Standards Governing the Establishment of Commercial Banks Article 10

For the bank establishment, a bank should be commissioned to collect the share capital and special deposit account should be opened in the name of the preparatory office.The share capital in the aforementioned special deposit account shall not be used before the business starts, which, however, does not apply to any one of the following circumstances after the establishment permit is obtained:1.With the consent of all the directors and supervisors elected in the founders’ meeting, the fund paid-in by the founders can be used to purchase fixed assets necessary for the business and pay for the start-up expenses.2.After the completion of the company’s establishment registration, the fund is used as the liquid assets reserve stipulated by the Central Bank.3.For the foreign financial institution applying to establish a bank, its capital is to be used to merge or acquisition of the entire business operation and the assets and liabilities of a local bank.
中文原文 商業銀行設立標準第10條
銀行之設立,應委託銀行代收股款,並以籌備處名義開立專戶存儲。
前項專戶存儲之股款,於開始營業前不得動支。
但於取得設立許可後,有下列情形之一者,不在此限:
一、經發起人或創立會選出之董事及監察人全體同意就發起人所繳股款範圍內購置營業上必要之固定資產及支付開辦費者。
二、完成公司設立登記後,運用於中央銀行規定之流動準備資產者。
三、外國金融機構申請設立銀行,其資金運用於合併或概括承受本國銀行之全部營業及資產負債者。

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