(1) A company to be divided, or merged after division shall prepare a division plan or an agreement for a merger after division, and obtain approval from a general meeting of shareholders.
(2) A resolution for approval under paragraph (1) shall be adopted in accordance with Article 434.
(3) With respect to a resolution under paragraph (2), a shareholder whose voting right is excluded pursuant to Article 344-3 (1) shall also have a voting right. <Amended by Act No. 10600, Apr. 14, 2011>
(4) A summary of a division plan or an agreement for a merger after division shall be included in a notice under Article 363. <Amended by Act No. 12591, May 20, 2014>
(5) Deleted. <by Act No. 10600, Apr. 14, 2011>
(6) Where the liability of shareholders of each constituent company in a division or a merger after division is to be increased due to such division or merger after division, such division or merger after division shall require the consent of all of such shareholders in addition to a resolution under paragraph (1) and Article 436. <Amended by Act No. 10600, Apr. 14, 2011>[This Article Newly Inserted by Act No. 5591, Dec. 28, 1998]