Private School Act Article 49
Resolutions on the disposition or encumbrance of immovable property shall be carried out by the board and reported to the competent authority of schools forwarding them to the competent authority of legal persons for approval before being handled. The same applies to those regarding purchase or leasing of immovable property. Disposition or collateralization of immovable property mentioned in the preceding paragraph shall comply with the following provisions.1. Immovable property shall be disposed of without interfering with school development and operation.2. Only lands and buildings not directly related to teaching or those approved to be shelved as useless may be collateralized.For those with statutory mortgage rights over immovable property of a school legal person, the provisions of other relevant laws shall be observed.
中文原文 私立學校法第49條
學校法人就不動產之處分或設定負擔，應經董事會之決議，並報經學校主管機關核轉法人主管機關核准後辦理；其購置或出租不動產者，亦同。
前項不動產之處分或設定負擔，應符合下列規定：
一、不動產之處分，以不妨礙學校發展、校務進行為限。
二、不動產以與教學無直接關係或經核定廢置之校地、建築物為限，始得設定負擔。
依其他法律之規定，於學校法人之不動產具有法定抵押權者，依其規定。
前項不動產之處分或設定負擔，應符合下列規定：
一、不動產之處分，以不妨礙學校發展、校務進行為限。
二、不動產以與教學無直接關係或經核定廢置之校地、建築物為限，始得設定負擔。
依其他法律之規定，於學校法人之不動產具有法定抵押權者，依其規定。