Cooperatives Act Article 56

Where a cooperative of limited liability or guaranteed liability cannot pay off the debts, the court may announce the bankruptcy at the request of the board of directors, the board of supervisors, or the creditors.
中文原文 合作社法第56條
有限責任或保證責任之合作社,不能清償其債務時,法院得因理事會、監事會或債權人之聲請,宣告破產。

English translation for reference only; the Chinese text prevails. Not legal advice.