Deposit Insurance Act Article 29

In the event that the competent authority or the central competent authority of the agricultural finance appoints any person to act as the conservator or to take over the authorities of the board of directors and supervisors of an insured institution by law, the CDIC may apply mutatis mutandis the provisions of Subparagraph 3 of Paragraph 1 and Paragraph 2 of the preceding Article to other insured institutions or financial holding companies.The CDIC may provide an insured institution with loans, deposits, or other financial assistance when all the following conditions are met: when the said institution is critically under-capitalized, and the competent authorities deem it non-viable and shall be closed; the aforesaid institution is put under conservatorship or the authorities of its board of directors and supervisors are taken over by the competent authorities; the resolution will cause the situations as stipulated under the proviso to Paragraph 2 of the preceding Article. Its operating procedure shall be drawn up by the CDIC and submitted to the competent authority for approval.When the CDIC provides the aforesaid loans, deposits, or other financial assistance to the insured institution under conservatorship or the credit department of the farmers' or fishermen's association whose board of directors and supervisors authorities are taken over, it should request for the full amount of collateral from the financial holding company of the said institution, or any other insured institution that such financial holding company has dominant shares, or from any farmers' or fishermen's association possessing the said credit department.