| Title： |
Company Act(2009.05.27) |
| Date： |
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Article 66
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In addition to the cases mentioned in the preceding article, every shareholder shall cease to be one under any of the following circumstances:
1. The occurrence of a condition for withdrawal of shares stipulated in the Articles of Incorporation;
2. Death;
3. Bankruptcy;
4. Adjudication of the commencement of guardianship or assistantship;
5. Expulsion; and
6. Compulsory execution of the shareholder's contribution to the capital by the court.
Where a shareholder shall cease to be one under item 6 of the preceding Paragraph, the execution court shall notify the company and other shareholders two months in advance of the compulsory execution.
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Article 123
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A shareholder of limited liability may not withdraw his contribution to the capital by reason of an adjudication of the commencement of guardianship or assistantship.
Upon the death of a shareholder of limited liability, his contribution to the capital shall devolve upon his successors.
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Article 449
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This Act shall take effect from the date of promulgation thereof, except for the effect date of the Article 373 and Article 383 amended on June 25, 1997 to be decided by the Executive Yuan, and the articles amended on May 5, 2009 to be in force on November 23, 2009.
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