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53-34
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Where any circumstance set forth in Article 53-31 or Article 53-32 applies to a company limited by shares participating in the share conversion and the company was a TWSE listed or Taipei Exchange listed company before the conversion, then the shares of the directors, supervisors, and major shareholders of the company shall be placed in centralized custody pursuant to Article 53-16. However, this restriction shall not apply where the circumstances set forth in paragraph 2 of Article 31 of the Financial Holding Company Act exist as a result of the share conversion.
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