ءີᆏڱڇ൶ಘᒵٌ࣐ូԵᦞܒެհࠟທᅝࠃԳߪ։ጟᣊΕᅝࠃԳᠨֱࠠ
ໂ۶ጟփຝԳհߪ։Δא֗ֆհᣊীΖऄՂ٣ലࢬڶܒެ։รԫᐉፖՂ္
ᐉΔࠀ։ܑലࠡᅝࠃԳូᣊΕܫא֗Ղ္ԳΕՂ္ԳΔࠡڻಾኙܫΕ Ղ္ԳΕՂ္ԳΔ։ऄԳΕ۞ྥԳΕދঅቸ᧯Կጟߪ։Δەၦދঅቸ᧯հ
190 ਊ 90 ڣழދঅխ֨ࡸآمΔூٙএطᢞഗᄎΖ
70
ࢤᔆא֗פ౨Δਚܫႈؾႛ։ऄԳፖ۞ྥԳࠟጟߪ։ΖԾەၦࠩࠟທᅝࠃԳ
݁ױ౨ڶᓤᑇژڇΔਚء֮אψԳᑇωอૠᑑᄷΔࠏڕԫٙܒެᅝխૉڶࠟ
ۯܫΔ։ܑ۞ྥԳᆖԳፖऄԳᇀࠃΔঞܫႈؾലᏺףԫऄԳፖԫ۞
ྥԳհᇷறΔۖփຝԳႈؾঞᏺףԫᆖԳፖԫᇀࠃհᇷறΖޣࣔᒔΔ௫
֗٥ٵ္հܒެΔء֮ലᑑࣔࠡ᥆࣍ᓤᑇܫࢨܫΖ
ڼ؆Δء֮ەᢞٌऄร 157 යհࡳΔലփຝԳጟᣊ։ΚᇀࠃΕኘԳΕ ᆖԳΕՕैࣟጟΔૉࠟທᅝࠃԳڶٚ۶ԫֱࠠໂՂ૪հփຝԳߪ։ழΔঞԫ ࠓղאᖞอૠΖૉڶᄷشᢞٌऄ 22 հ 2 ร 3 ႈڶᣂ࠹墿ࢬڶԳհࡳழΔႛ
ૠԵփຝԳԫԳհߪ։Ζ
Ծەܒެփ֮א֗ֆၲᇷಛᨠྒྷీΔᇢቹބנڶᏝᢞࠦ࿇۩ֆհᣊী
ૉܒެփ֮ڶ༼֗ृΔאܒެփ୲ᚌ٣Ζྤಖሉࢨಖሉլ堚ழΔঞאֆၲᇷಛᨠ
ྒྷీհᇷறᄷΔ։ᣊՂঞ։ՂؑֆፖՂ឵ֆԲጟΖ
รԫؾ รԫᐉ
ڶᣂรԫᐉூٙհܫߪ։ܑڕቹ 7 ࢬقΔਊรԫᐉூٙխΔࠀྤٚ۶ԫٙ
ᓤᑇܫհ٥ٵ္Δਚ 20 ٙรԫᐉூٙ٥ڶ 20 ۯܫΔࠡխԾאދঅቸ᧯
ܫհ္່ڍΔ٥ڶ 10 ٙΔ۾᜔ூٙհ 50%ΙطऄԳ܂ܫृڻհΔ ڶ 9 ٙΔ۾᜔ூٙհ 45%Ζط࣍طऄԳ܂ܫհூٙΔ൜ᑇطֆ۞ա
ܫΔਚڼԫᑇڗٍױီֆ۞աܫದ္հֺࠏΙط۞ྥԳܫृႛ
ڶ 1 ٙ191Δএطֆ۞ྥԳᆖԳٻֆದ္ᓮޣᒔᎁᒵٌ࣐ូԵᦞլژڇΔ ࠀॺैࣟזۯֆ۩ࠌូԵᦞΖ
ቹ 7Κܫߪ։ܑ
191 ߠᄅؑ១࣐அ 93 ᄅ១ 485 ᇆܒެΖ
71
ܫߪ։ܑڕቹ 8 ࢬقΔط࣍ܒެխ٥ڶ 5 ଡࠠڶ 2 ۯܫհ٥ٵ္ூ
ٙΔਚ 20 ٙรԫᐉூٙ٥ڶ 25 ۯܫΔࠡխऄԳڶ 12 ۯΔ۞ྥԳঞڶ 13 ۯΔ ٺ۾᜔Գᑇհ 48%ፖ 52%Ζ
ቹ 8Κܫߪ։ܑ
փຝԳհߪ։ܑڕٵቹ 9 ࢬقΔೈԱছၲطֆᆖԳದ္ֆհூࠏ؆Δ
݁ܫࠠໂփຝԳߪ։ΔਚփຝԳ᜔ᑇፖܫߪ։ܑઌٵΔ݁ 25 ۯΖᇀࠃ
Գᑇ່ڍհփຝԳጟᣊΔ٥ 15 ۯΔ۾᜔Գᑇ 60%ΔࠡխڶԫۯਢऄԳᇀࠃז
।Ιै၌መ 10%հՕैࣟঞڻڍհփຝԳጟᣊ٥ 6 ۯΔ۾ 24%ΖᆖԳ֗
ኘԳঞԳᑇለ֟Δࢬ۾ֺࠏለ܅Ζ ቹ 9ΚփຝԳߪ։ܑ
72
ڶᣂֆጟᣊΔء֮ঞՂאܒެփࢬ༼ृᚌ٣ܒឰࠉᖕΔ᎖אֆၲᇷಛ ᨠྒྷీհᇷறΔբڕছ૪Ζڕቹ 10 ࢬقΔ௫֗ᒵٌ࣐ូԵᦞհ 20 ٙֆᅝխΔ אՂؑֆհᑇၦଈΔ٥ 16 ၴΔ۾ֆ᜔ᑇհ 80иΔංߒࠡڂᚨፖՂؑֆ
ለڰԵᒵٌ࣐ូԵᦞհᒤڶᣂΙՂ឵ֆঞڶ 4 ၴΔ۾ 20иΖ
ء֮ኙ࣍ֆጟᣊ։ᣊழΔམᅸࠩՀ٨ܺᣄΚᔹֆၲᇷಛᨠྒྷీ৵ױ࿇
ຝ։ֆբᔭֆၲ࿇۩ΔਚྤൕطֆၲᇷಛᨠྒྷీᅝխބࠩᇷறΙຝ։ֆ
ֆؒ࣍ֆၲᇷಛᨠྒྷీհᇷறΔፖܒެհಖሉڶࣴฆΙ२ڣհܒެኙ࣍ᅝࠃԳ հᇷறڶࢬঅയΔՈᏺףԱᢞհܺᣄΖኙ࣍ছၲԿጟणउΔء֮אܒެಖሉ
ᚌ٣ΔૉྤऄطܒެխބࠩᇷறΔঞ᎖אֆၲᇷಛᨠྒྷీא֗ࠡהᇷற։ᣊΖ ቹ 10Κֆጟᣊ
73
รԲؾ Ղ္ᐉ
ڇ 11 ٙՂ္ᐉூٙխΔڶ 2 ٙܒެᖑڶ 3 ଡՂ္ԳΕ1 ٙܒެڶ 2 ଡՂ္
Գ192Δࠡ塒ூٙঞ݁ڶ 1 ۯՂ္ԳΖਚՂ္Գհ᜔ᑇΔࠉᖕছ૪հૠጩֱڤΔ ٥ڶ 16 ۯΖڕቹ 11 ࢬقΔՂ္Գڍ۞ྥԳΔૠڶ 11 ۯΔ۾᜔Գᑇհ 69иΙ ऄԳڻհΔ٥ 4 ۯΔ۾ 25иΙދঅቸ᧯ႛڶԫڻ܂Ղ္ԳΖ
ቹ 11ΚՂ္Գᣊী
11ٙூٙխΔڶ 2 ٙூٙࠀڶՂ္Գ193ΔࠀྤڶᓤᑇՂ္Գհூ
ٙΔਚ٥ڶ 9 ۯՂ္ԳΔऄԳ܂Ղ္ԳृᄕڍΔ٥ 9 ٙΔ۾ 78иΙ۞ྥ
Գঞႛڶ 2 ٙΔ۾ 22иΖڼ؆ΔՂ္ᐉூٙᅝխࠀྤދঅቸ᧯܂Ղ္Գհ
ூٙΖڶᣂՂ္Գิګհᇡൣױߠቹ 12Ζ ቹ 12ΚՂ္Գᣊী
192 ່ऄೃ 99 Ղ 1838 ᇆܒެፖೃ 98 ८Ղ 1 ᇆܒެࠠڶ 3 ଡՂ္ԳΕऄೃ
87ૹՂ 93 ᇆܒެঞڶ 2 ଡՂ္ԳΖ
193 ່ऄೃ 99 Ղڗ 1838 ᇆܒެΕೃ 98 ८Ղ 1 ᇆܒެΖ
74
ઌለ࣍รԫᐉூٙհփຝԳڍᇀࠃΔՂ္ᐉڶထլٵऱଅᎎΖطቹ 13 ױ࿇ΔڶᣂᇀࠃհூٙڇՂ္ᐉᅝխΔႛڶ 1 ٙΔ۾ 8%ΖՕैࣟΕᆖԳΕ
ኘԳԿृհூٙၦ၏ࠀլՕΔ։ܑΚ5 ٙΕ3 ٙΕ3 ٙΔٺ۾᜔Գᑇհ 42%Ε 25%Ε25%Ζ
ቹ 13ΚՂ္ூٙփຝԳߪ։ܑ
ڶᣂՂ္ᐉூٙհֆิګΔፖรԫᐉூٙڶઌۿွΖڕቹ 14 ࢬقΔՂ
ؑֆհூ່ٙڍΔ٥ 10 ٙΔ۾ 91%ΔՂ឵ூٙঞ۾ 9%Ζ
ቹ 14ΚՂ္ூٙֆᣊী
75
รնႈ ඓ္ൣउ
ಘᓵᒵٌ࣐ូԵᦞூٙࠟທհඓ္ൣउழΔ૿ᜯࠩԫଡءऱംᠲΔ ܛڕ۶ࡳᆠψωፖψඓωΔএႛطܒެ֮ܒឰލࢨਢᏁەၦለՕऱ౧Λଣ
ૉਢছृΔࠌܒެ֮բ堚ᄑऱᐊנܫհ္ᏍڃࢨՂ္ᏍڃழΔڼழ۞ྤጊ
ംΔྥᜰՅຝ։္ࢨਢຝ։Ղ္ᏍڃൣउΔᚨڕ۶ࡳᆠᠨֱΔլྤጊംΖ ڶ֮հ܂ऄএܔೈᑓᒫլ堚հܒެ৵٦։࣫194Δྥᒵٌ࣐ូԵᦞܒެ᜔ᑇ ᄕ֟Δլࡵຕ۞ܔೈ࣠ለᑓᒫհூٙΖਚء಼֮֮հ܂ऄ৵195Δެࡳႛ
אܒެ֮հಖሉഗᄷΔլەᐞለᐖრᆠհΔૉᅸࠩຝ։္հூ
ٙΔঞࠏ؆಼֮ፖܒެط৵ΔܒឰூٙհΖڇ։࣫Ղս៱ऎش٣ছऱ
ڤΔ։༉รԫᐉፖՂ္ᐉಘᓵΖ
รԫؾ รԫᐉ
ᒵٌ࣐ូԵᦞூٙรԫᐉհࠟທ္ൣउΔڇ 20 ٙூٙᅝխΔڶࠟٙூ
ٙܫຝ։္ΔࠉছၲܒឰֱڤΔᔹᦰ֮ፖܒެطհ৵Δലࠡូᣊ
ܫ္հܒެ196Ζۖࠟທ࣍รԫᐉհඓ္ൣउطቹ 15 ױ堚ᄑ࿇Δܫڇร ԫᐉூٙᅝխ۾ԱᚘଙࢤհᚌႨΔ20 ٙܒެᅝխڶ 16 ٙܒެ݁࠷္հ
194 Stanton Wheeler, Bliss Cartwright, and Lawrence Friedman, Do the “Haves” Come Out Ahead?
Winning and Losing in State Supreme courts, 1870-1970, 21 Law & Soc’y Rev. 414-415(1987).
