 could not buy back its own stock (a restriction lifted by the amendment of the Commercial Code in 2001), issue stock for a price of less than ¥50,000 per share (effective 1982), or operate with paid-in capital of less than ¥10 million (effective 1991-2005).On June 29, 2005, the Diet of Japan passed a new , which took effect on May 1, 2006.The new law greatly affected the formation and function of K.K.