The Grocery Distribution Kodan shall be a juridical person.

The Grocery Distribution Kodan may, with the approval of the competent Minister, establish branch offices in the localities necessary for the performance of business relative to distribution.

The government shall invest in full the capital referred to in the preceding paragraph.

Working capital of the Grocery Distribution Kodan shall be obtained by loan when necessary, from the Reconversion Finance Bank.

The Articles of Incorporation may be revised with the approval of the Director-General of the Economic Stabilization Board and the competent Minister.

The matters required to be registered as provided for in the preceding paragraph shall not be valid against a third person unless they are registered.

The prefecture, city, town, village and those corresponding to them shall not levy local taxes on the enterprise of the Grocery Distribution Kodan;provided, however, that this shall not apply to where the Ministers for Home Affairs and Finance have approved under special circumstances.

In addition to the matters referred to in the preceding paragraph, those necessary for dissolution of the Grocery Distribution Kodan shall be prescribed by a Cabinet Order.

The President shall represent the Grocery Distribution Kodan and supervise its business in accordance with the provisions of Article 15 of this Law.

The Vice-President shall as prescribed in the Article of Incorporation represent the Grocery Distribution Kodan, assist the President in conducting business, act for him in case he cannot take his duty, andd perform his function in case his post becomes vacant.

The Directors shall as prescribed in the Articles of Incorporation represent the Grocery Distribution Kodan, assist the President and Vice-President in controlling its affairs, act for them in case they cannot take their duties, and perform their functions in case their positions becomvacant.

The Auditors shall inspect the business of the Grocery Distribution Kodan.

The President shall be, or be rated as, of the same of rank as the Vice-Minister of Agriculture and Forestry, officers other than the President shall be, or be rated as, first class officials. Other employees shall be, or be rated as, first, second or third class officials. The competent Minister shall fix the number of the above staff.

The officers and employees of the Grocery Distribution Kodan shall be governed by all laws and ordinances relating to the Government officials and employees;provided, that it shall not apply in case where the Competent Minister makes special exception concerning the amount of salaries, service rules and any other necessary matters with an approval of the Director-General of the Economic Stabilization Board, exempted.

The designation referred to in Item 3 in the preceding paragraph shall be made with the approval of the competent Minister in accordance with the conditions set forth by the Director-General of the Economic Stabilization Board.

In giving the approval referred to in the preceding paragraph, the Director-General of the Economic Stabilization Board shall consult the competent Minister and the Minister of Finance. In this case the final responsibility for approval shall lay with the Director-General of the Economic Stabilization Board.

The Director-General of the Economic Stabilization Board shall consult with the competent Minister and the Minister of Finance, in case he makes an approval of the preceding paragraph. In this case the final responsibility for approval shall rest with the Director-General of the Economic Stabilization Board.

The Director-General of the Economic Stabilization Board shall consult with the competent Minister and the Minister of Finance, in case he makes an approval of the preceding paragraph. In this case, the final responsibility for approval shall rest with the Director-General of the Economic Stabilization Board.

The Grocery Distribution Kodan shall, when it has obtained the approval of the Director-General of the Economic Stabilization Board as provided for in Paragraph 1, make a public notice of the statement of assets, balance sheet, and statement of profit and loss and keep them together with the Articles of Incorporation in each office.

The statement of assets, balance sheet, and statement of profit and loss referred to in the preceding paragraph will be audited and approved by the Board of Audit.

The Grocery Distribution Kodan shall, when it has obtained the approval of the Director-General of the Economic Stabilization Board, pay to the National Treasury the entire profit as determined by stipulations of Cabinet Order.

The books, documents and other necessary records shall be orderly and clearly written by the Grocery Distribution Kodan and kept in custody available for inspection of the Board of Audit, the Economic Stabilization Board, and the competent authorities.

The Director-General of the Economic Stabilization Board may, when deemed necessary to secure appropriate and equitable distribution of grocery, issue for supervision necessary orders for supervision though the competent Minister to the Grocery Distribution Kodan.

The competent Minister may, when deemed necessary to secure appropriate and equitable distribution of grocery, issue for supervision, a necessary order to the Grocery Distribution Kodan within the quota programs and rationing procedures set up or to be set up by the Directer-General of the Economic Stabilization Board.

The competent Minister or the Director-General of the Economic Stabilization Board may, when deemed necessary have the Grocery Distribution Kodan, submit a report or have an official concerned inspect a necessary place to examine the state of business, books, documents or any other necessary matters.

In case the official concerned is sent for inspection and examination in accordance with the provisions of the preceding paragraph, he shall carry an identification certificate with him to Prove his post as prescribed by order.

In giving the approval referred to in the preceding paragraph the Director-General of the Economic Stabilization Board shall consult with the competent Minister and the Minister of Finance. In this case the final responsibility for approval shall rest with the Director-General of the Economic Stabilization Board.

The Director-General of the Economic Stabilization Board may remove an officer of the Grocery Distribution Kodan if he considers that he is not suitable or properly carrying out his duties in connection with the objects and business of the Grocery Distribution Kodan.

The competent Minister may, When deemed necessary for the operation of the Grocery Distribution Kodan, order or request owners, exclusive holders, or persons having custody, including the Minister of Finance, of facilities required by the Grocery Distribution Kodan to lease them to the Grocery Distribution Kodan.

A fair and adequate rental for the use of such facilities prescribed in the preceding two paragraphs shall be determined by the Director-General of the Economic Stabilization Board based on policies established by him.

When the rental is determined in accordance with the provisions of the preceding paragraph, the Grocery Distribution Kodan shall lease the facilities referred to in Par.1 or 2, for period of time not exceeding its life, prescribed in Art.7, Par.1, with the approval of the Director-General of the Economic Stabilization Board.

The competent Minister may, when deemed necessary for the operation of the Grocery Distribution Kodan, order the liquidator of the companies to be dissolved in accordance with the provisions of Art.32, Par.1. to transter or hand over to the Grocery Distribution Kodan any or all materials owned by or in possession of the company

In case the order of the preceding paragraph is issued, the Grocery Distribution Kodan shall pay fair compensations to the parties concerned within one month of the materials, referred to in the preceding paragraph, being taken over or being delivered by the Grocery Distribution Kodan.

The competent Minister shall not issue the order of Par.5, unless necessary rules are made for compensation of the preceding paragraph with an approval of the Director-General of the Economic Stabilization Board. The competent Minister shall not, after obtaining approval of the Director-General of the Economic Stabilization Board, order or request matter referred to in Par.8 until necessary regulations have been established concerning the compensation referred to in the preceding paragraph.

The competent Minister shall be responsible for supervision over care of the facilities leased by the Grocery Distribution Kodan or over having the Grocery Distribution Kodan take, when deemed necessary, steps such as insurance of the said facilities.

The competent Minister may order or request the persons interested including the Grocery Distribution Kodan and the Ministers concerned with the matter, to take prompt measures for the execution of provisions of all the preceding paragraphs.