BUSINESS MERGERS AND ACQUISITIONS ACT Article 35
In carrying on a division by a company, the Board of Directors shall draft a division plan and submit it to the general meeting.A resolution for division shall be adopted by a majority vote at the general meeting attended by shareholders representing two-thirds or more of the total number of the issued shares of the company.For a company that has its share certificates publicly issued, if the total number of shares represented by shareholders present at the general meeting is short of the quorum under the preceding paragraph, the resolution may be adopted by two-thirds or more of the votes of the shareholders present at the general meeting who represent a majority of the total number of issued shares.In case a listed or OTC company carried on a division and the trading of the shares then traded on the stock exchange or OTC market shall be terminated while the surviving or newly incorporated transferee company after the division is not a listed or OTC company, the resolution of the general meeting under the preceding two paragraphs shall be adopted by two-thirds or more of the votes of the shareholders who represent the total number of issued shares of the listed or OTC company.In the preceding three Paragraphs where higher criteria for the total number of shares represented by the shareholders present at the general meeting and the total number of votes required to adopt a resolution thereat are specified in the Articles of Incorporation, such higher criteria shall prevail.Upon the resolution of the division, a company shall immediately notify or make a public notice to each creditor of such a division and specify a period of not less than thirty days to allow objection filed by the creditors. A company, that has not given notice or made public announcement in the manner referred to in the preceding paragraph, or fails to satisfy a creditor who has raised an objection to the division, to furnish an appropriate security, to create any trust exclusively for creditors' satisfaction, or to certify that such a division is without prejudice to the rights of creditors, shall not assert the division as a defense against such a creditor.The surviving or newly incorporated transferee company, unless the liabilities existing before the division may be severed, shall, within the scope of contributions made by the transferee company, be jointly and severally liable to discharge the liability incurred by the divided company prior to the division. However, the creditors' right to claim for the performance of the joint and several liabilities shall become extinguished, if not exercised by the creditors within two years from the reference date of the division.If the transferee company is a newly incorporated company, the general meeting of the company divided shall be deemed as the meeting of promoters of the transferee company; it may draw up the Articles of Incorporation and elect directors and supervisors of the newly incorporated company in the same meeting without being subject to Articles 128, 129 through 139 and 141 through 155 of the Company Act. Article 24 of the Company Act shall apply mutatis mutandis to any company dissolved as a result of a division.Where a listed or OTC company is divided, the surviving or the newly incorporated transferee company, after the division found compliant with requirements of the division and the relevant listing or OTC rules, may continue or start to offer its shares on the stock exchange or OTC market upon completing the procedures specified for such a division and procedures of the stock exchange or OTC market, while the divided company with shares traded on the stock exchange or OTC market before the division may continue the trading of the shares as such.In case of a division by a company limited by shares, the surviving company or the newly incorporated company shall be only in the form of a company limited by shares. Article 25 of this Act is applicable mutatis mutandis to the registration for transfer and alteration of rights and obligations pertaining to the assets of the divided company acquired after the division by the surviving or newly incorporated transferee company. Article 18 (6) of this Act shall apply mutatis mutandis to the procedure of the division.
中文原文 企業併購法第35條
公司進行分割時，董事會應就分割有關事項，作成分割計畫，提出於股東會。
股東會對於公司分割之決議，應有代表已發行股份總數三分之二以上股東之出席，以出席股東表決權過半數之同意行之。
公開發行股票之公司，出席股東之股份總數不足前項定額者，得以有代表已發行股份總數過半數股東之出席，出席股東表決權三分之二以上之同意行之。
前二項股東會決議，屬上市（櫃）公司進行分割而致終止上市（櫃），且分割後受讓營業之既存公司或新設公司非上市（櫃）公司者，應經該上市（櫃）公司已發行股份總數三分之二以上股東之同意行之。
前三項出席股東股份總數及表決權數，章程有較高之規定者，從其規定。
公司為分割之決議後，應即向各債權人分別通知及公告，並指定三十日以上之期限，聲明債權人得於期限內提出異議。
公司不為通知及公告，或對於在指定期間內提出異議之債權人不為清償、提供相當之擔保、未成立專以清償債務為目的之信託或未經公司證明無礙於債權人之權利者，不得以其分割對抗債權人。
分割後受讓營業之既存或新設公司，除被分割業務所生之債務與分割前公司之債務為可分者外，應就分割前公司所負債務，於其受讓營業之出資範圍，與分割前之公司負連帶清償責任。
但債權人之債權請求權，自分割基準日起二年內不行使而消滅。
他公司為新設公司者，被分割公司之股東會視為他公司之發起人會議，得同時訂立章程，並選舉新設公司之董事及監察人，不適用公司法第一百二十八條、第一百二十九條至第一百三十九條、第一百四十一條至第一百五十五條規定。
公司法第二十四條規定，於公司因分割而消滅時準用之。
上市（櫃）公司進行分割後，該分割後受讓營業或財產之既存或新設公司，符合公司分割及上市（櫃）相關規定者，於其完成公司分割及上市（櫃）之相關程序後，得繼續上市（櫃）或開始上市（櫃）；原已上市（櫃）之公司被分割後，得繼續上市（櫃）。
股份有限公司分割者，其存續公司或新設公司均以股份有限公司為限。
分割後受讓營業之既存或新設公司取得被分割公司之財產，其權利義務事項之移轉及變更登記，準用第二十五條規定。
第十八條第六項規定，於分割程序準用之。
股東會對於公司分割之決議，應有代表已發行股份總數三分之二以上股東之出席，以出席股東表決權過半數之同意行之。
公開發行股票之公司，出席股東之股份總數不足前項定額者，得以有代表已發行股份總數過半數股東之出席，出席股東表決權三分之二以上之同意行之。
前二項股東會決議，屬上市（櫃）公司進行分割而致終止上市（櫃），且分割後受讓營業之既存公司或新設公司非上市（櫃）公司者，應經該上市（櫃）公司已發行股份總數三分之二以上股東之同意行之。
前三項出席股東股份總數及表決權數，章程有較高之規定者，從其規定。
公司為分割之決議後，應即向各債權人分別通知及公告，並指定三十日以上之期限，聲明債權人得於期限內提出異議。
公司不為通知及公告，或對於在指定期間內提出異議之債權人不為清償、提供相當之擔保、未成立專以清償債務為目的之信託或未經公司證明無礙於債權人之權利者，不得以其分割對抗債權人。
分割後受讓營業之既存或新設公司，除被分割業務所生之債務與分割前公司之債務為可分者外，應就分割前公司所負債務，於其受讓營業之出資範圍，與分割前之公司負連帶清償責任。
但債權人之債權請求權，自分割基準日起二年內不行使而消滅。
他公司為新設公司者，被分割公司之股東會視為他公司之發起人會議，得同時訂立章程，並選舉新設公司之董事及監察人，不適用公司法第一百二十八條、第一百二十九條至第一百三十九條、第一百四十一條至第一百五十五條規定。
公司法第二十四條規定，於公司因分割而消滅時準用之。
上市（櫃）公司進行分割後，該分割後受讓營業或財產之既存或新設公司，符合公司分割及上市（櫃）相關規定者，於其完成公司分割及上市（櫃）之相關程序後，得繼續上市（櫃）或開始上市（櫃）；原已上市（櫃）之公司被分割後，得繼續上市（櫃）。
股份有限公司分割者，其存續公司或新設公司均以股份有限公司為限。
分割後受讓營業之既存或新設公司取得被分割公司之財產，其權利義務事項之移轉及變更登記，準用第二十五條規定。
第十八條第六項規定，於分割程序準用之。