Act Governing the Choice of Law in Civil Matters Involving Foreign Elements Article 44
Where a security is held by a centralized depositary, the acquisition, loss, disposition, or change of a right in the security is governed by the law expressly specified as applicable in the contract of centralized deposit; in the absence of express specification, the law of the place most closely connected with the security governs.
中文原文 涉外民事法律適用法第44條
有價證券由證券集中保管人保管者，該證券權利之取得、喪失、處分或變更，依集中保管契約所明示應適用之法律；集中保管契約未明示應適用之法律時，依關係最切地之法律。