Right to request appraisal of shares

Japanese: 株式買取請求権 - かぶしきかいとりせいきゅうけん

In cases of mergers, business transfers, changes to the articles of incorporation restricting the transfer of shares, etc., shareholders who oppose such resolutions can demand that the company purchase their shares at the fair price before the resolution was made (Articles 116 and 469 of the Companies Act, etc.). This was recognized in the 1950 amendment to the Commercial Code to give minority shareholders a way to recover their investments.
→Related itemsShareholder rights

Source : Heibonsha Encyclopedia About MyPedia Information

Japanese:

株式会社の合併，事業の譲渡，株式譲渡制限の定款変更などの場合に，これらの決議に反対する株主がその株式をその決議がなされる前の公正な価格で買い取ることを会社に請求しうる権利（会社法116，469条など）。少数派株主に投資回収の方法を与えるために，1950年の商法改正で認められた。
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