Chapter 2: School Legal Persons
Section 2: Registration
The first president of a school legal person shall submit pertinent information to the legal person authority within 30 days following his/her election. The legal person authority shall forward the information to the court of the place in which the head office of the legal person is located for registration.
Reelection and by-election of the president, board members and supervisors following registration and occurrence of other changes to the registration shall be submitted to the legal person authority for relaying the changes to the abovementioned court for a change in registration.
If additions or reductions have been made to the immovable property or key property items following registration, the school legal person shall, within five months after the end of the school year, submit a CPA-certified updated asset list to the legal person authority for relaying the changes to the abovementioned court for a change in registration.
The founder(s) shall transfer all matters regarding the organizing of the school legal person to the first board members within three months following their endorsement by the legal person authority, with ownership of the donated assets transferred to the school legal person.
The legal person authority shall revoke permissions granted for those failing to comply with Article 12, and the first paragraph of Articles 13 and 14 by the deadlines indicated. For those who have completed registration, the court shall be notified to cancel their registration.