In cases where a company disposes of treasury shares that it holds, the following matters shall be determined by the board of directors unless the articles of incorporation provide otherwise:
1. The class and number of the shares to be disposed of;
2. The price of the shares to be disposed of and date of payment;
3. Persons to whom the shares are to be transferred and the method of the disposition.[This Article Wholly Amended by Act No. 10600, Apr. 14, 2011]