195 Id, at 415.
196 ։ܑΚקچೃ 90 ္ڗ 785 ᇆܒެΕקچೃ 90 ္ڗ 787 ᇆܒެΖ
76
࣠Δ۾รԫᐉ᜔ூٙհ 80%Ιܫႛڶ 4 ٙܒެ࠷္࣠ΔץਔԿٙຏൄ္
ூٙא֗ԫٙ՛ᠰ္ூٙ197Δܫ္ृႛ۾รԫᐉ᜔ூٙհ 20иΖ ቹ 15Κรԫᐉܫ္ൣउ
รԲؾ Ղ္ᐉ
Ղ္ᐉ 11 ٙܒެΔڕቹ 16 ࢬقΔطՂ္Գᛧृႛڶ 1 ٙܒެΔܛ
ऄೃ 88 Ղڗ 1530 ᇆܒެΔ۾᜔ூٙհֺࠏլࠩԫګΙՂ္Ꮝڃृঞڶ 8 ٙΖ
ࠡהএਐ່ऄೃ 99 Ղ 1838 ᇆܒެፖೃ 98 ८Ղڗ 1 ᇆܒެΔط࣍ڼ Բܒެհࠟທኙ࣍รԲᐉܒެ݁।قլࣚΔ݁༼ದՂ္Δ່ۖऄೃፖऄೃ
݁ٵழᏍڃࠟທհՂ္ΔڼԲܒެٵԫூٙհԲԿᐉܒެΔਚאܑ٨נհ
ֱڤΔྥۖԲृփ୲սፂԫᐉհߠᇞΖٽছ૪รԫᐉհඓൣउΔܠ Գױංᓵᒵٌ࣐ូԵᦞհܫڇรԫᐉհᄕ܅ΔٍᣄאڇՂ္ᐉංছ ᐉհߠᇞ198Ζʳ
197 ছृΚቯᆠچೃ 88 ૹ္ڗ 143 ᇆܒެΕႂچೃ 89 ္ڗ 3007 ᇆܒެΕקچೃ 99 ८ڗ 41ᇆܒެΙ৵ृঞԿૹ១࣐அ 96 ૹ՛ 5044 ᇆܒެΖ
198 ᖕֺለऄՂհ֮ΔՂ္ࠀլਢࠟທᅝࠃԳᛧᖲኙհᖲࠫΔאભഏऄࠏΔՂ္ᖲ
ࠫለႜٻፂܒެΔኙ࣍Ղ္ऱ॰ាՈڍڶࢬૻࠫΔਚՂ္ԳڇՂ္ᖲࠫխΔኔمഗ࣍
ለڶԺհچۯΖਚᖂृ࣍ࠟທ࣍Ղ္ᐉհඓणउழΔᝩ܍ᑇᖕ࣠መ৫۷Ղ္Գԫ
ֱΔਚ໌ທԱԫጟਐᑑΔٍܛലઔߒհᆢ᧯(ࠏڕଡԳΕֆΕਙࢌ)܂Ղ္ԳழհΔ྇
װࠡ܂Ղ္ԳழհΔࢬհଖጠᚌႨ(net advantage)Δ៶ڼਐᑑᇢቹބנՂ္ழլ ٵගᆢటإऱᚌႨΔࠩለటኔհՂ္Ζྥۖء֮հᑌءመ֟ΔႛڶԫٙூٙՂ္ګפΔ
77 ቹ 16ΚՂ္ᐉࠟທ္ൣउ
รᆏʳ ઔߒ࣠
รԫႈʳ ᔞش᧯
รԫؾ ᇀࠃΕኘԳ
ڶᣂᒵٌ࣐ូԵᦞᔞش᧯հኔᢞઔߒ࣠Δࠉ༛ء֮รԲີรԲᆏհಘ ᓵਮዌΔᚵ։ܑಾኙᇀΕᆖԳΕैۍ։հԼհैࣟΕܓشהԳټᆠڶै
ٝΔא֗փຝԳߪ։ᎁࡳழរ։ܑᓵ૪Ζ
ᇀംᠲֱ૿Δᖂࢬᣂ֨ऱૹរႃխڇᇀټኔլฤΕऄԳᇀംᠲΕᐙ
ᇀԿଡ૿ઌΖࠡխᇀټኔլฤא֗ᐙᇀհംᠲΔኔᔆՂ݁ፖᇀߪ։
ڶྤհᎁࡳڶയ֊ᣂএΖྥᔹᦰ۩Գᇀհܒެ৵ױ࿇Δڶᣂ۩Գਢܡ
ࠠڶᇀհߪ։Δ࣍ઌᣂܒެխΔ༓ൕآګސհૹ֨Δᇀߪ։հڶྤធ֟
ᠨֱࢬञചΔאڼംᠲञរृΔႛקچೃ 90 ڣ္ڗ 2219 ᇆܒެא֗
ࠡԲᐉܒެೃ 90 ڣՂڗ 1377 ᇆܒެΖ
ז।ࢤለ܅Δਚᐉ಼հ৵ެࡳլૠጩڼႈਐᑑΔ൫ܠԳᔹᦰՂ္ګפհᇷறழΔսႊࣹრڼԫ
ွΖڶᣂભഏऄኙ࣍Ղ္հኪ৫א֗ᚌႨհኔᎾሎشΔױߠΚStanton Wheeler, Bliss Cartwright, and Lawrence Friedman, Do the “Haves” Come Out Ahead? Winning and Losing in State Supreme courts, 1870-1970, 21 Law & Soc’y Rev. 406-407, 416-420(1987).ᚌႨհਐᑑՈڶࠡהᖂृࢬ ආشΔױߠΚDonald Songer and Reginald Sheehan, Who Wins on Appeal? Upperdogs and Underdogs in the United States Courts of Appeals, Am J. Politi Sci 242-243(1992).
78
ᇠூٙࠃኔฃᘯΚܫ࣍اഏ 88 ڣ 9 ִ 20 ದᖜٚܫֆհኘԳΔ༚࣍
ٵڣ 11 ִ 30 ֲ࠵ࢬٚ೭ΔྥٚኘԳཚၴ༉ܫֆհैป۩ᒵٌ
࣐Δᛧڶᄅኞ 545 ᆄ 2592 ցհܓ墿Δਚܫࠉᒵٌ࣐ូԵᦞհࡳΔᓮޣ ലܓ墿ូԵֆΖܫݼࠡ࣍ٵڣ 6 ִ 28 ֲհैࣟᜯழᄎழܛբլ٦ਢܫ հኘԳΔ്ࠡࠀآࢭᘭנٚܫհኘԳΔԾߓञैปএܫႳ৵࣍ 88 ڣ 9ִ 20 ֲছຬᥛࢬ၇ၞΔᅝழբॺܫኘԳΔ᜕ܫᔄנߓञैปழࠠໂ
ኘԳߪٝΔٍڂፖ၇ᔄԲழរઃႊࠠໂኘԳߪٝհٙլฤΔۖྤ۩ࠌᒵٌ
࣐ូԵᦞ塒چ˄ˌˌΖʳ
ԫᐉऄೃࠀآኙ࣍ᇀߪ։հᎁࡳ༼נܑհߠᇞΔᓵࠉᖕএאࠃኔ ᎁࡳΔ壆ڕܫ࣍ैࣟᄎၲᄎᅝֲམࠩሒᄎ؆Εၲᄎຏवᤜࠃփ୲ ܛψޏᙇᇀࠃΕኘԳωΕܫ࣍ூհᓳழ۞ࢭڶڇᄎᤜࠩנΕམ ࡡಜזԳנஂᅝֲैࣟᜯழᄎൣࠃᎁܫܡᎁवൣᅝᙇኘԳΔࠀྤ
طΙԾܫ्ᎁگ࠹ᇀᜤஂᄎᤜհၲᄎຏवΔਚࡡٚৈપհપբڶࠩሒ
ܫΙᢞԳ।قܫམ࣍ᇀࠃΕኘԳᜤஂᄎᤜၲᄎᅝ֚མᘣ۞گ࠹ܫᇀࠃ
᧢ޓ࿆ಖᇷறΔࠀᙄݔኘԳ᧢ޓ࿆ಖΔࠀലᙄኘԳ᧢ޓ࿆ಖࢬᏁհߪ։
ᢞᐙءΔطࠡఽ᠏ٌᢞԳ८ΔࠀطᢞԳ८אᙄݔኘԳ᧢ޓ࿆ಖݙ࿚
ൣΔψߩױᢞܫ۞ڶᚈقٵრፖܫᒬߓञኘԳࡡٚৈપհრ৸ωΔਢਚ
ࠟທ༉ኘԳࡡٚᣂএᅝբٽऄګمྤጊΖ
รԲᐉܒެᏍڃܫհՂ္Δࠀ्ᎁรԫᐉऄೃհߠᇞΖطฃܫ(Ղ
္Գ)ڇԫᐉམ്ْբ࣍ 88 ڣ 6 ִ 8 ֲᆖהֆᙇٚ೫ᇀࠃ९Δࠀբٵრ༉
ٚΔਚլ٦ᖜٚՂ္ԳհኘԳΔ᜕ࠌ٦ᖜٚΔࠉऄٍ᥆ྤயΔլࠠڶՂ
္ԳኘԳߪ։ΔՂ္Գྤኙࠡ۩ࠌᒵٌ࣐ូԵᦞ塒چ(ᢞٌऄร 51 යΕ53 යᅃ)Ζچֱऄೃኙڼݼထᕠለ֟ΔۖऄೃঞᎁΔψΞΞᢞٌ࣐ࠦऄร նԼԫයছΕรնԼԿයรնཱིࢬࡳΖڼፖٵऄรԫۍնԼԮයូԵᦞհ
ࡳΔ݁ڶᒤᇀࠃܓشࠡߪ։ᛜ࠷ଡԳܓ墿ۖჾ֗ֆհؾऱΖڂڼΔڕؘא
199 ڼԫܒެආ࠷ψԲጤᎅωհߠᇞΔྥۖڼԫຝ։ᓮᔹψழរᎁࡳωີᆏհಘᓵΖ
79
รԫۍնԼԮයհᔞشኙွΔאլሔ֘รնԼԫයছΕรնԼԿයรնཱིհᇀ ࠃΕኘԳছ༼ΔലࠌՂၲය֮հمऄؾऱլ౨ଫΔٵழທګٵኘԳΔ آሔ֘รնԼԫයࡳृΔࢬᛧ࠷Ղ૪լᅝܓ墿ΔᚨղូԵΔሔ֘รնԼԫය
ࡳृΔ֘ۖլؘូԵհլֆؓ࣠ΖڂڼΔءೃᎁ࣍؆ᨠՂբࠠໂኘԳࡡٚ
ৈપհګمٙΔֆٍᓿղኘԳച۩೭հᖲᄎृΔլംਢܡሔ֘รնԼ ԫයছհࡳΔ۞ᇠࡡٚৈપګمհழದΔ۟؆ᨠՂڶߩאኦ᧩ࠡլ౨ፖֆ
ᄐ೭հࣔᒔࠃኔΰࠏڕࢨᇞٚࠃኔαַΔ݁ូԵᦞᔞشհཚၴΔֱฤ مऄءრ֗ֆؓঞΞΞωΔڼጟߠᇞΔለ౨ַᒤዥΔᚨଖܠԳᢥٵ200Ζ ছၲܒެհञរឈ௫֗ᇀߪ։հᎁࡳΔྥۖᨠऄೃհᓵΔႛএࠃኔ ᎁࡳհംᠲΔፖᖂಘᓵհټኔլฤհᇀΔލࢨᐙᇀࢨࠃኔՂᇀհംᠲ
ྤ௫ΙۖऄԳᇀհઌᣂംᠲΔՈآߠګܒެհञរΖ
รԲؾ ᆖԳΕैۍ։հԼհैࣟΕೝࢨآګڣՖ֗
ܓشהԳټᆠڶैٝ
ᆖԳംᠲᖂ່ᣂࣹհംᠲڇ࣍ᆖԳߪ։ڶྤհᎁࡳΔྥۖڼԫᤜᠲ ࠀآګء֮ࢬઔߒհܒެխհञរΖ
ैۍ։հԼհैࣟΔᖂམڶᎁڼԫैۍ։ֺࡳመΔ৬ᤜᓳ૾
ैۍ։ֺհࡳΖאء֮ࢬઔߒհܒެۖߢΔ௫֗ڼጟ۩Գհܒެ٥ڶքٙ
201Δႛڶקچೃ 90 ڣૹ္ڗ 1126 ᇆܒެ༼֗ܫএैֺࠏ 26.42иհऄ ԳैࣟΔࠡ塒ܒެڍشψै၌መۍ։հԼհैࣟωٌז۩Գհߪ։ܑΔਚ ᣄאኙߓञூٙխ۩ԳհैֺࠏޓၞԫޡհอૠΖྥᨠኘছၲքଡܒެ৵ ױ࿇ΔքଡܒެխڶଡܒެऄԳैࣟΔࠟଡ۞ྥԳैࣟհூٙխΔႛڶԫ
200 ਊೃ 90 ڣՂڗ 1377 ᇆܒެᎁូԵᦞհᔞشཚၴࡨ࣍ψ؆ᨠՂբࠠໂኘԳࡡٚৈ
પհګمٙΔֆٍᓿղኘԳച۩೭հᖲᄎृωΔۖึ࣍ψ؆ᨠՂڶߩאኦ᧩ࠡլ౨
ፖֆᄐ೭հࣔᒔࠃኔϐࠏڕࢨᇞٚࠃኔϑωΔۼऱംᠲਢΔءᇆܒެኙ࣍փຝԳߪ։ழ រᎁࡳհऄ۶Λܒެ֮ڶՀ٨ᓵ૪Κψਚႊ၇ၞΕנഇैปհᎾΔ݁ࠠڶᇠֆছ૪փຝ Գߪ։Δैปٌ࣐۩এڇքଡִհᒤփृΔܛߩᅝհωΔආ࠷ψࠟጤᎅωհߠᇞΖ
201 ץਔΚקچೃ 90 ڣૹ္ڗ 1126 ᇆܒެΕቯᆠچೃ 88 ڣૹ္ڗ 143 ᇆܒެΕႂچೃ 89 ڣ္ڗ 2916 ᇆܒެΕႂچೃ 89 ڣ္ڗ 3007 ᇆܒެΕऄೃ 87 ڣૹՂڗ 93 ᇆܒެΕ
່ऄೃ 99 Ղ 1838 ᇆܒެΖʳ
80
ٙூٙԫैࣟै၌መۍ։հԼΖطՂ૪࣠ᨠհΔܠԳឈᣄאࣔᒔࡳᓵ
ᒵٌ࣐ូԵᦞհैࣟै॰ាࡳਢܡመΔྥಾኙᒵٌ࣐ូԵᦞࢬᔞشհՂ
ؑֆፖՂ឵ֆۖߢΔႛᖇଡԳհԺၦ࠷ۍ։հԼאՂհैٝᚨڶઌᅝᣄ ৫Δൕۖڼጟ۩ԳֱڍאऄԳैࣟࢨڍټ۞ྥԳ٥ٵ࠷Ζʳ
ڇܒެଡூᅝխΔᣂ࣍ैۍ։հԼհैࣟΔڶࠡהᤜᠲګૹञរΖ
࣍ऄೃ 87 ڣૹՂڗ 93 ᇆܒެխ˅˃˅ΔՂ္Գ້ፋֆದ္്ֆՕ
ैࣟܛՂ္ԳظΕԬ݁៶၇ᔄՂ္ԳֆैปΔᛧᏝܓ墿Δਚࠉᒵٌ࣐ូ
Եᦞհࡳದ္ᓮޣូԵᇠԲԳࢬᛧհܓ墿ΙՂ္ԳظঞᘯΚࠉֆऄรԫۍք ԼնයࡳΔآᐌ۩መ֪֫ᥛհಖټैป᠏ᨃΔឈ࣍ᅝࠃԳၴڶ᠏ᨃயԺΔ܀ኙ ֆࠀլس᠏ᨃհயԺΔਚՂ္Գ᜕ڶ၇ၞᔄנैปհ۩Δ൫ኙՂ္Գ۩
ࠌैࣟᦞܓृΔႛՂ္Գհছ֫ԬΔۖॺՂ္ԳءߪΙԾՂ္Գհെ֪Δএ္
؆ԳׇࢬࠌشΔਚ۩ࠌᒵٌ࣐ូԵᦞհኙွᚨኔᔆڶԳׇΔۖॺՂ္Գ
אᇷݼ314Ζ!
