Regulations for National Property Donated to Temples or Churches Article 7

The use of the real estate donated pursuant to the Regulations shall be supervised by the competent authority regulating the donee’s foundation pursuant to laws and subject to the following restrictions:1. Upon dissolution of the donee’s foundation, if any, the property donated pursuant to the Regulations shall be nationalized. Upon revocation of registration of the incorporation by a court, the same shall be returned to the nation. The National Property Administration, Ministry of Finance shall instruct the registering agency to cancel the registration of donation.2. Transfer of ownership by trading, exchange or donation is strictly prohibited. Notwithstanding, the same shall not apply if the transferee is a religious foundation founded by the branch/division or subsidiary organization defined in the articles of incorporation of the donee’s foundation. The use thereof satisfies subparagraph 1 and subparagraph 2, Paragraph 1 of Article 2 herein, subject to review and approval of the competent authority regulating the religious foundation.3. No creation of any encumbrance, superficies, or mortgage is allowed.4. No exercise of the transfer of development rights prescribed under relevant laws is allowed.5. Where it is impossible to use the same as a temple or church any longer due to transfer of rights as a result of expropriation, readjustment or urban renewal, the compensation or royalty received by the donee’s foundation shall be nationalized. The same shall apply if the real estate allocated pursuant to laws is not occupied as a temple or church continuously.6. Donated national buildings, if any, shall not be removed or reconstructed. Notwithstanding, this shall not apply if any old and unusable one or that with public safety concerns, for which the donee’s foundation submits related certificates and receives the decision from the competent authority regulating the donee’s foundation considering that it should be removed or improved, thereby being transferred to the National Property Administration, Ministry of Finance for review and approval, is still occupied as a temple or church and the improvements thereon are registered in the name of the foundation. The improvements are registered in the name of the foundation.The restrictions referred to in the preceding paragraph shall be undertaken in writing by the donee’s foundation and recorded in the foundation’s articles of incorporation. Among the other things, the restrictions referred to in subparagraph 2 and subparagraph 4 shall be specified in the land and building improvement registration certificates.The ownership of the real estate donated pursuant to the Regulations as accepted in accordance with the proviso referred to in subparagraph 2 of Paragraph 1 shall not be transferred any longer, provided that it shall be subject to the restrictions referred to in Paragraph 1 and apply the requirements referred to in the preceding paragraph.For those required to be removed or improved under subparagraph 6 of Paragraph 1 herein, no transfer of, or creation of encumbrance or pledge on, the ownership in the improvements thereof may be fulfilled by trading, exchange, or donation. The same shall be undertaken in writing by the donee’s foundation and recorded in the foundation’s articles of donation and specified in the building improvement registration certificate.To secure the rights of claim referred to in subparagraph 1 and subparagraph 5 of Paragraph 1, an application for the registration of caution shall be filed with respect to the real estate donated pursuant to the Regulations and that allocated pursuant to subparagraph 5 of Paragraph 1 herein.