Company Act Article 211
In case the loss incurred by a company aggregates to one half of its paid-in capital, the board of directors shall convene and make a report to the most recent meeting of shareholders.Subject to the provisions set out in Article 282 of this Act, in case the assets of a company is insufficient to set off its liabilities, the board of directors shall apply to the court for pronouncement of its bankruptcy.The director(s) authorized to represent the company who has (have) violated the provisions of the preceding two Paragraphs shall be imposed with a fine of not less than NT$ 20,000 but not more than NT$ 100,000.
中文原文 公司法第211條
公司虧損達實收資本額二分之一時，董事會應於最近一次股東會報告。
公司資產顯有不足抵償其所負債務時，除得依第二百八十二條辦理者外，董事會應即聲請宣告破產。
代表公司之董事，違反前二項規定者，處新臺幣二萬元以上十萬元以下罰鍰。
公司資產顯有不足抵償其所負債務時，除得依第二百八十二條辦理者外，董事會應即聲請宣告破產。
代表公司之董事，違反前二項規定者，處新臺幣二萬元以上十萬元以下罰鍰。