ኙ࣍Ղ္ԳհݼΔऄೃ٣ૹعᒵٌ࣐ូԵᦞհمऄؾऱΔڻঞᎁ
ैۍ։հԼאՂհैࣟΔឈլٚᇀΕΕᆖԳ೭Δ൫ڂैለڍΔኙֆ
ࠠઌᅝ࿓৫հᐙԺΔൄڶᖲᄎ൷ᤛֆփຝஒΔ۞ڶᒤհؘΔൕۖᆵ ኔַՕैࣟլᅝܓشֆփຝஒൕࠃैปٌ࣐հمऄრڱΔैࣟڶैٝհ ૠጩ۞լאᙄመ֪ٙΔܡঞᒵٌ࣐ូԵᦞհפ౨ലՕ࠹ᐙΖۖֆऄ ร 165 යร 1 ႈհࡳΔႛਐैࣟآመ֪אছΔլٻֆ്ڂહ࠹ᨃैป
ۖࠆڶၲᄎΕ։ैஒࢨદܓհᦞܓۖߢΔԯֆኙ࣍آመ֪ैࣟ۩ࠌैࣟᦞ ܓኙݼհࡳΔࠀॺֆ۩ࠌᒵٌ࣐ូԵᦞழኙ࣍ैࣟڶैٝհᎁࡳΔ
ٍᚨ࠹ڼࣅޔΙ۟࣍ै၌መै᜔ٝᠰۍ։հԼհैࣟΔሔ֘ᢞٌऄร 43 යհ 1Ε25 යรԫႈعΔࢨร 22 հ 2 รԫႈհࡳΔࡐ᥆ᚨ࠹ٵऄรԫۍԮԼԶ
202 ԫᐉܒެூᇆΚקچೃ 84 ڣૹ္ڗร 801 ᇆܒެΔྥۖڼԫܒެբ၌נء֮հᇷறᒤΔ
ृՈྤൕ࠷ڼԫܒެΔᙊᖌΖ
203 ڇೃܒެᅝխࠀڶڍ༼ܫݼհาᆏΔףՂृྤൕ࠷ԫᐉܒެΔਚྤൕव۶א
ܫآᐌ۩ैปመ֪հ֫ᥛΔױ౨طਢܫএ࣍መ֪ຨ᠙ཚၴ࠷ैปΔਚآၞ۩መ֪֫ᥛΖ
81
යઝፆհംᠲΔ൫ڼࠀྤᡶ࣍ࠡڶֆैٝ၌መै᜔ٝᠰۍ։հԼհՕ
ैࣟߪ։Δս᥆ᒵٌ࣐ូԵᦞ۩ࠌհኙွΔܡঞՕैࣟݮٵױ៶طሔ֘լ܂
ᆠ೭հٵழΔᝩᒵٌ࣐ូԵᦞ۩ࠌհؾऱΔڼᇨፖمऄრڱڶሔΖՂၲᓵ૪ ނ༽ᒵٌ࣐ូԵᦞհمऄؾऱΔַዥขسΔ᥆إᒔΔଖᨬᓾΖ
່ऄೃ 99 ڣՂڗร 1838 ᇆܒެঞ௫ԫംᠲΖՂ္Գٍรԫᐉ
ܫհظԬ֛ࡠΔڶՂ္Գ204ܛรԫᐉܫֆհैֺٝٽૠբ၌መۍ։հ ԼΔۖ࣍اഏԼԲ۟Լնڣၴᒵٌ࣐ᇠֆैปᛧܓΔൕۖܫֆ۩ࠌ ᢞٌऄհᒵٌ࣐ូԵᦞΔᓮޣូԵظԬ٥ٵᛧܓ࣍ֆΖՂ္ԳظԬঞᎁ
ᢞٌऄรԫۍնԼԮයรԫႈհࡳΔႊૻ࣍բڶֆैٝ၌መۍ։հԼհै
ࣟΔֱᏁፖࠡೝΕآګڣՖ֗ܓشהԳټᆠڶृհैٝٽࠓૠጩΔڕॺऴ
൷ࢨၴ൷ڶֆैٝ၌መۍ։հԼհԳΔܛྤᇠයհᔞشΖْԲԳತ೭ٺ۞
ᗑمΔࠀྤ։ࠆࢨ։ᖜڼڶैٝհઆΔٍྤ൳ࠫᣂএࢨၴ൷ڶհൣࠃΔ ኔᎾՂൕآፖᇠֆᆖᛜጥۖࠆڶֆփຝᇷಛΔ۞ྤছၲࡳհᔞش
אᇷݼΖ
ԫᐉհፕקچֱऄೃ 97 ڣ৫ૹ္ڗร 213 ᇆܒެኙ࣍ڼംᠲΔႛאψΞΞ ᇠයհ۩᧯ਢܡڶैٝ၌መ 10иհैࣟΔᚨץਔೝΕآګڣՖΕ
֗ܓشהԳټᆠڶृհ᜔ᑇٽࠓૠጩհΔܫݼᚨאैࣟڶैٝ٣၌መ 10иृΔࡨڶፖೝΕآګڣՖԳٽࠓૠጩհؘճճΔۿڶᎄᄎΞΞωᑇ
ٌזΖʳ
ʳ ʳ ࠟທᅝࠃԳຟ༼ದՂ္ΔۖԲᐉհೃ 98 ڣ८Ղڗร 1 ᇆܒެঞٵழ ᏍڃࠟທհՂ္Δᣂ࣍ছၲᤜᠲঞ٣ૹعᢞٌऄร 22 යհ 2 ร 3 ႈႛএψএٽ ૠैࣟࢬόڶύհैֺٝΔۖॺैࣟό၇ᔄύհैปᑇၦωΙၞۖ༼֗ᢞٌ
ऄร 22 යհ 2 ร 3 ႈհمऄطࡐᘯΚψรԫႈैปڶԳΔ៶៶ೝΕآ ګڣՖࢨהԳټᆠڶैปΔᝩءයհૻࠫΔ࣍รԿႈࣔࡳץਔհωΔྥႛ
204 ڇءூխΔܫֆኙ࣍รԲᐉܒެٵᑌ।قլࣚۖ༼ದՂ္Ζ
82
এψൎᓳᝩ܍ैࣟאהԳټᆠڶैปΔᝩऄ৳ᔞشۖբΔॺᘯᔞشᇠයࡳ
ழΔؘ٣ᢞࣔڶܓشೝࢨآګڣՖټᆠڶैปհࠃኔωΖمऄطհ ψό៶ύೝΕآګڣՖࢨהԳټᆠڶैปΔࠀآࡳऄ৳ය֮Δٍᣄᖕ ڼمऄطࠌشհ֮ڗΔᎁܒឰਢܡڶֆैٝ၌መ 10%հैࣟΔؘႊڶ ڼܓشټᆠᣂএհೝΕآګڣՖࢬڶհैٝΔࡨ౨ٽૠհωΖൕۖೃא Ղၲᓵ૪ංᓵطΔᏍڃԫᐉܫհՂ္Ζʳ
່ऄೃطᒵٌ࣐ូԵᦞհمऄؾऱ֊ԵΔ्ᎁছᐉऄೃհߠᇞΔࠡᓵ૪ ለᇡጐΔਚᆏᙕ࣍ՀΚψᢞٌ࣐ࠦऄรԫۍնԼԮයรԫႈհࡳΔԯሎش ԫጟড়ᨠኔᎾհمऄݾΔࠌैปՂؑֆᇀࠃΕኘԳΕᆖԳࢨՕैࣟֆ
փຝԳΔലࠡڇཚၴփ֘၇ᔄֆैปࢬհܓ墿ូᝫΔ៶אޙֆփ ຝԳհᒵٌ࣐۩Δନፂᥨᢞࠦؑհֆإࢤ֗ֆؓࢤΔ۞լאֆփຝԳڶ ܓشֆփຝᇷಛࢨൕࠃլᅝٌؘ࣐Ζ።Ղؑֆैปհٌ࣐ΔࠡैปᏝ
ᚨഗ࣍ࠎᏁऄঞፖؑ݁ᘝΔطދᇷԳ࣍լ࠹ٚ۶լᅝڂైեឫհൣउՀΔ ڇؑխ۞طᤁᏝۖݮګΖڂՂؑֆैปհٌ࣐ؑᄕࠠඕტࢤΔैᏝൄڂ ٺጟڂైհᐙขس᧢֏ΖۖՂၲֆհՕैࣟΔឈॺֆհᆖᛜጥृΔ܀ڂ
ࠡڶֆઌᅝֺࠏհैٝΔࢬᖑڶհދปᦞਁߩאᐙֆैࣟᄎެᤜհ
࣠ΔለൄԳ࣐࣍༳༽ֆփຝᇷಛΔࠡ၇ᔄैป۩ኙ࣍ԫދᇷԳ೯ߠᨠ៓Δ ڕւࠡڇؑᒵ֘ၞנैปΔᣄ܍ᐙދᇷԳኙैᏝ۩ൣհܒឰΔ୲࣐ທ ګैᏝլᅝհं೯ࢨށڴΔڶᡶᢞࠦؑհ఼ٌ࣐ݧፖ٤࿇୶Δਚمऄףאᆃ
ַΙঞࠉڼࡳႛႊᇠՕैࣟڶڇཚၴփ֘၇ᔄैปհ۩Δֆܛኙհ
۩ࠌՂၲࡳհូԵᦞΔॣլംࠡڶྤፖֆᆖᛜࢨൕࠃփᒵٌ࣐ࢨլᅝ۩
ΖԾᇠයႈࢬࡳڶ࿇۩ैปֆैٝ၌መۍ։հԼհैࣟΔࠉٵයรնႈ
֗ٵऄรԲԼԲයհԲรԿႈࡳΔࠡڶհैปΔᚨፖࠡೝٽࠓૠጩΔٍܛ
ࠡፖೝԲԳࢬڶհैปٽૠ၌መۍ։հԼृΔܛګᇠයႈࢬࡳ۩ࠌូԵ ᦞհኙွΔ۟࣍ೝၴਢܡࠠڶ൳ࠫࢨܓشᣂএΔڇࢬլംΖࠡؾऱԯַֆ
Օैࣟ៶ೝټᆠڶैปΔᝩᢞٌ࣐ࠦऄรԫۍնԼԮයรԫႈհૻࠫΔ
83
ڼᨠᇠයႈհمऄط۞ࣔωΔࠀאڼطᏍڃՂ္Ζ
ᨠছࠟଡூࠏΔऄೃ૿ኙᒵٌ࣐ូԵᦞݾᖙ܂ՂհᑓᒫംᠲழΔࠡ৸ە
᧤ᙀ݁ڶઌۿհΔܛ٣ૹعᒵٌ࣐ូԵᦞհمऄؾऱΔאڼנ࿇រΔ༈ޣ ฤٽمऄؾऱլᄎທګᒤዥհᇞᤩֱڤΖૉԫᄗኧڼጟᖙ܂ֱڤΔঞ
ᒵٌ࣐ូԵᦞڇݺഏհᔞشലၞԫޡߨٻড়ᨠ֏Εԫી֏Δլւڶመڍհऄೃ
ဪၦ़ၴΖངߢհΔ᜕ڶۊۥଡூנΔᄕڶױ౨ս៱ᎁࡳᇠᅝᒵٌ࣐ូԵ ᦞհ۩ࠌٙΖ
รԿؾ ழរᎁࡳ
ڇء֮ࢬઔߒհܒެխΔছԫؾࢬ༼֗հऄೃ 87 ڣૹՂڗ 93 ᇆܒ
ެΔԫଡૹञរ༉ਢᣂ࣍փຝԳߪ։ڶྤհழរᎁࡳംᠲΖՂ္Գ്ࠉᢞ
ٌऄร 157 යࡳΔ۩ࠌᒵٌ࣐ូԵᦞհኙွΔᚨএਐ၇Ե֗ᔄנழ݁ࠠໂ
ڶֆैٝ၌መۍ։հԼհߪ։ृΔྥۖऄೃᎁᒵٌ࣐ូԵᦞհمऄ ؾऱΔլႛڇ࣍Ⴤᇖֆհჾ୭ΔٍܶڶᡕፆհრᆠΖՕैࣟឈլٚᇀΕΕᆖ
Գ೭Δ൫ڂैለڍΔኙֆࠠڶઌᅝ࿓৫հᐙԺΔൄڶᖲᄎ൷ᤛֆփ ຝஒΔַՕैࣟլᅝܓشֆփຝஒൕࠃैปٌ࣐Δ۞ڶףאᒤհؘ
ΖਚՕैࣟ࣍࠷ֆैٝ၌መۍ։հԼΔࠀ࣍࠷৵քଡִփ٦۩ᔄ נΔࢨ࣍ᔄנ৵քଡִփ٦۩၇ၞΔڂۖᛧܓ墿Δܛᢞٌ࣐ࠦऄร 157 යร 1ႈࡳᒵٌ࣐ូԵᦞհᔞشኙွΔլאψ၇ၞωΕψᔄנω݁ႊࠠैۍ։
հԼאՂՕैࣟߪ։ؘΔֱฤᇠය֮հمऄءڱΖψܡঞॺ܀၇ᔄཚၴհՕ
ैࣟߪ։ᣄאᙃᢝΔैปٌ࣐հᏝٍᣄאૠጩΔႨലࠌᇠයַ֮փᒵٌ࣐հ פ౨ጐ؈ωΔۖၞԫޡᎁՂ္Գհ്ྤطΙऄೃ 90 ڣՂڗ 1377 ᇆܒެঞፂچೃߠᇞΔආ࠷ψԲጤᎅωհߠᇞ˅˃ˈΖʳ
