their share payment with the Company. (Translation) 2 All share certificates of the Company shall bear the signature or printed signature of at least one director. However, the Company may delegate the

regulatory association approved by the Securities and Exchange Commission; “Mutual fund” means any mutual fund established under the laws governing securities and exchange; “Marketing agent of fund manager

the Securities and Exchange Commission; “Mutual fund” means any mutual fund established under the laws governing securities and exchange; (Translation) 2 “Marketing agent of fund manager” means any

association approved by the Securities and Exchange Commission; “Mutual fund” means any mutual fund established under the laws governing securities and exchange; (Translation) 2 “Marketing agent of fund manager

concerning the legal relation of the unit holders shall be furnished with the following contents; (1) the status of a unit holder does not create a principal-agent relationship between the unit holders and the

financial advisor on the approved list of the SEC Office. “bondholders’ representative” means a bondholder’s representative whose name appears on the list of the persons who are qualified as bondholders

may delegate the duty of disposal of the mutual fund’s assets according to (2) of the first paragraph to the management company. Where there is necessary and reasonable ground that the disposal cannot

may delegate the duty of disposal of the mutual fund’s assets according to (2) of the first paragraph to the management company. Where there is necessary and reasonable ground that the disposal cannot

may delegate the duty of disposal of the mutual fund’s assets according to (2) of the first paragraph to the management company. Where there is necessary and reasonable ground that the disposal cannot

liquidator of trust property may delegate some duties, which cannot be carried out by itself to those with expertise, e.g., soliciting and coordinating with REIT asset buyers, preparing financial statements