Company Act Article 85Aug. 1, 2018

In case of more than one liquidator, one or more may be selected to represent the company. If no one is so selected, each shall have the power to represent the company toward a third person. The execution of liquidated affairs shall be decided by a majority of liquidators.

Liquidators selected to represent the company shall, by mutatis mutandis application of the provision of Article 83, paragraph 1, file a report to the court.

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Company Act Article 83Aug. 1, 2018

A liquidator shall, within fifteen days after having assumed office, file a report to the court, setting forth his name, domicile or residence, and the date on which he assumed office.

The removal of a liquidator shall be reported to the court by the shareholders within fifteen days.

When a liquidator is appointed by the court, public announcement shall be made, and the same procedure shall be followed when a liquidator is removed.

A person who fails to comply with the time-limit for filing a report as provided for in Paragraph 1 or Paragraph 2 shall be subject to a fine of not less than NT$3,000, but no more than NT$15,000.

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