205 ܒެᓵ૪ᆏᙕڕՀΚឈՂ္ԳጠូԵᦞ۩ࠌհᒤΔᚨאᖜٚኘԳཚၴ၇Ե֗ᔄנࢬ ᛧհܓ墿ૻΖྥᢞٌ࣐ࠦऄรԫۍնԼԮයូԵᦞհࡳΔࠡؾऱܛڇַֆᇀࠃΕኘ ԳΕᆖԳፖै၌መۍ։հԼհՕैࣟᖇࠡچۯΔܓشփຝஒΔ၇ᔄैปאᒵٌ࣐հ
ֱڤቹܓΔᐙދᇷԳॾ֨ΔԯઝࠡᏁലࢬᆖᛎՂய࣠ូ᥆࣍ֆΔਚႊ၇ၞΕנഇैป հᎾΔ݁ࠠڶᇠֆছ૪փຝԳߪ։Δैปٌ࣐۩এڇքଡִհᒤփृΔܛߩᅝհΔࠀլ אࠡএ٣۩၇ၞ٦۩נഇࢨ٣۩נഇ٦۩၇ၞۖڶܑΖڼԫߠᇞፂԫᐉհקچೃ 90 ڣ္
84
ʳ ʳ ʳ ʳ ਊኔ೭ڇڰڣհ່ऄೃܒެΕຝ։۩ਙࠤᤩΔא֗ኙ࣍ᢞٌࢬኙ࣍ᒵ
ٌ࣐ូԵᦞհᓳֱڤΔ݁ႜٻࠟጤᎅհߠᇞΔྥૉᨠኘՂၲߠᇞհڣזΔ݁
اഏ 87 ڣհছࢬګΔڣזለڰΔط࣍ऄኔ೭ࠀآڶՕၦூٙڼԫᤜᠲΔ
ٍྤݮګࡳ٥ᢝΔਚᣄאංᓵኔ೭ਢܡ࿇سمհ᠏᧢ΖྥۖΔૉ৵ऄ ኔ೭ሖࠩڼԫംᠲհጊᆠழΔ݁ԫᄗאمऄؾऱ܂ᇞᤩഗᄷΔঞழរᎁࡳհઌ ᣂᤜᠲᚨᄎၞԫޡٻԫጤᎅᔾᡚΖೃܒެᓵ૪ႛࠩڼַΔࠀآ٦Ե൶ಘՕ
ैࣟፖփᒵٌ࣐հᣂএΖء֮ᎁΔݺഏ୮ගٞᄐۥለᖺΔՕैࣟܛࠌլኔᎾ
ፖֆᛜሎΔፖֆսڶയ֊հᣂᜤΔսڶઌᅝՕհᖲᄎא൷ᤛֆհփᒵ
ஒΔ۟ၞۖ۩փᒵٌ࣐հࠃΖᢞٌऄร 157 යհ 1 ٵᑌലै၌መۍ։հ ԼհՕैࣟᅝګփᒵٌ࣐ᒤ᧯Δਚאቃփᒵٌ࣐ؾऱհᒵٌ࣐ូԵᦞ ലՕैࣟԵᒤጠٽࡵհمऄΖԱኧᒵٌ࣐ូԵᦞհمऄؾऱΔە ၦݺഏऄࠀآڕٵભഏऄԫኙ࣍ՕैࣟፖᇀڶլٵհழរᎁࡳᒤΔਚլ։
ᇀࢨՕैࣟΔԫ৳ආ࠷ԫጤᎅհߠᇞΔۿለ౨ሒګمऄؾऱΖʳ
รԲႈʳ ᔞشড়᧯
ូԵᦞᔞشড়᧯ೈैป؆ΔٍଥऄᄅᏺԱࠠڶैᦞࢤᔆհڶᏝᢞࠦΔᣂ࣍ຍ ᣊڶᏝᢞࠦհᎁࡳᖂՈԱڍಘᓵΔྥۖڇء֮ࢬઔߒհܒެխΔՕڍᑇ հᒵٌ࣐ូԵᦞܒެΔࢬ௫֗հ۩ড়᧯݁ैปΔڶࠏ؆ृႛקچֱऄೃ
94ڣ८ڗร 31 ᇆܒެΕՓࣥ១࣐அ 94 ڣՓ១ڗร 1226 ᇆܒެΔא֗קچֱ
ऄೃ 99 ڣ८ڗร 41 ᇆܒެΖ൫ছࠟଡܒެհூࠏࠃኔΔႛਢփຝԳᒵٌ࣐ֆ
ैปא֗ױ᠏ངֆ႘Δೈڼհ؆ࠀྤܑհΔ۩Գೈآܡᎁ၇հࠃኔ
؆ΔࠡݼՈآಾኙैᦞࢤᔆڶᏝᢞࠦհࢤᔆڶࢬထᕠΖ
קچֱऄೃ 99 ڣ८ڗร 41 ᇆܒެঞএء֮ࢬઔߒհܒެխΔऄೃଈڻؘ
ႊಾኙڶᏝᢞࠦհᎁࡳ।قრߠհூࠏΖࠡࠃኔฃᘯΚܫܫհᇀࠃΔ࣍
ڗ 2219 ᇆܒެψࠟጤᎅωհߠᇞΖᆏᙕԫᐉܒެᓵ૪ڕՀΚψᢞٌ࣐ࠦऄรԫնԮයូԵᦞΰࢨ ጠኆ࠷ᦞαհࡳΞΞԯൎᓳ၇ၞΕנഇਬֆՂؑैปհᎾΔ݁Ꮑ۩Գࠠڶᇠֆছ૪փຝ Գߪ։Δא֗ࠡैปٌ࣐۩এڇքଡִհᒤփृΔܛߩᅝհωΖ
85
اഏ 98 ڣ 7 ִ 30 ֲ۟ٵڣ 9 ִ 30 ֲၴΔ၇ᔄطรԿԳ࿇۩Δۖאܫैป
ຑᑑऱհᎁᦞᢞΔᛧܓᄅኞ 180ʳ ᆄ 1548 ցΔᆖދঅխ֨װࠤܫᓮޣូ
Եᇠܓ墿آᛧڃᚨ৵Δܫא္ֱڤᓮޣូԵΖࠟທኙ࣍ܫհᇀࠃߪ։ڶ
ྤא֗ܫ၇Եᎁᦞᢞհ۩݁ྤञചΔਚञរڇ࣍ܫࢬ၇ᔄհᎁᦞᢞਢ ܡڶᢞٌऄร 157 යᔞشΖʳ
ʳ ʳ ʳ ʳ ऄೃଈ٣।ࣔΔᢞٌऄร 157 යհمऄؾऱΔڇ࣍ᚕॴփᒵٌ࣐Ζ࣍ඖ
ࣔᒵٌ࣐ូԵᦞհऄය৵।قψਚਢܡګمփᒵٌ࣐Δೈ۩ԳᏁএֆᇀ ࠃΕኘԳΕᆖԳࢨڶֆैٝ၌መ 10%ैࣟ؆ΔࡸᏁࢬ၇ᔄհᑑऱႊֆ
ࢬ࿇۩հՂؑैปࢨֆ࿇۩ࠠڶैᦞࢤᔆհࠡהڶᏝᢞࠦΔࡨߩᅝհωΖհ
৵ऄೃኙ࣍ᎁᦞᢞհऄ৳ࢤᔆڶڕՀհඖ૪Κψ܀ܫࢬ၇հߓञᎁᦞ ᢞΔএطցՕࠇဎᢞࠦैٝڶૻֆࢬ࿇۩Δ᜕ߓञᎁᦞᢞڂႛאܫհԫ ଡैᑑऱΔܫैปհᏝ܅ፖߓञᎁᦞᢞհᏝڶإઌᣂΔ܀ߓञᎁ
ᦞᢞਝॺܫࢬ࿇۩ΔܛፖছၲࡳڶၴΔਚܫ၇ߓञᎁᦞᢞհ۩ॺ᥆ փᒵٌ࣐Δܫ۞լࠉছ༿ऄයኙܫ۩ࠌូԵᦞωΖ!
ʳ ʳ ʳ ʳ ܫ֗ףԳᜰנತਙຝᢞࠦዄཚຄጥࡡᄎ 92 ڣ 2 ִ 24 ֲತᢞԿ ڗร 0920000717 ᇆࠤհߠᇞΔᎁֆփຝԳ၇ᔄψאࢬ᥆ֆैปഗ៕ᢞ
ࠦωհᎁᦞᢞΔᚨڶᢞٌ࣐ࠦऄร 157 යᔞشΖྥऄೃᎁᇠࠤᤩࢤᔆՂ᥆
࣍۩ਙঞΔኙऄೃࠀྤࣅޔԺΔൕۖܒެܫඓ္ᒔࡳ˅˃ˉΖʳ
!!!!ՂၲܒެᏅڶጊᆠհΔଈ٣Δᒵٌ࣐ូԵᦞհمऄؾऱڇ࣍ᚕॴփ ᒵٌ࣐ΔࡐॺྤᖕΔ൫ڼ৵հܒެ۩֮ΔྤᓵਢዌګٙհᎅࣔΔލࢨਢψܫ
၇ߓञᎁᦞᢞհ۩ॺ᥆փᒵٌ࣐Δܫ۞լࠉছ༿ऄයኙܫ۩ࠌូԵ ᦞωΔۿԫ٦ᒵٌ࣐ូԵᦞፖփᒵٌ࣐հᄗ࢚Ζྤᓵਢዌګٙհ ᇞᤩΕጥᖲᣂፖऄܒެΔࢨਢᖂհಘᓵΔൕآᦫፊᒵٌ࣐ូԵᦞհګم
ؘႊאփᒵٌ࣐հګمٙृΔભഏऄড়ᨠᎅհᔞشΔՈႛַ࣍ॺႚอٌ࣐
206 ءܒެএ 2011 ڣ 1 ִګΔএԫᄕᄅհܒެΖءூխऄೃࢴ൷࠹۩ਙᖲᣂհრߠΔᙇᖗ༼
נ۞ահრߠܒឰΔፖመװऄೃኙ࣍ጥᖲᣂߠᇞᅃ٤گհֱڤՕઌຕஅΖڶᣂ࣍ऄೃኙ࣍۩
ਙᖲᣂߠᇞհኪ৫ΔױߠءᆏรԿႈᅝխհտฯΖ
86
ழᏁܒឰڶྤփᒵஒܓشױ౨Δ۶אݺഏኔ೭ᄎ໌٤ᄅհᄗ࢚?ૉᒵٌ
࣐ូԵᦞհګمΔᏁᢀ࣍փᒵٌ࣐հګمΔڼழᒵٌ࣐ូԵᦞڕ۶౨ജᚕॴփ ᒵٌ࣐ΛᇠܒެૉॺొհᎄΔኔբኙ࣍ូԵᦞࠫ৫հمऄؾऱፖዌګٙհ ᣂএ࿇سᣤૹᎄᇞΖʳ
!!!ʳ ኙ࣍ᎁᦞᢞਢܡैᦞࢤᔆհڶᏝᢞࠦΔࢭᐉऄೃނ༽ᢞٌऄร 157 යร 6ႈࢬᘯψֆ࿇۩ωհ֮ᆠΔᎁᇠᎁᦞᢞࠀॺܫࢬ࿇۩Δਚፖ 157 යร 6ႈֆ࿇۩հैᦞࢤᔆڶᏝᢞࠦհࡳڶၴΔൕۖං۩ਙᖲᣂհߠᇞΔܒެ
ܫඓ္ΖছၲܒެطឈॺྤᖕΔྥطತਙຝᢞཚᄎ 86 ڣತᢞնڗร 03245 ᇆࠤհߠᇞױ࿇207Δጥᖲᣂኙ࣍ᎁ(ഇ)ᦞᢞઌᅝᣂࣹΔܑലࠡ٨Եᢞٌ
ऄհጥᑑऱᅝխΔૉྤךߩطΔ၉ྥലࠡඈೈ࣍ᒵٌ࣐ូԵᦞհᔞشᒤ
հ؆ΔஎڶᒤዥขسΖڼ؆Δط࿇۩ֆ۞࿇۩Գٍፖ۩հᎁഇ()ᦞ ᢞኔ೭ڶ੬ᤛհΔਚृᢥٵ္ףԳհ്Δܛૉൎലᎁᦞᢞૻࡳႊ
ط࿇۩ֆءߪࢬ࿇۩ृࡨڶូԵᦞհᔞشΔലທګᒤհૹՕዥΖʳ ലैᦞࢤᔆڶᏝᢞࠦૻࡳ࣍Ꮑֆ࿇۩ृΔֱڶᒵٌ࣐ូԵᦞհᔞشΔլ
ႛፖભഏऄհࡳڶࢬࣴฆΔՈፖݺഏփᒵٌ࣐ࢬᔞشհড়᧯ڶܑΖਊᢞٌऄร 157යհ 1 ࣔࡳփᒵٌ࣐հᔞشড়᧯ψᇠֆհՂؑࢨڇᢞࠦᛜᄐࢬ၇ᔄ հैปࢨࠡהࠠڶैᦞࢤᔆհڶᏝᢞࠦωΔᒵٌ࣐ូԵᦞհمऄؾऱڇ࣍
ַփᒵٌ࣐ΔԲࠫ৫ڶയ֊ᣂএΔڶᣂैᦞࢤᔆڶᏝᢞࠦհᎁࡳΔԲृঞٵᑌᔞ شᢞٌऄਜ۩าঞร 11 යร 1 ႈΔྥۖփᒵٌ࣐հᒤড়᧯থڶওૻ࣍ψֆ
࿇۩հैᦞࢤᔆڶᏝᢞࠦωΔᖄીᢞٌऄ 157 යፖ 157 යհ 1 ขسԱྤᘯհ
