BUSINESS MERGERS AND ACQUISITIONS ACT Article 31
In the course of share exchange by and between a company and another company pursuant to the preceding Articles of this Act, if the designated transferee company is a surviving company, a share exchange agreement shall be concluded by Boards of Directors from both of the transferor and the transferee companies; if the designated transferee company is a newly incorporated company, a share exchange resolution shall be adopted by the Board of Directors of the transferor company; the aforesaid agreement and resolution shall be presented at the general meetings of the companies concerned. However, the above requirements are not applicable to the cases where resolutions of general meetings are not required under the preceding two Articles.The share exchange contract and resolution as described in the preceding paragraph shall contain the following particulars and shall be delivered to each shareholder together with the meeting notice:1.Any alteration made to the Articles of Incorporation of the surviving company or execution of the Articles of Incorporation of the newly incorporated company;2.Where shares, cash or other assets given as the consideration by the surviving or newly incorporated company, the total number of new shares, classes of shares, and amount of each class; the total amount of cash and other assets, types of cash and other assets, and amount of each type, together with other relevant matters.3.Where shares are transferred by the shareholders of the company to the surviving or newly incorporated company, the total number of shares, classes of shares, and amount of each class, together with other relevant matters;4.The relevant provisions applicable if the amount of shares to be issued to the shareholders is less than the value of one share and payable in cash;5.The share exchange agreement shall enter whether any remaining office term of directors or supervisors at the time of the share exchange should be continued; the share exchange resolution shall enter a list of directors and supervisors of the newly incorporated company;6.In case of a joint share exchange with another company for the newly incorporated company, the share exchange resolution shall enter matters of concerns in such a joint share exchange.The preceding two paragraphs, the preceding two articles and Article 21 shall apply mutatis mutandis to the share exchange between the company and a foreign company.Any undistributed retained earnings after the share exchange by a company with another company shall be entered as the capital surplus of another company.Special shares already issued before the share exchange by a company with another company, the transferee company shall assume the rights and obligations regarding these shares towards their holders; the transferee company, in the fiscal year of the share exchange, may distribute dividends after the supervisors audit the statements and reports produced by the Board of Directors, while such distribution is immune from restrictions provided in Articles 228 through 231 of the Company Act.If a company is newly incorporated as a result of the share exchange by the company with another company, the portion of the capital quota for the share exchange of the newly incorporated company may not be applicable to Article 2(1) (i) of the Employee Welfare Fund Act.The entries required to appear in the transfer agreement or resolution of under Paragraph 2 shall be delivered to each shareholder together with the notice of the meeting for transfer; the company that has its share certificates publicly issued, shall deliver the result of the review that made by special committee or audit committee and the review result of independent expert to shareholders. The entries, required to appear in a share exchange agreement or resolution under Paragraph 2, shall be delivered to each shareholder together with the notice of the general shareholders' meeting for the share exchange. In the case of the company that has its share certificates publicly issued, it shall send the review results of special committees or audit committees and opinions of independent experts to the shareholders.
中文原文 企業併購法第31條
公司與他公司依前二條規定辦理股份轉換時，預定受讓全部已發行股份之公司為既存公司者，該公司與既存公司之董事會應作成轉換契約；預定受讓全部已發行股份之公司為新設公司者，該公司之董事會應作成轉換決議；並均應提出於股東會。
但依前二條規定免經股東會決議者，不在此限。
前項轉換契約或轉換決議應記載下列事項：
一、既存公司章程需變更事項或新設公司章程。
二、既存公司或新設公司支付股份、現金或其他財產之總數、種類、數量及其他有關事項。
三、公司股東轉讓予既存公司或新設公司之股份總數、種類、數量及其他有關事項。
四、對公司股東配發之股份不滿一股應支付現金者，其有關規定。
五、轉換契約應記載公司原任董事及監察人於股份轉換時任期未屆滿者是否繼續其任期至屆滿有關事項；轉換決議應記載新設公司之董事及監察人名冊。
六、與他公司共同為股份轉換新設公司者，轉換決議應記載其共同轉換股份有關事項。
公司與外國公司進行股份轉換時，準用前二項、前二條及第二十一條規定。
公司與他公司進行股份轉換者，其未分配盈餘於轉換後，列為他公司之資本公積。
公司與他公司進行股份轉換者，而於該公司轉換前已發行特別股，該特別股股東之權利義務於轉換後，由他公司承受，他公司於轉換年度，得依董事會編造之表冊，經監察人查核後分派股息，不適用公司法第二百二十八條至第二百三十一條規定。
公司與他公司進行股份轉換而新設公司者，該新設公司就轉換股份之資本額度內，得不適用職工福利金條例第二條第一項第一款之規定。
第二項轉換契約或轉換決議之應記載事項，應於發送股份轉換決議股東會之召集通知時，一併發送各股東；公開發行股票公司並應同時將特別委員會或審計委員會審議結果及獨立專家意見發送於股東。
但依前二條規定免經股東會決議者，不在此限。
前項轉換契約或轉換決議應記載下列事項：
一、既存公司章程需變更事項或新設公司章程。
二、既存公司或新設公司支付股份、現金或其他財產之總數、種類、數量及其他有關事項。
三、公司股東轉讓予既存公司或新設公司之股份總數、種類、數量及其他有關事項。
四、對公司股東配發之股份不滿一股應支付現金者，其有關規定。
五、轉換契約應記載公司原任董事及監察人於股份轉換時任期未屆滿者是否繼續其任期至屆滿有關事項；轉換決議應記載新設公司之董事及監察人名冊。
六、與他公司共同為股份轉換新設公司者，轉換決議應記載其共同轉換股份有關事項。
公司與外國公司進行股份轉換時，準用前二項、前二條及第二十一條規定。
公司與他公司進行股份轉換者，其未分配盈餘於轉換後，列為他公司之資本公積。
公司與他公司進行股份轉換者，而於該公司轉換前已發行特別股，該特別股股東之權利義務於轉換後，由他公司承受，他公司於轉換年度，得依董事會編造之表冊，經監察人查核後分派股息，不適用公司法第二百二十八條至第二百三十一條規定。
公司與他公司進行股份轉換而新設公司者，該新設公司就轉換股份之資本額度內，得不適用職工福利金條例第二條第一項第一款之規定。
第二項轉換契約或轉換決議之應記載事項，應於發送股份轉換決議股東會之召集通知時，一併發送各股東；公開發行股票公司並應同時將特別委員會或審計委員會審議結果及獨立專家意見發送於股東。