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

Print Time:2024/11/22 02:17
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Chapter Law Content

Title: BUSINESS MERGERS AND ACQUISITIONS ACT CH
Category: Ministry of Economic Affairs(經濟部)
CHAPTER IV FINANCIAL FACILITIES
Article 49
If the result of the merger/consolidation, acquisition or division by a company breaches the credit authorization quota permitted by the laws to an interested party, the same principal, the same interested party or the same affiliated enterprises, the financial institution may stick to the credit authorization agreement until the expiry of the term of credit authorization.
Article 50
For any shares acquired from the surviving company by transferring a certain part of business or assets by a company due to the merger/consolidation, acquisition or division, the financial institution may replace then existing collateral for the original business or assets with the shares acquired.
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