ᒤയ৫ᆵΙڇ८ᘜ࿇୶ݶຒհվ֚ΔطรԿֱ࿇۩հैᦞࢤᔆڶᏝᢞࠦॺ
ྤࢬፊΔଣૉመ৫ওૻैᦞࢤᔆڶᏝᢞࠦհᒤΔᄎທګᒤዥנΔਚء֮
ᎁΔآࠐᚨലᢞٌऄร 157 යร 6 ႈᅝխψᣂ࣍ֆ࿇۩ωܔೈΔחैᦞ
207 ࠡփ୲Κءຝբࠉᢞٌ࣐ࠦऄรքයรԫႈࡳுࡳΚψॺطᑑऱᢞࠦ࿇۩ֆࢬ࿇۩հᎁ
(ഇ)ᦞᢞΔࠡႥႃΕ࿇۩ፖٌ࣐ઌᣂࠃႈ݁ᚨ࠹ݺഏᢞࠦጥऄחհᒤΖωᓮᅃΖ֮
ױߠΚᢞࠦዄཚຄऄחܒᇞᇬߓอΔ
http://www.selaw.com.tw/scripts/Query1B.asp?no=3G00606%A1%5D86%A1%5E%A5x%B0%5D%
C3%D2%A1%5D%A4%AD%A1%5E++++++++++03245+++++++Δ(່৵ោᥦֲΚ2/20/2011)Ζ
87
88
ऄೃᎁࡳܫ၇ၞհֆ႘հ۩լฤٽॵයٌ࣐ٙհٙΔս᥆࣍ᤜᏝ၇ឰհ
ֱڤΔਚڶᒵٌ࣐ូԵᦞհᔞشΖʳ
!!!!Կૹ១࣐அ 96 ڣૹ՛ڗร 5044 ᇆܒެঞ௫ᢤፖ۩Ζܫֆದ္്
ֆᆖԳሔ֘ᒵٌ࣐ូԵᦞհࡳΔܫঞݼैٝএՠ։દԵै֗
ڶैٝհ։દΔֆᇀࠃ९ఽٍམܫवܫֆᢤፖࠡ 5 ്ैปאᇷ ݼΖऄೃ٣्ᎁ८ጥᄎא֗ᢞཚᄎࠤᤩհߠᇞ˅˄˃Δᎁڂᤉࢭڂై࠷Εփ ຝԳՠ։દैปΕֆփຝԳڂֆઆ塒᠏ᏺᇷΰܶՠદܓαΕ࠹ᨃֆհ
៲ैࢨ۩ࠌױ᠏ངֆ႘հ᠏ངᦞ࠷ֆैปΔ݁ॺᒵٌ࣐ូԵᦞࢬࡳ
ψ࠷ωհᒤΔլ٨ԵូԵܓ墿հૠጩᒤᡱΖۖ৵ᎁࡳٺႈᢞᖕ৵Δנܫ հैٝኔ࠹ᢤࢬհᓵΖٺႈᢞᖕխ່ૹृᇀࠃࢬႚಬܫհሽ
ၡٙΔࠡփ୲Κψֆᢤಬैปદܓ 5 ്܃Ζ1.ᓮ༼ࠎᢞࠦെᇆΔאലैป ႪԵΖ2.ᓮᢆᢞٌ࿔$323ΔᓮڇՀၜٌݺΙլᏁڬࢬ࿔Ζڼ᥆ᜲᇷᖲയΔ ᓮ֎ਜ਼ዥΖωΔܫኙ࣍ڼၡٙփ୲ٍլݼΔਚڼԫၡٙګऄೃᎁࡳܫݼ
এψ࠹ᢤፖω࠷ߓञैปΔএ᥆ڶᖕհૹᖇᖕΖʳ
ᨠኘՂ૪ܒެհᓵΔኔڶઌۿհΔܛቃ٣्ᎁጥᖲᣂኙ࣍ᒵٌ࣐ូ
Եᦞ۩ᇠᅝፖܡհߠᇞ৵Δലಘᓵհૹ֨࣋ڇߓञ۩ڶྤᇠᅝհᓳՂΖང ߢհΔএطጥᖲᣂެࡳࡳ۩ਢܡ᥆࣍ψ࠷Ε၇ၞΕᔄנωհᒤᡱΔۖऄ
ೃႛ៶طࠃኔᎁࡳΔܒឰଡூխڶྤጥᖲᣂࢬᎁࡳࢨඈೈհ۩ኪᑌנʳ Δ ऄೃءߪࠀآ༼נ۞ահܒឰᑑᄷܒΖࠉڼጟሎ܂ᑓڤΔኔᎾՂএطጥᖲᣂא
۩ਙࠤᤩհֱڤࡳᒵٌ࣐ូԵᦞհ۩ኪᑌΖʳ
ᨠូຂհംᠲΔאקچೃ 90 ڣ္ڗร 785 ᇆܒެհߠᇞז।Ζࠡࠃ ኔฃᘯΚᢞཚᄎದ္്ܫظא֗८ভ৬ٵ္؆Գ້ፋֆհᇀࠃΔ։ܑ
࣍քଡִփ၇ၞ້ፋֆհैปᛧܓΔ້ۖፋֆհᇀࠃ֗ኘԳآࠉऄ۩ࠌ
ᒵٌ࣐ូԵᦞΔܫኙ࣍ᢞཚᄎհ࿇ࠤԾᆜհլΔਚᢞཚᄎאैࣟߪ։ದ္ᓮ
210 ܒެࢬ༼֗ृץਔΚ८ጥᄎ(96)८ጥᢞԿڗร 0960048145 ᇆࠤΕ८ጥᄎ(95)८ጥᢞԿڗร 0950105394ᇆࠤΕᢞཚᄎ(91)ತᢞԿڗร 177669 ᇆࠤΖ
89
ޣലܓ墿ូԵ້ፋֆΖܫظঞאᢞլवբංऄԳᇀࠃז।ԳΔ࣍ڼࠃٙ
ࠀྤਚრࢨመ؈ݼΖʳ
ኙ࣍ܫظڶᣂ۞աࠀྤਚრመ؈հݼΔऄೃঞᎁΚψូԵᦞհمऄრ ڱፖࠡݾࢤᖲඳࢤᔞشհࢤΔٍլאᒵٌ࣐հփຝԳᨠՂڶױូຂࠃط
ؘΔܛ۩Գᨠհطլױ܂ඈೈᔞشᒵٌ࣐ᒤհࠉᖕΔܡঞܛڶ ሔءයᖲඳᔞشհءᔆΔਚڼԫࡳএԫᖲඳࢤհᔞشΔႛംփຝԳਢܡڶཚ
ၴփհ֘၇ᔄैป۩Δۖլא۩Գਢܡव൜Δԯ۟ֆਢܡڶآ༿հփ ຝஒٙΖΞΞ۟࣍փຝԳൕࠃٌ࣐۩ΔᨠՂਢܡڶਚრࢨመ؈Δލ ࢨਢܡڶլऄհრቹΔ݁ڇࢬլംΞΞωΙڼ؆່ऄೃ 99 ڣՂڗ 1838 ᇆܒ
ެխΔՈૹعԱઌۿრڱ˅˄˄Ζʳ
ʳ ʳ ʳ ʳ ছၲܒެܡࡳᨠូຂհؘႊࢤΔኙ࣍ڶྤܓشփᒵஒױ౨ࢤΔឈآڶᆜ
Δྥەၦܒެኔ೭Ղڕٵ۩ਙᖲᣂհߠᇞΔԫ٦ૹعᒵٌ࣐ូԵᦞᖲඳ֏ᔞ شհࢤۖߢΔۿႜٻܡࡳאܓشփᒵஒױ౨ࢤհٙඈೈᒵٌ࣐ូԵᦞຂ
ٚΖൕۖطݺഏ۩ऄࠫሎ܂ۖߢΔႛ౨ٛᘸ۩ਙᖲᣂհࠤᤩΔ൳ࠫᒵٌ࣐ូ
Եᦞᔞش۩հᒤΖʳ
รႈʳ ܓ墿ૠጩ
!!!!!ڶᣂ࣍ូԵܓ墿հૠጩΔ۩ऄএᖕᢞٌऄਜ۩าঞร 11 යΔආش່
ᔄᏝ່྇܅ᔄᏝऄૠጩូԵܓ墿Δྥۖڶᣂڼႈࡳڶྤማ။ئऄհᤜᠲΔೈམ ᆖᖂಘᓵ؆ΔٍኚኚګܒެհૹञរΔጠᒵٌ࣐ូԵᦞዌګٙխ
່ൄܫࢬञചृΖڼ؆ΔٍڶૉեூٙհܫΔאᒵٌ࣐ኔᎾՂࠀྤᛧ墿
طݼΖۖᣂ࣍ՂၲംᠲΔٺ్ऄೃߠᇞԫીΔլᎁᢞٌऄਜ۩าঞร 11යڶማ။ئऄհᦞᒤΔኙ࣍ܫྤኔᎾᛧ墿հݼঞ݁ᎁྤطΖ
211 ᆏᙕઌᣂᓵ૪ڕՀΚΞΞႛႊᇠՕैࣟڶڇཚၴփ֘၇ᔄैปհ۩Δֆܛኙհ۩
ࠌՂၲࡳհូԵᦞΔॣլംࠡڶྤፖֆᆖᛜࢨൕࠃփᒵٌ࣐ࢨլᅝ۩Ζ
90
ڶᣂᢞٌऄਜ۩าঞร 11 ය⾂။ئऄፖܡհञរΔམנ࣍Հ٨ঞܒެ
ᅝխΚקچֱऄೃ 90 ڣ္ڗร 785 ᇆܒެΕኦ֏چֱऄೃ 90 ڣ္ڗร 674 ᇆܒެΕऄೃ 88 ڣՂޓԫڗร 33 ᇆܒެΕऄೃ 88 ڣՂޓԫ ڗร 33 ᇆܒެΕऄೃ 87 ڣૹՂڗร 93 ᇆܒެΖط࣍ଡܒެհᓵ
ᄕઌۿΔਚאՀႛᆏᙕऄೃ 87 ڣૹՂڗร 93 ᇆܒެհփ୲ז।Κ ψΞΞᢞٌ࣐ࠦऄรԫۍնԼԮයհمऄრڱፖؾऱΔএڂ࿇۩ैปֆհᇀ
ࠃΕᆖԳፖՕैࣟֆփຝԳΔڂࠡ೭ࢨچۯΔኙ࣍ֆࡸآኙ؆ֆၲ༿
ીԫދᇷԳྤऄᛧ൜հૹᇷಛऱ࠷ΔፖԫދᇷԳ࣍ءᔆՂլؓհ چۯΔૉٚڼֆփຝԳڇؑՂፖԫދᇷԳၞ۩ٌ࣐ΔࠡءᔆՂܛॺֆ
ؓΔٍലჾ୭ދᇷԳኙᢞࠦؑֆؓࢤհॾᘸΔၞۖރවٽދᇷԳፖᢞࠦؑ
հრᣋΔਚޣᇷءؑ࿇ཀפ౨Δ٤఼ٌ࣐ݧ֗ףൎދᇷԳॾ֨Δᣤچ ଷኆֆփຝԳᒵٌ࣐հࢬڶܓΔሗॴփຝԳᒵٌ࣐ΔٵழΔٍཚܓشڼ
ࠫ৫ᖲඳࢤᔞشհঞΔᇞެᜰᢞܺᣄऱംᠲΔۖگࠃছַփᒵٌ࣐հய࣠Δ ਚ࣍ૠጩᢞٌ࣐ࠦऄรԫۍնԼԮයᒵٌ࣐ូԵᦞᠰ৫ழΔᚨᅝྥᔞشᢞٌࠦ
࣐ऄਜ۩าঞรԼԫයհૠጩֱڤΔࠀլڂਢܡ౨ૠጩנᒵٌ࣐ԳኔᎾᛧܓ८ ᠰΔۖެࡳਢܡᔞشᇠࡳΔٍܛֆփຝԳൕࠃᒵٌ࣐հ၇ᔄᏝࢬհ ܓ墿Δএא່ᔄᏝ່྇܅၇ᏝऄΔᣤૠጩֱڤאᛧ࠷ᒵٌ࣐Ꮭհ່Օ
ᠰΔࠌֆփຝԳ֧אݹΔٌ࣐۟Գਢܡڂᒵٌ࣐ᛧڶኔᎾՂհܓ墿Δঞ ڇࢬլംΔࠡࣔΞΞωΖ!
!!!!Ղၲܒެኙ࣍ᒵٌ࣐ូԵᦞمऄؾऱא֗ូԵܓ墿ૠጩֱڤհආشᒴط ሰาᣇᙊղאᎅࣔΔփ୲ٍڶ֊խڱΔਊ່ᔄᏝ່྇܅၇Ꮭૠጩऄ۩հڶ ڣΔٍฤٽᒵٌ࣐ូԵᦞհᒤءڱΔ᥆ԫ೭ኔհૠጩֱڤΖ൫۩ऄհऄᄭ ࠉᖕࠐ۞ᢞٌऄਜ۩าঞ 11 යΔઌۿञᤜսլழ࿇سΔਚ۩ࡳսڶᛀಘհ
ؘΖᝩ܍ጊᆠԫ٦ขسΔمऄृױەᐞ࣍ଥऄழലܓ墿ૠጩհֱڤࣔࡳ࣍ᢞ
ٌऄئऄᅝխΖ!
