(1) A person who has subscribed to shares at a substantially unfair issuance price in collusion with directors shall be liable to pay to the company the amount equivalent to the difference between such issuance price and the fair issuance price.
(2) The provisions of Article 403 through 406 shall apply mutatis mutandis to a lawsuit seeking payment prescribed in paragraph (1).
(3) The provisions of paragraphs (1) and (2) shall not affect the directors' liability to compensate for damages incurred by the company or shareholders.[This Article Newly Inserted by Act No. 3724, Apr. 10, 1984]