The Credit Cooperatives Act Of The Republic Of China Article 24

Where the amount of reserves appropriated under the preceding Article exceeds ten times the aggregate amount of the share capital, and the ratio of equity capital to risk capital has complied with what is prescribed in Article 44 of the Banking Act, and the credit cooperative may at its discretion determine the amount to be appropriated as reserves of the year, provided however that, the percentage of surplus so appropriated shall be not less than 15%.In addition to legal surplus reserves, a credit cooperative may, by articles of cooperative or a resolution of the general meeting of members, determine to establish special surplus reserves. Where necessary, the Central Competent Authority may also order that such reserves be established.