(1) Any shareholder, director, auditor, member of the audit committee or liquidator of each company may claim invalidation of a share transfer only by a lawsuit within six months from the date of share transfer.
(2) A litigation under paragraph (1) shall be under the exclusive jurisdiction of the district court having jurisdiction over the location of head office of the company becoming a wholly owning parent company.
(3) When a judgment invalidating a share transfer becomes final and conclusive, the company becoming a wholly owning parent company shall transfer the shares of the company becoming a wholly owned subsidiary, which have been owned by it, to the shareholders of new shares issued for the share transfer.
(4) The provisions of Articles 187 through 193 and 377 shall apply mutatis mutandis to lawsuits under paragraph (1), and Articles 339 and 340 (3) to cases falling under paragraph (3), respectively.[This Article Newly Inserted by Act No. 6488, Jul. 24, 2001]