (1) through (3) of Article 705" in Article 737, paragraph (2) of the Companies Act shall be deemed to be replaced with "Article 139-9, paragraph (1) through paragraph (3) of the Investment Corporations Act," the term "paragraph (1) of Article 705" in Article 741, paragraph (3) of the Companies Act shall be deemed to be replaced with "Article 139-9, paragraph (1) of the Investment Corporations Act," the phrase "Article 449, Article 627, Article 635, Article 670, Article 779 (including cases where applied mutatis mutandis under paragraph (2) of Article 781), Article 789 (including cases where applied mutatis mutandis under paragraph (2) of Article 793), Article 799 (including cases where applied mutatis mutandis under paragraph (2) of Article 802) or Article 810 (including cases where applied mutatis mutandis in paragraph (2) of Article 813)" in Article 740, paragraph (1) of the Companies Act shall be deemed to be replaced with "paragraph (1) through paragraph (5) of Article 142 or Article 149-4 (including cases where applied mutatis mutandis pursuant to Article 149-9 or Article 149-14) of the Investment Corporations Act," the term "Article 702" in Article 740, paragraph (2) of the Companies Act shall be deemed to be replaced with "Article 139-8 of the Investment Corporations Act," the phrases "paragraph (2) of Article 449, paragraph (2) of Article 627, (hereinafter in this paragraph including cases where applied mutatis mutandis under paragraph (2) of Article 781), paragraph (2) of Article 789, (hereinafter in this paragraph including cases where applied mutatis mutandis under paragraph (2) of Article 793), paragraph (2) of Article 799, (hereinafter in this paragraph including cases where applied mutatis mutandis under paragraph (2) of Article 802), paragraph (2) of Article 810, (hereinafter in this paragraph including cases where applied mutatis mutandis under paragraph (2) of Article 813)" and "paragraph (2) of Article 449, paragraph (2) of Article 627, paragraph (2) of Article 635, paragraph (2) of Article 670, paragraph (2) of Article 779 and paragraph (2) of Article 799" in Article 740, paragraph (3) of the Companies Act shall be deemed to be replaced with "Article 142, paragraph (2) and Article 149-4, paragraph (2) (including the cases where it is applied mutatis mutandis pursuant to Article 149-9 and Article 149-14 of the Investment Corporations Act; hereinafter the same shall apply in this paragraph) of the Investment Corporations Act" and "Article 142, paragraph (2) and Article 149-4, paragraph (2) of the Investment Corporations Act" respectively, and any other necessary technical replacement of terms shall be specified by a Cabinet Order.

第百三十九条の十一投資法人債は、担保付社債信託法（明治三十八年法律第五十二号）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。

Article 139-11With regard to the application of the Secured Bonds Trust Act (Act No. 52 of 1905) and other laws and regulations specified by a Cabinet Order, Investment Corporation Bonds shall be deemed to be corporate bonds pursuant to the provisions of a Cabinet Order.

第百三十九条の十二第百三十九条の七において準用する会社法第六百八十一条の規定にかかわらず、次に掲げる要件のいずれにも該当する投資法人債（次項及び次条において「短期投資法人債」という。）については、これを発行した投資法人は、投資法人債原簿を作成することを要しない。

Article 139-12(1)Notwithstanding the provisions of Article 681 of the Companies Act as applied mutatis mutandis pursuant to Article 139-7, with regard to Investment Corporation Bonds which fall under all of the following requirements (such Investment Corporation Bonds shall be referred to as "Short-Term Investment Corporation Bonds" in the following paragraph and following Article), the Investment Corporation which issued such Investment Corporation Bonds need not prepare an Investment Corporation Bonds registry:

２短期投資法人債については、第百三十九条の八から第百三十九条の十までの規定は、適用しない。

(2)The provisions of Article 139-8 through Article 139-10 shall not apply to Short-Term Investment Corporation Bonds.

第百三十九条の十三投資法人は、短期投資法人債については、次に掲げる場合を除き、これを発行することができない。

Article 139-13Except in the following cases, an Investment Corporation may not issue the Short-Term Investment Corporation Bonds:

第百四十条投資法人は、その成立後、投資主総会の決議によつて、規約を変更することができる。

Article 140An Investment Corporation may change its certificate of incorporation by resolution at an Investors' meeting after its establishment.