91
รնႈʳ ࠡהञᤜʳ
ʳ ʳ ʳ ʳ ᒵٌ࣐ូԵᦞዌګٙհࠡהञᤜႃխڇڶྤૡم܍ࡳհؘ
Δא֗ូԵᦞհࢤᔆംᠲΖᣂ࣍ছृΔڇء֮ࢬઔߒհܒެխΔࠀآ࿇ڶᣊ ۿ࣍ભഏऄՂ܍ូԵᦞᔞشհঞʻRuleʼࢬࡳհൣࠃΖʳ
ʳ ʳ ʳ ʳ ᒵٌ࣐ូԵᦞհࢤᔆΔڶݮګᦞፖᓮޣᦞԲᎅհञΖקچֱऄೃ 97 ڣ ૹ္ڗร 213 ᇆࣔᒔආ࠷ݮګᦞᎅΔྥآॵٚ۶طΙऄೃ 88 Ղڗ 1530 ᇆܒެא່֗ऄೃ 99 Ղ 1838 ᇆܒެឈآऴ൷༼ࠩڼԫംᠲΔྥۖኙ࣍ᒵ
ٌ࣐ូԵᦞհԲڣࡳΔ݁אழயጠհΔᚨႜٻආ࠷ᓮޣᦞᎅΔ൫ս֟ݙᖞհ ᓵ૪Ζʳ
รնᆏʳ ՛ʳ
ʳ ʳ ʳ ʳ ᖞ᧯ۖߢΔᖂኙ࣍ᒵٌ࣐ូԵᦞዌګٙհಘᓵΔ౨ജڇء֮ࢬઔߒհ ܒެխބࠩઌۿூࠏृࠀլڍΖࠡխΔூࠏ່ڍऱΔএᒵٌ࣐ូԵᦞូԵܓ墿 հૠጩֱڤΔܑਢ۩ऄՀհ່ᔄᏝ່྇܅၇ᏝऄհࡳΔڶྤማ။ئऄ
ᦞհംᠲΔኚڻګܒެᅝխհૹञរΖʳ
ʳ ʳ ʳ ʳ ञរ௫֗ᒵٌ࣐ូԵᦞᔞش᧯հܒެᑇլ֟Δྥᖂထᕠለհߪ։
ᎁࡳംᠲᄕ֟ګञរΔ᜕௫֗ઌᣂᤜᠲΔՈאొऱࠃኔᎁࡳΔآߠለᓤ ᠧհᓵ൶ಘΔ֘ۖਢለݾࢤΕาᆏࢤհᒵٌ࣐ូԵᦞ᧯ᤜᠲנ᙮ለ
Ζڼ؆Δڶᣂ࣍փຝԳߪ։հழរᎁࡳΔૉեܒެڶச࣍ڰڣආ࠷ࠟጤᎅհم
ΔૹᄅٻԫጤᎅႜΔڼԫ࿇୶ႨଖܠԳإီΖʳ
ʳ ʳ ʳ ʳ ᒵٌ࣐ូԵᦞᔞشড়᧯հംᠲΔ࣍ء֮ࢬઔߒհܒެխࡸ࣍နॕၸΔ
ႛڶԫٙܒެለԵᤛ֗ڼԫᏆΔྥۖآࠐৰױ౨ᄎګኔ೭ՂૹհംᠲΙ
ۖᒵٌ࣐ូԵᦞհᔞش۩ᤜᠲΔڇ۩հኔ೭ሎ܂ՀΔጥᖲᣂհߠᇞթਢ టإᐙߓञ۩ਢܡᇠᅝ࠷Ε၇ၞΕᔄנհᣂΔऄೃএمߩ्࣍ࡳጥᖲ ᣂߠᇞհছ༼ՀΔࠃኔᎁࡳհՠ܂ΖۖᨠូຂհംᠲΔऄೃኔ೭ڕٵਬࠄ۩
ਙࠤᤩհߠᇞΔԫ٦ൎᓳᒵٌ࣐ូԵᦞᖲඳࢤΕড়ᨠࢤᔞشհរΔྥۖࡸآ
92
࿇୶נᒵٌ࣐ូԵᦞᔞش۩ԫ֏հᐉֱڤΙᣂ࣍ࠡהञᤜֱ૿Δऄኔ ೭Ղຟᝫ࣍࿇୶णኪΔᠦࡳߠᇞנᝫڶԫࡳ၏ᠦΖʳ
รີʳ ʳ ᒵٌ࣐ូԵᦞऄኔ೭उհኔᢞઔߒʳ รԫᆏʳ ʳ ᄗ૪ʳ
ʳ ʳ ʳ ʳ ʳ ءີᆏᚵאܒެኙွΔ൶ಘᒵٌ࣐ូԵᦞհऄኔ೭उΖࢬઔߒհ ܒެᒤፖՂԫີݙ٤ઌٵΔઔߒֱऄՈᣊۿΔط܂ृᔹᦰܒެհ৵܂ូᖞ
Δၞ۩ඖ૪อૠհֱڤΔᇢቹኙ࣍۩ូԵᦞܒެհூٙᣊীΕᑑऱ८ᠰΕञ រፖᢞᖕΔא֗ދঅቸ᧯հፖΔԫॣ൶ࢤհᇞΖʳ
รԲᆏʳ ʳ ઔߒ࣠
ʳรԫႈʳ ூٙᣊীʳ
ʳ ʳ ʳ ʳ ڶᣂூٙᣊীհ։ᣊΔڶٺጟլٵ૿ઌհᨠኘֱڤΖאᔞشհ္࿓ݧ۶
܂։Δױ։ຏൄ္࿓ݧΕ១္࣐࿓ݧΕ՛ᠰ္࿓ݧԿᣊীհூٙΔ ڼጟ։ᣊֱڤڇছ༿รԿີรԫᆏᅝխբڶ༼֗ΔڼႛএኙᅃەၦΔૹᄅലছ
༿ີᆏࢬᖞհቹ 1 ڜ༺࣍ڼΖʳ
ቹ 1Κூٙᔞشຏൄ္࿓ݧΕ១္࣐࿓ݧፖ՛ᠰ္࿓ݧհֺࠏፖٙᑇ
ʳ
ʳ ʳ ʳ ʳ ᣂ࣍ᒵٌ࣐ូԵᦞܒެհ္հጟᣊΔەၦ࣠հࣔᒔࢤΔء֮ᙇᖗאรԫ ᐉհ 20 ٙܒެᨠኘኙွΖࠡ࣠ױߠቹ 17Ζʳ
ቹ 17Κรԫᐉܒެհ္հጟᣊʳ
93
ʳ
ʳ ʳ ʳ ʳ ڕቹ 17 ࢬقΔԫڕรԲີᅝխհΔᒵٌ࣐ូԵᦞܒެᅝխΔבհ
္۾ᚘଙࢤڍᑇΔ20 ٙܒެխႛڶ 1 ٙ᥆࣍ᒔᎁհ္˅˄˅Ёᄅؑ១࣐அ 93 ڣᄅ១ ڗร 485 ᇆܒެΖࠡூٙࠃኔฃᘯΚܫএܫֆհᆖԳΔࠡ࣍اഏ 92 ڣ 7ִ۟ٵڣ 12 ִ၇ᔄܫֆհैปԫᆄैΔྥܫ։ܑא၇ᔄࠀྤᛧܓΔא
֗ैป࠷এᄭ࣍આ塒։֗ՠ։દΔॺ۞ႃխٌ࣐ؑࢨᢞࠦᛜᄐࢬ၇
ၞۖ࠷Δ്ۖܫኙܫհᒵٌ࣐ូԵᦞլژڇΖܫհݼ່ึऄೃ
ࢬ൷࠹Δਚᛧ္ܒެΖءூ৵ᆖॺԫᐉᅝࠃԳࢨףԳհދঅխ֨א۞աټ ᆠ༼ದՂ္Δ൫ԲᐉऄೃᎁࡳՂ္Գլٽ່ऄೃ 17 ڣՂڗร 1119 ᇆܒࠏհ
ࡳ324Δ᜕ࠌՂ္ԳࠠՂ္ᇷΔՂ္Գս⾂။Ղ္ཚၴֱ༼ದՂ္ΔਚԲᐉऄ
ೃאՂ္լٽऄطᏍڃءூՂ္Ζ!
!!ʳ ʳ ছၲᄅؑ១࣐அ 93 ڣᄅ១ڗร 485 ᇆܒެএ္؆Գދঅխ֨װࠤܫΔܫ वܫֆܫڶ၇ᔄैป 10000 ैԫࠃΔࠉऄૠጩᛧڶᏝ 438,761 ցΔᓮ
ܫֆኙܫ۩ࠌᒵٌ࣐ូԵᦞ৵Δܫၞۖᙇᖗא༼ದᒔᎁհ္ܡࡳ
ܫֆᒵٌ࣐ូԵᦞհژڇΔࢤᔆՂፖֆ۞۩ࢨطैࣟזۯֆٻփຝԳᓮ ޣូԵܓ墿ڶܑΔڍᑇܒެս༼ದאבհ္ՕࡲΖʳ
212 ૉᇡาᔹᦰփ֮ױ࿇קچֱऄೃ 89 ڣ္ڗ 4801 ᇆܒެፖছ༿հקچೃ 90 ڣ္ڗ 2219 ᇆܒެհહནࠃኔፖܫݙ٤ઌٵΔྥۖᇠܒެຏᒧآ༼֗ᢞٌऄ 157 යհڗณΔࠡփ୲Ոೣ
ٻࡡٚᣂএژܡհᒔᎁΔਚڼԫܒެࠀآ٨ԵઔߒᒤᅝխΖ
˅˄ˆʳ ᇠܒࠏ٤֮ΚՂ္Գឈآᆖܒ٨ᅝࠃԳΔྥܒਝኙհլܓ墿հဪܒΔ۞ᚨࠡ༼
ದՂ္Ζʳ
94
ʳ ʳ ʳ ʳ ದ္ؾऱএԫጟ։ᣊ૿ઌΔᔆߢհΔ᜕এ༼ದבհ္Δܒެխམ༼֗
ψᢞٌ࣐ࠦऄรԫۍնԼԮයωΔսᣄאឰߢܫದ္հؾऱ۩ࠌᒵٌ࣐ូ
ԵᦞΖء֮ڼԫംᠲΔאՀ٨ֱڤၞ۩ܒެᖞΚଈ٣Δലܒެհூطղ אᖞΔԫॣޡհᨠኘΙࠡڻΔ٦ಾኙփ֮ၞ۩ᔹᦰፖֺለΔᇢቹԱᇞܫట إհದ္ؾऱΖʳ
ʳ ʳ ʳ ʳ ʳ ࣠ڕٵ।քፖቹ 18 ࢬقΔٺጟבհ္հூطխΔ۩ࠌᒵٌ࣐ូԵᦞ
ᑇၦ່ڍհூطΔ۾ԫᐉܒެ᜔ᑇհ 68иΔૉףՂזۯ۩ࠌូԵᦞհܒެΔ ঞሒࠩ 74иհڍ˅˄ˇΖʳ
।քΚรԫᐉבհ္ூطอૠʳ
ூطʳ ʳ ܒެٙᑇʳ
۩ࠌូԵᦞ˅˄ˈʳ 13
זۯ۩ࠌូԵᦞʳ 1
१ᝫ၇ᔄैปࢬᛧܓ墿ʳ 1
१ᝫլᅝܓʳ 1
ٌבլऄܓ墿ࢬʳ 1
堚ᚍ႘೭ʳ 1
१ᝫܓ墿ʳ 1
ቹ 18Κรԫᐉבհ္ூطิګʳ
214 ط࣍ࠀآڶ࿇ऄೃᎁᒵٌ࣐ូԵᦞזۯ္Ꮑᔞشֆऄร 214 යհٙΔࢬאᣂ࣍
ຍଡຝ։լ؆Δႛٌז࣍ڼΖ
˅˄ˈʳ ࠡխԫٙܒެհூطΚ۩ࠌូԵᦞΔױߠΚႂچֱऄೃ 89 ڣ္ڗร 2916 ᇆܒެΖʳ
95
ʳ
ૉาᨠܒެփ֮ঞױ࿇Δڬೈছࢬ༼հᒔᎁհ္ܒެ৵Δ塒Հհ 19 ٙ
בհ္ܒެΔႛڶூط堚ᚍ႘೭հቯᆠچֱऄೃ 88 ڣૹ္ڗ 143 ᇆܒެլ ऴ൷௫֗ᒵܓ墿հូԵ˅˄ˉΔࠡ塒ܒެ݁ፖូԵփຝԳᒵٌ࣐ࢬڶᣂΖאء
֮ࢬઔߒհܒެۖߢΔፖᒵٌ࣐ូԵᦞڶᣂհூٙΔૉߨԵ္࿓ݧΔܫ
ؾऱڍᓮޣូԵփຝԳհᒵᛧܓΖڼ؆Δࠀآ࿇ڶ֧شᢞٌऄร 157 යร 3 ႈհூٙנΖʳ
ڻঞٽছ૪հඓ္णउٌՐֺኙΖਊรԫᐉհ 20 ٙூٙխΔႛڶ 4
ٙூٙܫ္Δբڕছ૪ʻቹ 15 ᅃʼΖՂၲ 4 ٙூٙխΔڶ 1 ٙਢூط
堚ᚍ႘೭Δփ୲լऴ൷ፖܓ墿հូԵઌᣂհቯᆠچֱऄೃ 88 ڣૹ္ڗ 143 ᇆ ܒެΔངߢհΔڕቹ 19 ࢬقΔ18 ٙፖូԵփຝԳᛧܓڶᣂհூٙΔܫ္ृ
٥ 15 ٙΔ۾ 83иΙܫ္ृঞႛڶ 3 ٙΔ۾ 17иΖʳ
ቹ 19ΚូԵփຝԳᒵٌ࣐ᛧܓհ္ூٙิګʳ
˅˄ˉʳ ᇠܒެհூࠏࠃኔ௫ૹᖞ࿓ݧڶྤݙګΔא֗ូԵᦞհૹᖞ႘ᦞսܡ്հംᠲΖʳ
96
ʳ
ڇᔹᦰܒެ֮ழΔڶԫრ؆հ࿇ΔܛԫທᓵܒެֺࠏᄕΖࢬᘯԫທ
ᓵܒެΔএਐऄೃࠉᅝࠃԳᜢᓮࢨࠉᦞΔ࣍ᅝࠃԳհԫທլࠩழΔႛאԫທ հᓵۖܒެृΔاࠃ္ऄร 385 යᅃΖڕቹ 20 ࢬقΔאรԫᐉհ 20
ٙܒެۖߢΔ٥ڶ 8 ٙএࠉᅃܫᜢᓮΔطࠡԫທᓵۖܒެΔ۾᜔ᑇհ 40 иΙڶԫٙܫឈآᜢᓮԫທᓵܒެΔྥܫآ࣍ߢဲᓵཚֲࠩΔٍآ
༼נᄷໂण܂۶ᜢࣔࢨຫ૪ΔኔᔆՂբԫທᓵܒެ328Ζ!
