Private School Act Article 13

The first chairperson of a school legal person shall submit pertinent information to the competent authority of legal persons within 30 days following his/her election. The legal person authority shall forward the information to the court of the place in which the head office of the legal person is located for registration.Reelection and by-election of the chairperson, board members and supervisors following registration and occurrence of other changes to the registration shall be submitted to the competent authority of legal persons, which shall then be approved and forwarded to the submission to the above-mentioned court for a change in registration.After the establishment and registration of a school as a legal person, if there is an increase or decrease in its real estate and major assets, within five months after the end of the school year, a property change list and an audit report certified by a certified public accountant (hereinafter referred to as “CPA”) should be submitted to the legal person's competent authority for approval and transfer to the governing court to update the registration.