Regulations Governing the Qualifications and Election/Appointment of Membership Representatives, Directors, Supervisors and Managerial Officers of Credit Cooperatives Article 41

A newly elected director or supervisor who fails to conform to the provisions in the foregoing article three (3) days before the first board of directors meeting or the board of supervisors meeting is held shall not take office. In such event, the credit cooperative will notify the alternate or the candidate with the next highest votes to fill the vacancy. The candidate who agrees to fill vacancy after receiving such notice shall conform to the provisions in the first and second paragraphs of the foregoing article before taking office.Where the amount of shares subscribed by a director or supervisor falls below the amount prescribed in the first paragraph of the foregoing article during the term of office, such director or supervisor will be discharged ipso facto, and the Department of Finance of municipal government or the county (city) government will cancel related registration. If there is an alternate candidate, the credit cooperative will notify him/her to fill the vacancy. The candidate who agrees to fill vacancy after receiving such notice shall conform to the provisions in the first and second paragraphs of the foregoing article before taking office.
中文原文 信用合作社社員代表理事監事經理人應具備資格條件及選聘辦法第41條
新當選之理事、監事於召開首次理事會、監事會三日前,未依前條規定辦理者不得就任,由信用合作社通知候補者或選舉次高票者遞補。
遞補者於信用合作社通知遞補後,應於就任前依前條第一項、第二項規定辦理。
理事、監事於任期內發生個別認繳股金少於前條第一項規定之數額者,當然解任,並由直轄市政府財政局或縣(市)政府註銷其相關登記;其設有候補者,由信用合作社通知候補者遞補。
遞補者於信用合作社通知遞補後,應於就任前依前條第一項、第二項規定辦理。

English translation for reference only; the Chinese text prevails. Not legal advice.