(1) Shares may be retired only in accordance with the provisions on reduction of capital: Provided, That this shall not apply to the retirement of shares held by the company in accordance with a resolution of the board of directors.
(2) The provisions of Articles 440 and 441 shall apply mutatis mutandis to the retirement of shares in accordance with the provisions on reduction of capital.[This Article Wholly Amended by Act No. 10600, Apr. 14, 2011]