Regulations for the Establishment and Administration of the Multi-level Marketing Enterprises and Participants Protection Institute Article 13

Law:: Regulations for the Establishment and Administration of the Multi-level Marketing Enterprises and Participants Protection Institute
Chinese:: 多層次傳銷保護機構設立及管理辦法第13條

Proposals made by the EPPI on the following matters require the attendance of aquorum of two-thirds of the directors, and the consent of at least two-thirds of theattending directors::1. The revision of charter of endowment.;2. Stipulation and revision of organizational regulations;3. Dissolution or revision of objectives of the EPPI;4. Property purchases and disposal or creation of encumbrance;5. Application for loans;6. Revision of fund custody and management.If the revision made to the charter as specified in subparagraph 1 of the preceding paragraph involves any of the circumstances described in Article 62 or 63 of the Civil Code, the FTC may apply to the court for necessary disposition.Matters as stipulated in every subparagraph of the first paragraph shall be submitted to the FTC for approval, before they are implemented.The agenda for discussion regarding the matters stated in paragraph 1 shall be provided to all the directors as well as filed with the FTC for future reference ten days before the meeting takes place and the FTC may also send staff members to attend the meeting as observers.

中文原文多層次傳銷保護機構設立及管理辦法第13條

保護機構對於下列事項之擬議，應經董事三分之二以上出席，及出席董事三分之二以上之同意行之：
一、捐助章程之變更。
二、組織規程之訂定及變更。
三、保護機構之解散或目的之變更。
四、不動產之購置、處分或設定負擔。
五、申請貸款。
六、基金保管運用方式之變更。
前項第一款章程變更，如有民法第六十二條或第六十三條之情事，本會得聲請法院為必要處分。
第一項各款事由，應報經本會核定後，始得為之。
第一項事項之討論，應於會議十日前將議程通知全體董事，報請本會備查，本會並得派員列席。

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