第百四十一条規約を変更して投資口の払戻しの請求に応じないこととする場合には、前条の投資主総会に先立つて当該規約の変更に反対する旨を投資法人に対し通知し、かつ、当該投資主総会において当該規約の変更に反対した投資主は、投資法人に対し、自己の有する投資口を公正な価格で買い取ることを請求することができる。

Article 141(1)In cases where an Investment Corporation has changed its certificate of incorporation and refused to refund Investment Equity, an Investor who has notified the Investment Corporation of his/her dissent from the changes to the certificate of incorporation prior to the Investors' meeting under the preceding Article and who has dissented from said changes to the certificate of incorporation at said Investors' meeting is entitled to demand that the Investment Corporation purchase his/her Investment Equity at a fair price.

２前条の規定による規約の変更のうち、投資口の払戻しの請求に応じることとする規約の変更は、投資法人債の残高が存しない場合に限り、することができる。

(2)With regard to changes to the certificate of incorporation as referred to in the preceding Article, changes to the certificate of incorporation to refund the Investment Equity upon the request of Investors may be effective only in cases where none of its Investment Corporation Bonds is remaining.

３会社法第百十六条第五項から第七項まで、第百十七条、第八百六十八条第一項、第八百七十条（第四号に係る部分に限る。）、第八百七十一条本文、第八百七十二条（第四号に係る部分に限る。）、第八百七十三条本文、第八百七十五条及び第八百七十六条の規定は、第一項の規定による請求について準用する。この場合において、必要な技術的読替えは、政令で定める。

(3)The provisions of Article 116, paragraph (5) through paragraph (7), Article 117, Article 868, paragraph (1), Article 870 (limited to the part pertaining to item (iv)), the main clause of Article 871, Article 872 (limited to the part pertaining to item (iv)), the main clause of Article 873, Article 875, and Article 876 of the Companies Act shall apply mutatis mutandis to the request under paragraph (1).In this case, any necessary technical replacement of terms shall be specified by a Cabinet Order.

第百四十二条規約を変更して最低純資産額を減少させることとする場合には、投資法人の債権者は、当該投資法人に対し、当該規約の変更について異議を述べることができる。

Article 142(1)When the certificate of incorporation is to be changed to reduce the Minimum Net Assets, the creditors of an Investment Corporation may state their objections to changing the certificate of incorporation to said Investment Corporation.

２前項の場合には、当該投資法人は、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、第二号の期間は、一月を下ることができない。

(2)In the case referred to in the preceding paragraph, the Investment Corporation shall give public notice in an official gazette and shall issue a separate notice to each of its known creditors of the following matters; provided, however, that the period set forth in item (ii) may not be shorter than one month:

３前項の規定にかかわらず、第一項の投資法人が前項の規定による公告を、官報のほか、第百八十六条の二第一項の規定による規約の定めに従い、同項第二号又は第三号に掲げる公告方法によりするときは、前項の規定による各別の催告は、することを要しない。

(3)Notwithstanding the provisions of the preceding paragraph, if the Investment Corporation prescribed in paragraph (1) gives public notice under the preceding paragraph by the method of public notice set forth in item (ii) or item (iii) of Article 186-2, paragraph (1) in accordance with the provisions of the certificate of incorporation under Article 186-2, paragraph (1) in addition to the official gazette, the Investment Corporation is not required to give the separate notice under the preceding paragraph.

４債権者が第二項第二号の期間内に異議を述べなかつたときは、当該債権者は、当該最低純資産額の減少について承認をしたものとみなす。

(4)In cases where a creditor has not stated his/her objection within the period prescribed in item (ii) of paragraph (2), said creditor shall be deemed to have approved of said reduction to the Minimum Net Assets.

５債権者が第二項第二号の期間内に異議を述べたときは、第一項の投資法人は、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、当該最低純資産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。

(5)In cases where a creditor states his/her objection within the period provided in paragraph (2), item (ii), an Investment Corporation prescribed in paragraph (1) shall make the payment or provide reasonable security to said creditor or entrust equivalent property to a Trust Company, etc. for the purpose of having such a creditor receive the payment; provided, however, that this shall not apply to cases where the reduction of Minimum Net Assets is unlikely to harm the creditor.

６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。）、第八百三十四条（第五号に係る部分に限る。）、第八百三十五条第一項、第八百三十六条から第八百三十九条まで、第八百四十六条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。）の規定は、最低純資産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、必要な技術的読替えは、政令で定める。

(6)The provisions of Article 828 paragraph (1) (limited to the part pertaining to item (v)) and paragraph (2) (limited to the part pertaining to item (v)), Article 834 (limited to the part pertaining to item (v)), Article 835, paragraph (1), Article 836 through Article 839, Article 846, and Article 937, paragraph (1) (limited to the part pertaining to sub-item (d) of item (i)) of the Companies Act shall apply mutatis mutandis to an action seeking invalidation of the reduction to the Minimum Net Assets.In this case, any necessary technical replacement of terms shall be specified by a Cabinet Order.

