Article 92. Dismissal of Establishment Directors, etc. By Classes of Shares

1. Establishment directors appointed based on the provisions of Article 90. (The Appointment of Directors), Paragraph 1, during the period until the incorporation of the kabushiki kaisha can be dismissed based on the resolution of the general meeting of establishment of holders of classes of shares which is made up of establishment holders of classes of shares issued at the time of incorporation of the class related to the appointment.

2. Notwithstanding the provisions of the previous paragraph, in the situation where the articles of incorporation provide to the effect that directors appointed by the provisions of Article 41. (Special Methods of Appointment of Establishment Officers.), Paragraph 1, or at the general meeting of holders of classes of shares can be dismissed at the general shareholders meeting, establishment directors based on the provisions of Article 90, Paragraph 1, during the period up until incorporation, can be dismissed based on the resolution of general meeting of establishment.

3. The provisions of the previous two Articles, shall apply mutatis mutandis concerning establishment statutory auditors appointed based on the provisions of Article 90. (The Appointment of Directors), Paragraph 1, which apply mutatis mutandis in Article 90. (The Appointment of Directors), Paragraph 2.

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Disclaimer: This translation is for general reference purposes only and is provided on an “as is” basis with no warranties made whatsoever. Attorney Roderick H. Seeman (licensed in the USA) shall not be responsible for any consequences resulting from the use of this translation. Reliance must be placed on the original Japanese text of the laws. In the text of the translation article headings are added in parenthesis are not in the Japanese language original and are added only for the purposes of enhanced comprehension.

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