Private School Act Enforcement Rules Article 12

The chairperson shall, within 30 days after the founder has completed the matters prescribed in Article 14, Paragraph 1 of the Act, submit the following documents to the corporate body's competent authority for future reference:1. Minutes of the board of directors' founding meeting2. A CPA-certified financial statement from the corporate body that is establishing a school during the preparatory period3. Founder transfer checklist.In the foregoing paragraph, the minutes of the board of directors' founding meeting and founder transfer checklist shall be submitted in triplicate; the transfer checklist shall also include the school's orporate body preparatory plan, proposed private school establishment plan, documents, property, and other relevant items.The following documents shall be used to verify the transfer of all donated property to the ownership of the school's corporate body as prescribed in Article 14, Paragraph 1 of the Act:1. Cash: Proof of deposit at a financial institution2. Registered stock: Documents verifying completion of settlement3. Land, buildings: Registration transcript4. Other property: Documents verifying hand-over and transfer to the ownership of the school's corporate body in accordance with the law.