Regulations Governing the Establishment of Private School Endowment Corporations Article 10

After the application process for the establishment of a private school endowment corporation has been initiated by the juristic person, said juristic person will be, as in accordance with the law, dissolved before permission is given for the establishment of said private school endowment corporation; lacking other collective donors, the application shall be deemed withdrawn.
中文原文 學校財團法人設立辦法第10條
法人提出設立學校法人之申請後,於取得許可前,該法人依法解散,而無其他共同捐助人者,其申請視為撤回。

English translation for reference only; the Chinese text prevails. Not legal advice.