ቹ 20Κԫທᓵܒެ࣍ᒵٌ࣐ូԵᦞԫᐉܒެխࢬ۾ֺࠏʳ
ʳ
ʳ ʳ ʳ ʳ ٽԫທᓵܒެא֗ছၲದ္ؾԲृٌՐֺኙ৵Δࠡ࣠ڕቹ 21Ζط ছኙ࣍ூطհᎅࣔױ࿇ΔԫທᓵܒެհூطΔ݁ፖᒵٌ࣐ܓ墿հូԵڶ ᣂΖਊԫທᓵܒެΔኙ࣍آຫ૪հԫֱۖߢΔඓ္ᖲᄕΔਚ۾ᒵٌ࣐ូ
217 ױߠΚᄅێچֱऄೃ 94 ڣ္ڗร 189 ᇆܒެΖ
97
ԵᦞூٙՕࡲհᓮޣូԵᒵܓ墿հூٙΔڶઌᅝֺࠏএܫհԫທᓵܒެ
ֺࠏΔڼԫွਬ࿓৫ᚨױᎅࣔ۶אڇᒵٌ࣐ូԵᦞூٙխΔܫհԫᐉ္
Օ࣍ܫΖྥۖΔء֮ࢬઔߒհܒެխΔսڶܫஂΔܫᜢᓮԫທᓵ ܒެᛧΔྥ່ۖึਢܫᛧ္հூٙژڇ˅˄ˋΖʳ
ቹ 21Κԫທᓵܒެհூطิګʳ
ʳ
ਊܫૉחܫᜢᓮԫທᓵܒެᛧΔኔະ۞ߪ࣍ᄕլܓհणኪᅝխΖ
ᒵٌ࣐ូԵᦞڶڕڼֺࠏհԫທᓵܒެขسΔࠡહ৵ڂଖܠԳ৸Δڼ
ംᠲലఎৱรնີ٦ᇡา൶ಘΔ࣍౿լ᠇Ζʳ
รԲႈʳ ᑑऱ८ᠰ
ʳ!!!!
ᣂ࣍ᒵٌ࣐ូԵᦞܒެհᑑऱ८ᠰΔء֮ᚵאᑇଡ૿ઌᨠኘΚᓮޣ८ᠰΕ ܒެ८ᠰΕ८ᠰႈؾΔאՀঞ։ܑ൶ಘհΖڇ܂ऄՂΔૉܒެ௫֗٥ٵ္Δۖڶլٵᓮޣ८ᠰழΔঞီࠟᇷற։ܑૠԵΖ؆ΔەၦܒެᑌءᑇΔء֮א ඖ૪อૠհઔߒֱڤΖʳ
ʳ ʳ ʳ ʳ ᓮޣ८ᠰֱ૿Δط࣍Ղ္ᐉூٙխΔࠀآڶ္հ᧢ޓಳףൣࠃ࿇سΔਚႛ
אรԫᐉհᇷறΔլอૠՂ္ᐉΖਊܫ࣍ԫᐉխࢬᓮޣհ८ᠰΔࠡ࣠
ڕ।ԮࢬقΖࢬڶூٙհؓ݁ᓮޣ८ᠰપ 724 ᆄցΕխۯᑇપ 60 ᆄցΖૉאᔞ ش࿓ݧۖߢΔຏൄ္ூٙհؓ݁ᓮޣ८ᠰપ 987 ᆄցΕխۯᑇપ 163 ᆄցΙ១
218 ױߠΚႂچֱऄೃ 89 ڣ္ڗร 3007 ᇆܒެΔڼԫܒެڇءᆏรႈխڶለᇡาհտฯΖ
98
္࣐ூٙհؓ݁ᓮޣ८ᠰપ 9 ᆄ 8 ՏցΕխۯᑇપ 12 ᆄցΖಾኙԫທᓵܒ
ެΔء֮Ո։ܑಾኙ٤ຝூٙא֗༉ࢬᔞشհ࿓ݧ։ܑנอૠΔط࣠ۖߢΔ ٤ຝհԫທᓵܒެΔא֗ᔞشຏൄ࿓ݧհԫທᓵܒެΔઌለ࣍٤ຝհԫᐉூ
ٙፖຏൄ࿓ݧூٙΔྤᓵਢጩᑇؓ݁ᑇࢨխۯᑇհଖ݁ለ՛Δྥۖڇ១࣐࿓ݧ խΔ֘ۖਢԫທᓵܒެհጩᑇؓ݁ᑇፖխۯᑇհଖለՕΖʳ
।ԮΚԫᐉᓮޣ८ᠰᖞ।!!!!
ܒެᣊী ጩᑇؓ݁ᑇ խۯᑇ ᑑᄷ
ຏൄ࿓ݧԫᐉ 9,874,209 1,632,792 25,247,618 ១࣐࿓ݧԫᐉ 98,119 115,493 55,625 ԫທᓵԫᐉ 2,353,693 237,602 4,972,550 ຏൄ࿓ݧԫທ
ᓵԫᐉ
4,217,680 2,203,051 6,346,495
១࣐࿓ݧԫທ
ᓵԫᐉ
116,910 126,496 49,718.93
٤ຝூٙԫᐉ 7,242,185 602,499 21,874,977
!!!!ԫଡᨠኘ૿ઌΔૉܫᛧᒵٌ࣐ូԵᦞԫᐉհ္ܒެΔऄೃհܒ
ެ८ᠰ۶Λᇠܒެ८ᠰፖܫհᓮޣ८ᠰၴᆵڶڍՕΛᣂ࣍ڼԫംᠲΔء֮
ቫᇢאψᛧᚍωհਐᑑΔࠐ༈ޣᇞΖਊψᛧᚍω(recovery rate)Δএאܫ
༼נհᓮޣ८ᠰ։ئΔࠀא္ܒެխऄೃࢬܒհ८ᠰ։Ζࠏڕܫૉ
ದ္ᓮޣូԵ 1000 ᆄցΔۖऄೃܒެܫ္Δ८ᠰ 900 ᆄցΔڼழᛧᚍ
90и˅˄ˌΖਚല္ܒެհᓮޣ८ᠰף᜔܂։ئΔࠀലܒެ८ᠰף᜔։
৵ΔױࠡᛧᚍΖૉᑇႈᓮޣխΔڶຝ։ᏍڃΔսီ္ܒެૠጩΖʳ
219 ڶᣂᛧᚍڇऄ৳֮խհᚨشΔױߠΚ႓ഏ࣑ΕຫஐؓΕࣥൄॹ(2009)Δτ໎ᇷञᤜ࠰ᓳ
࿓ݧհኔᢞઔߒ──אψਙࢌ࠰ᓳωፖψاၴ࠰ᓳωհֺለխ֨υΔπխઔೃऄᖂཚעρรԮཚΔ
235-238Ζ
99
ࠡ࣠ط।Զױ堚ᄑ࿇Δೈຝ։հຏൄ࿓ݧூٙ؆Δܫࢬ࠷հԫᐉ
္ܒެΔᓮޣ८ᠰ༓ݙ٤ऄೃࢬ൷࠹ΔᛧᚍᄕΖܑਢ១࣐ܒެհᛧᚍ
ሒ 100иΔೈԫٙܒެܫ္ΔآԵૠጩ؆˅˅˃Δࠡ塒հܒެլႛ݁ܫ
္ΔܫհᓮޣՈ٤ᑇऄೃࢬ्ᎁΖʳ
۟࣍Ղ္ᐉֱ૿ΔՂ္ԳՂ္ګפृႛऄೃ 88 ڣՂڗร 1530 ᇆܒ
ެΔᇠܒެᐒඵԫᐉ࣠ΔޏܒԫᐉհܫᛧΔਚڇڼլૠጩՂ္ᐉհᛧ ᚍΖʳ
।ԶΚԫᐉܒެհᛧᚍ।ʳ ܒެᣊী ᛧᚍ
ຏൄ࿓ݧԫᐉ 83.2080и ១࣐࿓ݧԫᐉ 100и ԫທᓵԫᐉ 100и ຏൄ࿓ݧԫທ
ᓵԫᐉ
100и
១࣐࿓ݧԫທ
ᓵԫᐉ
100и
٤ຝூٙԫᐉ 97.2и
ʳ ʳ ່৵Δᣂ࣍८ᠰႈؾՂΔᔹᦰܒެ֮հ৵ױ࿇Δܫࢬᓮޣհփ୲ႛץਔ ڬೈ၇ᔄࢬ֭בᢞࠦհ֫ᥛ၄֗ᢞٌ࣐ࠦ࿔৵ૠጩۖհូԵܓ墿Δא֗ࠉا ऄรԲۍሿԿයࢬࡳڣܓۍ։հնૠጩհऄࡳܓஒΔࠀآ࿇ڶᓮޣ৳ஃ၄ հ८ᠰႈؾΖʳ
รԿႈʳ ᢞᖕፖञរ
ʳ220 ߠΚԿૹ១࣐அ 96 ڣૹ՛ڗร 5044 ᇆܒެΖ
100
ءີᆏᚵ൶ಘऄೃᎁࡳլٵࠃኔࢬᖇ៶հᢞᖕΕ௫ᜰᢞຂٚհৱᢞࠃኔΔ א֗ଡூञរ۶ΔאՀᚵ։ܑᓵ૪Ζ
ᖞ᧯ۖߢΔৱᢞࠃኔհސΕᢞᖕհᄄ಼Δא֗ᜰᢞຂٚհᤜᠲΔڇᒵٌ
࣐ូԵᦞூٙ౧ՀհಘᓵࠀլጩΖଈ٣Δᒵٌ࣐ូԵᦞூٙհԫທᓵ ܒެֺࠏΔՈڶԫࡳֺࠏհ១࣐ܒެூٙژڇΔՂၲࠟᣊܒެΔኙ࣍ᢞᖕઌ ᣂᤜᠲհಘᓵཏሙೣٻ១ฃΙࠡڻΔᒵٌ࣐ូԵᦞհٙࠀլ಼ᨠڂైΔ
݁ড়ᨠٙΔઌኙۖߢݼ़ၴለ՛Ζ
ྥۖܒެ֮հփ୲խսױ࿇ߠऄೃኙ࣍ൄش࣍ᎁࡳዌګٙհᢞᖕᣊীΖૉ
གشء֮ኙ࣍ᒵٌ࣐ូԵᦞዌګٙհ։ᣊֱڤЁᔞش᧯Εᔞشড়᧯Εᔞش
۩Εܓ墿ૠጩΕࠡהञᤜΔױ࿇ڶᣂᔞش᧯ΔڍאփຝԳֆհ࿆ಖᇷற
܂۸ᢞΙᔞشড়᧯ፖᔞش۩ঞٛᘸܫհैᢞࣔΔא֗ᢞٌ࣐ࠦࢬ༼
ࠎհܫٌ࣐ࣔาΙܓ墿ૠጩംᠲܫڍ༼ࠎࠡ۞۩ࢨطދঅቸ᧯ࢬګհᒵ
ٌ࣐ܓ墿ૠጩࣔา।ࠎऄೃᎁࡳᒵܓ墿հᑇᠰ332Ζ!
