Agricultural Finance Act Article 31

The operations of the credit department are limited to the following:1. Accept deposits2. Process loans;3. Lease the members (or their dependents under the same household) facilities that are necessary for agricultural production or sales;4. Domestic Remittance;5. Accept and pay as the agent;6. Lease safe-deposit boxes;7. Provide agent services;8. Perform businesses entrusted by public treasury (both at county and city level);9. Carry out businesses entrusted by the Agricultural Bank of Taiwan; and10. Perform any other business approved by the central authorities.With approval by the Central Bank of the Republic of China, credit departments may process simple foreign currency transactions.The central authorities shall adjust its business projects and scopes in accordance with the capital sufficiency, operation performance, financial professionalism, internal control and audit mechanism of the credit department. Regulations with respect thereto shall be stipulated by the central authorities.For the surplus funds of the credit department, at least three fourths (3/4) shall be re-deposited at the Agricultural Bank of China; however, any other surplus that has been deposited in other financial institutions before the implementation of the revised articles on March 29, 2011, may be deposited in such financial institution.The credit department shall apply to the Agricultural Bank of Taiwan for its financing in advance, with the exception of an emergency and the approval from the Agricultural Bank of Taiwan is required.