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Laws & Regulations Database of The Republic of China (Taiwan)

Print Time:2024/11/22 15:06
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Chapter Law Content

Title: Financial Asset Securitization Act CH
Category: Financial Supervisory Commission(金融監督管理委員會)
Chapter III: Special Purpose Company
Section III: Rights and Obligations of Shareholders
Article 59
The total amount of shares set forth in the Articles of Incorporation of the SPC shall not be issued in installments.
Article 60
The shareholders shall not transfer their shares to other persons, unless with the approval of the competent authority.
Article 61
The provisions in the last part of Article 156, paragraph 1 setting forth that "shares issued may be special shares of such kind as the Article of Incorporation may prescribe"; paragraphs 2 to 7 of the same Article, and Articles 157 to 169 of the Company Act shall not apply to the SPC.
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