第百四十三条投資法人は、次に掲げる事由によつて解散する。

Article 143An Investment Corporation shall be dissolved on the following grounds:

第百四十三条の二投資法人が解散した場合には、当該投資法人は、合併をすることができない。

Article 143-2In cases where an Investment Corporation has been dissolved, said Investment Corporation may not implement a merger.

第百四十三条の三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、発行済投資口の十分の一（これを下回る割合を規約で定めた場合にあつては、その割合）以上の口数の投資口を有する投資主は、訴えをもつて投資法人の解散を請求することができる。

Article 143-3(1)In any of the following cases, if there are any unavoidable circumstances, Investors who hold not less than one-tenth (in cases where a lower proportion is provided for in the certificate of incorporation, such proportion) of the units of the Issued Investment Equity may request the dissolution of an Investment Corporation by filing an action:

２会社法第八百三十四条（第二十号に係る部分に限る。）、第八百三十五条第一項、第八百三十六条第一項及び第三項、第八百三十七条、第八百三十八条、第八百四十六条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。）の規定は、投資法人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。

(2)The provisions of Article 834 (limited to the part pertaining to item (xx)), Article 835, paragraph (1), Article 836, paragraph (1) and paragraph (3), Article 837, Article 838, Article 846, and Article 937, paragraph (1) (limited to the part pertaining to sub-item (i) of item (i)) of the Companies Act shall apply mutatis mutandis to an action seeking the dissolution of an Investment Corporation.In this case, any necessary technical replacement of terms shall be specified by a Cabinet Order.

第百四十四条会社法第八百二十四条、第八百二十六条、第八百六十八条第一項、第八百七十条（第十三号に係る部分に限る。）、第八百七十一条本文、第八百七十二条（第四号に係る部分に限る。）、第八百七十三条本文、第八百七十五条、第八百七十六条、第九百四条及び第九百三十七条第一項（第三号ロに係る部分に限る。）の規定は投資法人の解散の命令について、同法第八百二十五条、第八百六十八条第一項、第八百七十条（第二号に係る部分に限る。）、第八百七十一条、第八百七十二条（第一号及び第四号に係る部分に限る。）、第八百七十三条、第八百七十四条（第二号及び第三号に係る部分に限る。）、第八百七十五条、第八百七十六条、第九百五条及び第九百六条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つた場合における投資法人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、同法第八百二十四条第一項、第八百二十五条第一項及び第三項、第八百二十六条、第九百四条並びに第九百六条第四項中「法務大臣」とあるのは「内閣総理大臣」と、同法第八百二十四条第一項第三号中「業務執行取締役、執行役又は業務を執行する社員」とあるのは「執行役員又は監督役員」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。

Article 144The provisions of Article 824, Article 826, Article 868, paragraph (1), Article 870 (limited to the part pertaining to item (xiii)), the main clause of Article 871, Article 872 (limited to the part pertaining to item (iv)), the main clause of Article 873, Article 875, Article 876, Article 904, and Article 937, paragraph (1) (limited to the part pertaining to sub-item (b) of item (iii)) of the Companies Act shall apply mutatis mutandis to an order of dissolution of an Investment Corporation and the provisions of Article 825, Article 868, paragraph (1), Article 870 (limited to the part pertaining to item (ii)), Article 871, Article 872 (limited to the part pertaining to item (i) and item (iv)), Article 873, Article 874 (limited to the part pertaining to item (ii) and item (iii)), Article 875, Article 876, Article 905, and Article 906 of that Act shall apply mutatis mutandis to the preservation of the property of an Investment Corporation where a petition has been filed under Article 824, paragraph (1) of that Act as applied mutatis mutandis pursuant to this Article.In this case, the term "the Minister of Justice" in Article 824, paragraph (1), Article 825, paragraph (1) and paragraph (3), Article 826, Article 904, and Article 906, paragraph (4) of that Act shall be deemed to be replaced with "the Prime Minister," the phrase "the executive director, an executive officer or a partner who executes the business" in Article 824, paragraph (1), item (iii) of that Act shall be deemed to be replaced with "the corporate officer(s) or supervisory officers," and any other necessary technical replacement of terms shall be specified by a Cabinet Order.