Urban Renewal Act Article 71
If the implementer is a newly established company and has been operating an urban renewal project, it may publicly recruit corporate shares. The founders should include a development professional company of real estate investment development and owners of the real estate with the urban renewal project plan and owner of the superficies right. Their total shareholdings cannot be lower than 30% of the total shares of the newly established company and they should report to the central authority for approval.The owners of the fixed properties within the urban renewal project plan and the owner of the superficies right should have priority when participating as the company founders in establishing a company mentioned in the preceding paragraph.If the implementer is a fixed property investment development listed company, it can publish a specific usage company's bond to raise funds for the urban renewal project plan, and Article 247 of the Company Act does not restrict it.When issuing corporate bonds with designated purposes, a listed real estate investment and development company as described in the preceding paragraph shall present certificates of approval by competent authorities at different levels to apply to and obtain the permission from the securities administration agency before it may begin operation.
中文原文 都市更新條例第71條
實施者為新設立公司，並以經營都市更新事業為業者，得公開招募股份；其發起人應包括不動產投資開發專業公司及都市更新事業計畫內土地、合法建築物所有權人及地上權人，且持有股份總數不得低於該新設立公司股份總數之百分之三十，並應報經中央主管機關核定。
其屬公開招募新設立公司者，應檢具各級主管機關已核定都市更新事業計畫之證明文件，向證券管理機關申報生效後，始得為之。
前項公司之設立，應由都市更新事業計畫內土地、合法建築物之所有權人及地上權人，優先參與該公司之發起。
實施者為經營不動產投資開發之上市公司，為籌措都市更新事業計畫之財源，得發行指定用途之公司債，不受公司法第二百四十七條之限制。
前項經營不動產投資開發之上市公司於發行指定用途之公司債時，應檢具各級主管機關核定都市更新事業計畫之證明文件，向證券管理機關申報生效後，始得為之。
其屬公開招募新設立公司者，應檢具各級主管機關已核定都市更新事業計畫之證明文件，向證券管理機關申報生效後，始得為之。
前項公司之設立，應由都市更新事業計畫內土地、合法建築物之所有權人及地上權人，優先參與該公司之發起。
實施者為經營不動產投資開發之上市公司，為籌措都市更新事業計畫之財源，得發行指定用途之公司債，不受公司法第二百四十七條之限制。
前項經營不動產投資開發之上市公司於發行指定用途之公司債時，應檢具各級主管機關核定都市更新事業計畫之證明文件，向證券管理機關申報生效後，始得為之。