Trust Enterprise Act Article 43

If a trust enterprise, due to obvious adverse changes in its business or financial status, fails to pay its liabilities when due or it is likely that the trust enterprise damages a trustor’s or beneficiary’s interests, the Competent Authority may order it to transfer the trust agreement and its trust property to another trust enterprise designated by the Competent Authority.If a trust enterprise is unable to continue to engage in a trust business due to dissolution, suspension, shut down, or cancellation or revocation of approvals, it shall consult and let another trust enterprise assume its trust business and such assumption shall be approved by the Competent Authority.If the trust enterprise does not process pursuant to the preceding paragraph, the Competent Authority shall designate another trust enterprise to assume the trust business of the original trust enterprise.If the items which are mentioned in the preceding three paragraphs are transferred or assumed collective trust funds or beneficiary securities offering businesses, a trust enterprise that assumes such items shall announce these items. If the assumed items are other trust businesses, the foresaid trust enterprise shall request an opinion of a beneficiary; in the case that the beneficiary does not consent to such an announcement or does not show any indication whether he/she/it consents to the announcement, then his/her/its trust agreement is deemed to be terminated.