The Banking Act of The Republic of China Article 62-2

Where the competent authority assigns officials to take conservatorship over a bank, the bank's operation and management and disposal of the bank's properties shall be exercised by the conservator.The conservator in the preceding paragraph has the authority to represent the bank under conservatorship in litigation and non-litigation matters and may designate a natural person to perform duties on its behalf. A conservator is not subject to Article 17 of the Administrative Execution Act in the performance of duties.When the conservatorship order is serviced to the bank, its responsible persons and staff shall deliver all books, documents, seals and properties together with an inventory thereof to the conservator and shall inform all necessary affairs relating to the claim and debts to the conservator and take other necessary actions to cooperate with the conservatorship per the conservator's request; the bank's responsible persons or staff shall not refuse to answer relevant inquiries or make false representations.A bank is not subject to Article 35 of the Civil Code, Articles 208-1, 211, 245, and 282 to 314 of the Company Act or the Bankruptcy Act during the duration of conservatorship.The duration of conservatorship over a bank shall last two hundred and seventy (270) days from the date the competent authority assigns officials to take conservatorship. If deemed necessary and with the approval of the competent authority, the duration may be extended once for a period of no longer than one hundred and eighty (180) days.A conservator is not required to furnish security when petitioning the court for provisional attachment or provisional disposition in the performance of its duties.