Citation Matching

Citation Reference: Article 14 (1)

Citation Guidance: With regard to granting of credit by a Bank to a director or executive officer of that Bank, the terms and conditions thereof shall not be those they give disadvantages to that Bank compared to the ordinary terms and conditions of granting of credit of that Bank. (2) With regard to the application of the provisions of Article 369(1) (Resolution of Board of Directors Meetings) of the Companies Act to approval by the board of directors under the provisions of Article 356(1) (Restrictions on Competition and Conflicting Interest Transactions) of that Act applied by the reading of terms pursuant to Article 365(1) (Restrictions on Competition and Transactions with Companies with Board of Directors) of that Act and under the provisions of Article 356(1) of that Act as applied mutates mutandis pursuant to Article 419(2) (Executive Officer's Duty to Report to Audit Committee Members) of that Act in the case of granting of credit by a Bank to a director or executive officer of that Bank, the phrase "The Majority (in cases where a higher proportion is provided for in the articles of incorporation, such proportion or more)" in that paragraph shall be deemed to be replaced with "The Majority of at Least Two-Thirds (in cases where a higher proportion is provided for in the articles of incorporation, such proportion)."