!!!!ڇء֮ࢬઔߒհܒެխΔࠀآ࿇ڶࢭᐉऄೃܑ֧شᜰᢞຂٚհࡳګ ܒެΖڼ؆Δᣂ࣍ܒެհञរΔբ࣍ছԫີᆏ൶ಘᒵٌ࣐ᦞዌګٙழڍ ڶ༼֗Δਚլ٦᠇૪Ζڼ؆Δྤᓵຏൄூٙࢨ១࣐ூٙΔऄೃࣔᒔរנءூञរΔ א֗ಖሉլञചࠃႈհܒެࢬڇڍڶΔطਢᨠհΔञរᐉհᄗ࢚ۿբዶຘᒵ
ٌ࣐ូԵᦞூٙհխΔڼԫွኙ࣍ဪܒᔆۖߢᚨڶإ૿ᚥܗΖʳ
รႈʳ ދঅቸ᧯ʳ
ދঅቸ᧯ڇᒵٌ࣐ូԵᦞ္խڶࠟጟፖᑓڤΚ༼ದזۯ္ࢨਢ ᖜ္ٚףԳΖቹ 22 ދঅቸ᧯ࢬፖհᒵٌ࣐ូԵᦞܒެ۾᜔ᑌءհֺ
221 ለࣔᒔ٨נᢞᖕ٨।հܒެΚקچೃ 90 ڣ္ڗร 2219 ᇆܒެΕקچೃ 90 ڣ္ڗ 785 ᇆܒެΕקچೃ 90 ڣ္ڗ 787 ᇆܒެΕקچೃ 87 ڣ္ڗร 1695 ᇆܒެΕኦ֏چೃ 90 ڣ္
ڗ 674 ᇆܒެΕႂچೃ 89 ڣ္ڗร 2916 ᇆܒެΖ
101
ࠏΔױנދঅխ֨ፖԱ 15 ٙܒެΔ۾᜔ᑇհ 48%Ζቹ 23 ঞམፖᒵٌ
࣐ូԵᦞܒެհދঅቸ᧯Δאދঅխ֨հፖհூٙለڍΖڶᣂދঅቸ᧯ڇᒵ
ٌ࣐ូԵᦞܒެխհፖֱڤΔڕቹ 24 ࢬقΔՕڍᑇհூٙএދঅխ֨אै
ࣟհߪ։༼ದזۯ္Δႛڶ 4 ٙூٙආش္ףհֱڤΖ
ቹ 22Κދঅቸ᧯ፖհᒵٌ࣐ូԵᦞܒެ۾᜔ᑌءֺࠏ
ቹ 23Κፖᒵٌ࣐ូԵᦞܒެհދঅቸ᧯
ቹ 24Κދঅቸ᧯հܒެፖֱڤ
102
ඓ္հൣࠃՂΔԫڕࠡהܫΔᅝދঅቸ᧯ࡺ࣍ܫچۯழΔធ֟ᛧඓ
္ܒެΔࠏ؆ृႂچֱऄೃ 89 ڣ္ڗร 3007 ᇆܒެΔڼԫܒެ௫֗ऄೃኙ
࣍ᒵٌ࣐ូԵᦞזۯ္հٙᇞᤩΔএܫᜢᓮԫທᓵܒެᛧΔথآ ᛧ္ܒެհூࠏΔࠡࠃኔฃᘯΚܫոދᇷֆֱ֗ࣟᅗדֆ։္ܑ
؆Գոֆै၌መۍ։հԼհैࣟ֗ᇀࠃΔࠀ։ܑ࣍քଡִփא۞աټᆠၞ
۩ᒵٌ࣐ΔຬᥛᔄנΕ၇ၞ္؆ԳոֆհैปᛧܓΔڂֆհᇀ৹࣍۩
ࠌᒵٌ࣐ូԵᦞΔਚطދঅխ֨אֆैࣟߪ։זۯ۩ࠌΖ
ܫឈڶԫԳࠀآנஂߢဲᓵΔྥ݁ڶຫणݼΔਚءூսڶञរژڇΔ ܛ္؆Գոֆڶྤ৹࣍۩ࠌᒵٌ࣐ូԵᦞΔۖܫհᓮޣਢܡฤٽᢞٌࠦ
࣐ऄร 157 යร 2 ႈհٙΖ
ኙڼԫംᠲΔऄೃ٣ࣔֆԫैࣟ࣍ֆᇀࠃΕኘԳ৹࣍۩ࠌᒵٌ
࣐ូԵᦞழΔא۞աټᆠֆ۩ࠌូԵᦞழΔኔᎾএ۩ࠌֆኙᇀࠃΕՕैࣟ
հᦞܓΔᚨᣊۿ࣍اऄร 242 යհזۯᦞΖۖԫैࣟזۯֆ۩ࠌᒵٌ࣐ូ
Եᦞհছ༼ٙΔԯֆψ৹࣍۩ࠌូԵᦞωΔڼএਐڶڼᦞܓױ۩ࠌۖլ۩ࠌ
ۖߢΙڂैࣟזۯ۩ࠌհᦞܓΔֆࢬڶΔڕֆբ۩ࠌᦞܓΕࢨբྤᦞܓ ژڇΕࢨᆖ۩ࠌۖྤய࣠Δैࣟܛྤזۯ۩ࠌᦞܓհؘΔܡঞֆ۩ࠌᦞܓΔ Ⴈ࠹ैࣟհլᅝեቃΖ္ۖ؆Գոֆམאژᢞॾࠤ։ܑٻܫոދᇷֆ
ፖֱࣟᅗדֆ۩ࠌូԵᦞൣΔೈڶژᢞॾࠤԿٝᖇ؆ΔܫٍآܡᎁՂ
ၲॾࠤհటኔࢤΔॾటኔΖᄷڼΔڂܫႝܫ္؆Գոֆ۩ࠌូԵᦞհ ছΔ္؆Գոֆբ۩ࠌូԵᦞΔႳ৵ࠀದ္ᓮޣհΔ᜕ॺ࣍ᓮޣհॣܛ༼
103
ದ္Δᓮޣٍ࣠ྤऄሒቃࡳய࣠Δ܀݁լᐙ္؆Գոֆբ۩ࠌូԵ ᦞհࠃኔΔਚܫא္؆Գոֆ৹࣍۩ࠌᦞܓطΔ༼ದء္ٙΔ᧩ፖᢞ
ٌ࣐ࠦऄร 157 යร 2 ႈհٙլٽΔਚऄೃא္ֶᦞ౨Ꮝڃᇠזۯ္Ζ
ਊڼԫܒެᎁψ৹࣍۩ࠌᦞܓωΔႛאڶྤ۩ࠌ܂ᎁࡳΔۖ۩ࠌڶྤሒګ ቃࡳய࣠ڇࢬլംΔࡐॺྤࢬءΔ൫ڼԫߠᇞڶױ౨ᖄીזۯᖲࠫᣄא࿇ཀቃཚ հפயΔ።փຝԳאެחֆٻ۞ߪ࿇೯ྤऄሒګቃཚய࣠հᦞܓ۩ࠌΔ៶ ڼॴैࣟհזۯ္Δڼጟ࣠ۿॺܠԳࢬᑗߠΖ
ء֮รԲີ൶ಘދঅቸ᧯ழམ༼֗ΔឈྥڂլࣔΔ܀ݺഏऄՀދঅቸ᧯װ ࠤփຝԳհ৵Δֆڍת౨ႉܓូԵփຝԳհᒵᛧܓΔਚኔᎾᏁ༼ದזۯ္
հூٙࠀլڍΖڼ؆Δطءີࢬ܂հᖞՈױ࿇Δطދঅቸ᧯א؆հԳ༼ದ հᒵٌ࣐ូԵᦞזۯ္ࠀآנڇء֮հઔߒᑌءխΔܠԳឈᣄאឰߢڼጟ
ூٙլژڇࢨլᄎ࿇سΔ܀ֺࠏᄕ֟սਢլञհࠃኔΖྥԱݙໂऄࠫૠΔս ڶᒤᛀಘհؘΖء֮ᎁψ৹࣍۩ࠌᦞܓωԫဲΔᚨە(89)ತᢞʻԿʼร 76696ᇆࠤᤩհߠᇞΔೈലᇀࠃᄎࢨኘԳ۩ࠌᦞܓհᖞ᧯መ࿓݁Եܒឰᒤ
؆ΔࠀലᓮޣڶྤኔயٵழԵܒឰഗᄷᅝխΔૉᓮޣֱڤऄೃᎁࠀྤኔய ױߢழΔսᚨւैࣟ༼ದזۯ္Ζࠏڕֆެᤜ۩ࠌᒵٌ࣐ូԵᦞ৵Δٻ փຝԳᓮޣᔡࢴ৵ܛآڶၞԫޡ೯܂Δڼழᚨױᎁֆឈڶᓮޣհ۩Δ܀ᇠ
ֱऄբྤٚ۶ኔயױߢΔፖֆլ۩ࠌᦞܓઌٵΔਚսױየߩ༼ದैࣟזۯ္
հٙΖڼጟ৬ᤜΔឈڶመ৫ឩ്ऄය֮ᆠΔஎᐙֆᆖᛜ֗ᣌڍᑇެ
հᇄΔ܀ڇݺഏउհՀΔԫैࣟ༼ದזۯ္հױ౨ࢤءբპࠡპΔૉ
٦ղאૻᜍΔലࠌᒤټژኔՋΔދঅቸ᧯ࠠֆ墿ۥΔᛒ္ױ౨ࢤለԫ
۞ྥԳ܅Δਚආ࠷ء֮հ৬ᤜኙ࣍ֆᆖᛜհᓢᚰΔᚨլڕᓵृࢬუቝऱ؎Օ
222Ζ
222 ᖕء֮հᖞױ࿇Δ۩ऄՀച۩ᒵٌ࣐ូԵᦞזۯ္հԺॺދঅቸ᧯๕᥆Δਚ
उՀࢨױאཚৱދঅቸ᧯լ۟࣍መ৫ᛒ္ᐙֆᆖᛜΖྥۖૉਢآࠐԫैࣟᦞܓრᢝ
ይΔۖᗨᄕދߪזۯ္ᏆழΔऄࠫᚨڕ۶ᚨኙΛᣂ࣍ઌᣂംᠲΔط࣍ء֮հრߠႜٻݙ٤א
104
זۯച۩ፖזۯ࠹Ꮖএैࣟזۯ္ԫംᠲΔᔆߢհΔૉैࣟ༼ದזۯ္
္৵Δܡזۯൎࠫച۩ࠀזۯ࠹ᏆבΔመװհኔ೭ߠᇞΔམڶආ्ࡳߠ ᇞ223Ζקچֱऄೃ 90 ڣ္ڗ 787 ᇆܒެΔኙڼംᠲঞ।قܡࡳრߠΖᇠܒެ
հܫᢞཚᄎΔದ္ᓮޣូԵܫհᒵᛧܓΔַֆ৹۩ࠌᦞܓΔ ਚᜢ္ࣔ࣍؆Գֆ৹࣍۩ࠌᦞܓழΔᇠႈ८ᠰᚨطܫזۯച۩֗࠹ᏆΔא ᒔঅֆ֗ैࣟᦞ墿Ζ!
!!!!ऄೃᎁΔܫא္؆Գֆհैࣟߪ։Δࠉᢞٌऄࡳזۯֆኙܫ۩
ࠌូԵᦞΔ൫္ᅝࠃԳսܫᠨֱۖፖ္؆Գֆྤ௫Ζࠡਝച۩Ժ
ᨠயԺᒤࢬ֗Δ࣍ᛧᒔࡳܒެ৵Δܫ۞א۞աټᆠച۩ټᆠհച۩႘ᦞ Գᜢᓮൎࠫച۩Δڼፖ္؆ԳྤᣂΔ۞ྤᓮޣזۯച۩Ζऄೃឈւैࣟച۩Δ
܀ᣂ࣍זۯ࠹ᏆհംᠲΔऄೃᎁاऄร 242 යհזۯᦞࡳΔᒔኔւ႘ᦞԳ ᜢࣔזۯ႘೭Գ࠹ᏆΔ൫ψࠡࠫ৫ڱڇ႘೭Գհತข႘ᦞհ᜔ᖜঅΔլࠌ ႘೭Գאࠡᄕ۩྇ჾ႘ᦞհᖜঅΔਢւ႘ᦞԳז࠹Ꮖ֗אᒔঅ႘೭ Գ᜔ತขΔନࠌ٤᧯႘ᦞԳ႘ᦞ݁࠹অᎽΖፖءٙܫױזۯ۩ࠌᒵٌ࣐ូ
ԵᦞհऄයΔૹڇঅᎽؑֆؓࢤΔᝩ܍֟ᑇԳܓشᦞႨࢨփᒵஒᛧ࠷ᑊܓΔ
ۖലܓࠉऄូԵֆհؾऱլٵωΔࠀၞԫޡਐנܫႛএֆհܓ墿۩ࠌ
ᒵٌ࣐ូԵᦞΔึݝܓ墿ូ᥆ֆۖॺܫΔਚਢܡױፖاऄร 242 ය܂ઌٵ ᇞᤩΔբڶጊᆠΔ່ึᏍڃܫਢႈᓮޣΖۖקچֱऄೃ 90 ڣ္ڗ 785 ᇆܒ
ެՈڶઌٵհߠᇞΖ
ছၲܒެհᓵ૪ឈڶࠡࠉᖕΔྥۖૉኧࠡܒެრڱΔലՕ༏྇ჾދঅቸ᧯
۟ᖞᒵٌ࣐ូԵᦞזۯ္հᒤᖲ౨࿇ཀΖࠉܒެრڱΔैࣟႛ౨זۯ ֆᓮޣփຝԳូԵᒵܓ墿Δឈ౨ء࣍ܫچۯച۩Δথլ౨ᓮޣזۯ࠹ᏆΔ
܀ܒެኙ࣍ڼᎅհՀֆ౨ܡኔᎾ࠷ڃᒵٌ࣐ࢬΔႛ౨ᢀ࣍ֆ৵ᥛኪ৫Δ ދঅቸ᧯܂ᒵٌ࣐ូԵᦞזۯ္հԺֱٻ৸ەΔૉଥऄழ࣠ආء֮հߠᇞΔᓵृছၲհ ጊᐞਬ࿓৫ՂױࠩᇞެΖڶᣂ࣍ء֮ኙ࣍ᒵٌ࣐ូԵᦞऄ࿓ݧհ৬ᤜΔױߠء֮รնີ
รᆏհփ୲Ζ
223 ࠏڕΚऄೃ 82 ڣૹՂڗร 401 ᇆܒެΔױߠΚᘸᅃ(2006)ΔπैؑሏᚭঞЁ
່ᄅᢞٌ࣐ࠦऄᇞ࣫ρΔ 421ΔקΚ۞עΖ
105
ךየլᒔࡳࢤհംᠲথೋڗآ༼Ζਊڼംᠲۿբڇދঅՠ܂ኔ೭Ղ࿇ᎧΔᨠኘދ অխ֨ኙ࣍լղូԵூٙհᖞ।৵Δױ࿇ދঅխ᜕֨࣍זۯ္խᛧ္ܒ
ެΔ৵ᥛՠ܂Ղڍתႛ౨װࠤႝআֆጐຒ۩ࠌᦞܓΔૉֆڃܫբྤತข ױࠎച۩ΕូԵ८ᠰڶૻΔࢨآڶࣔ᧩܂ழΔދঅխ֨ڍתႛ౨ԫ٦ಳ᠋ፖႝ
আֆ۩ࠌᦞܓΔྤऄފዝޓᗨᄕհߡۥ224Ζ
վֲհኔ೭ߠᇞאזۯ္հऄנ࿇Δլದ္ैࣟזۯֆ࠹Ꮖᒵᛧ ܓΖྥۖΔەၦދঅቸ᧯հᆜኔڶֆ墿ۥΔૉኧࢍ࿇ཀࠡᖲ౨Δזۯച
۩հૠսڶؘΖء֮ᎁΔۿױەᐞലԫैࣟፖދঅቸ᧯ࢬ༼հᒵٌ࣐
ូԵᦞזۯ္ๅ㾣Ζ࣐ߢհΔطԫैࣟࢬ༼ದհזۯ္Δսᙅᅃվֲ
հኔ೭ߠᇞΔլದ္ैࣟזۯ࠹ᏆΙ۟࣍طދঅቸ᧯ࢬ༼ದृΔױەᐞڇދᇷ ԳঅᥨऄᅝխࣔૡऄᄭࠉᖕΔւঅᥨᖲዌء࣍ܫچۯച۩৵ױזۯ࠹ᏆΔࠠ
᧯ֱڤՂױەᐞطދঅቸ᧯࣍זۯ࠹Ꮖ৵ၞ۩༼ژΔ٦ലូԵ८ᠰ᠏ٌֆΖ
รԿᆏ ՛
ءີڃԱᒵٌ࣐ូԵᦞܒެհऄኔ೭Δ։ܑ൶ߒԱூٙᣊীΕᑑऱ८ ᠰΕᢞᖕፖञរΕދঅቸ᧯ଡ૿ઌΖூٙᣊীֱ૿Δᒵٌ࣐ូԵᦞܒެא
בհ္ՕࡲΔհದ္ؾऱូԵփຝԳհᛧܓΖڼ؆Δᒵٌ࣐ូԵᦞܒ
ެխԫທᓵܒެֺࠏᄕΔڼԫွΔٍኙ࣍ᒵٌ࣐ូԵᦞ္խܫ հ္ֺࠏΔא္֗հ৵հᛧᚍڶԫࡳ࿓৫հᐙԺΙᑑऱ८ᠰֱ૿Δܫ
࣍ԫᐉխࢬڶூٙհؓ݁ᓮޣ८ᠰપ 724 ᆄցΕխۯᑇપ 60 ᆄցