Article 192 |
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Article 192-1 |
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Article 193 |
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Article 194 |
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Article 195 |
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Article 196 |
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Article 197 |
Each director shall, after having been elected, declare to the competent authority the number and amount of the shares of the company being held by him/her at the time when he/she is elected. In case a director of a company whose shares are issued to the public that has transferred, during the term of office as a director, more than one half of the company's shares being held by him/her at the time he/she is elected, he/she shall, ipso facto, be discharged from the office of director.
If the number of company's shares held by a director is increased or reduced during his/her term of office as a director, he/she shall declare such change to the competent authority and shall place a public notice of such fact.
After re-election of directors effected prior to the expiration date of the term of office of existing directors, if any new director elect has, before his/her inauguration of the office of director, assigned more than one half of the total number of shares of the company he/she holds at the time of his/her election as such; or had transferred more than one half of the total number of shares he/she held within the share transfer prohibition period fixed prior to the convention of a shareholders' meeting, then his/her election as a director shall become invalid. |
Article 197-1 |
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Article 198 |
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Article 199 |
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Article 199-1 |
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Article 200 |
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Article 201 |
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Article 202 |
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Article 203 |
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Article 204 |
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Article 205 |
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Article 206 |
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Article 207 |
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Article 208 |
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Article 208-1 |
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Article 209 |
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Article 210 |
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Article 211 |
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Article 212 |
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Article 213 |
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Article 214 |
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Article 215 |
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