BUSINESS MERGERS AND ACQUISITIONS ACT Article 36
In case the business value delivered to the surviving or the newly incorporated company will not exceed twenty percent of the net value of the divided company while the divided company acquires the total amount of consideration, a resolution for the division agreement shall be adopted by a majority vote of the directors present at the Board meeting attended by directors representing two-thirds or more of the directors of the divided company. However, in case the divided company needs to amend its Articles of Incorporation, Paragraphs 1-5 of the preceding Article relating to the resolution of the general meeting of the divided company still govern.In case that the surviving transferee company issued new shares as the consideration for the division, that the number of those shares will not exceed twenty percent of the total number of issued voting shares of that company, or that the total amount of shares, cash or the total value of the assets delivered will not exceed twenty percent of the net value of that company, a resolution for the division agreement shall be adopted by a majority vote of the directors present at the Board meeting attended by directors representing two-thirds or more of the directors of the surviving company. However, in case the assets of the business of the divided company transferred to the surviving company may not be insufficient to offset its liabilities, or the surviving transferee company needs to amend its Articles of Incorporation, Paragraphs 1-5 of the preceding Article relating to the resolution of the general meeting of the surviving transferee company still govern.In case the division is resolved by the Board of Directors of the divided company while the divided company is the only shareholder of the newly incorporated company, the Board meeting of the divided company shall be deemed as the meeting of promoters of the newly incorporated company; it may draw up the Articles of Incorporation and elect directors and supervisors in the same meeting without being subject to Articles 128, 129 through 139 and 141 through 155 of the Company Act.
中文原文 企業併購法第36條
被分割公司讓與既存或新設公司之營業價值，未超過被分割公司淨值之百分之二十，且由被分割公司取得全部對價者，得作成分割計畫，經被分割公司董事會以三分之二以上董事出席及出席董事過半數之決議行之。
但被分割公司有變更章程之必要者，仍應適用前條第一項至第五項有關被分割公司股東會決議之規定。
分割而受讓營業之既存公司，為分割發行之新股，未超過已發行有表決權股份總數之百分之二十，或支付被分割公司之股份、現金或其他財產價值總額未超過既存公司淨值之百分之二十者，得作成分割計畫，經既存公司董事會以三分之二以上董事出席及出席董事過半數之決議行之。
但既存公司所受讓被分割公司之營業，其資產有不足抵償負債之虞或既存公司有變更章程之必要者，仍應適用前條第一項至第五項有關既存公司股東會決議之規定。
依第一項規定經被分割公司董事會決議分割，且被分割公司為新設公司之唯一股東者，被分割公司之董事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。
但被分割公司有變更章程之必要者，仍應適用前條第一項至第五項有關被分割公司股東會決議之規定。
分割而受讓營業之既存公司，為分割發行之新股，未超過已發行有表決權股份總數之百分之二十，或支付被分割公司之股份、現金或其他財產價值總額未超過既存公司淨值之百分之二十者，得作成分割計畫，經既存公司董事會以三分之二以上董事出席及出席董事過半數之決議行之。
但既存公司所受讓被分割公司之營業，其資產有不足抵償負債之虞或既存公司有變更章程之必要者，仍應適用前條第一項至第五項有關既存公司股東會決議之規定。
依第一項規定經被分割公司董事會決議分割，且被分割公司為新設公司之唯一股東者，被分割公司之董事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。