(1) Unless otherwise provided for in the articles of incorporation, a shareholder may notify the company of his/her intent not to have share certificates of his/her shares. <Amended by Act No. 12591, May 20, 2014>
(2) Upon receipt of the notification mentioned in paragraph (1), the company shall without delay enter in the register of shareholders and part of a set thereof its intent not to issue the share certificates and notify the shareholder accordingly. In such cases, the company may not issue the relevant share certificates.
(3) In cases falling under paragraph (1), any share certificates issued previously shall be submitted to the company and the company shall invalidate them or deposit them with a transfer agent.
(4) Notwithstanding the provisions of paragraphs (1) through (3), a shareholder may request at any time that the company issue or return the share certificates.[This Article Wholly Amended by Act No. 5053, Dec. 29, 1995]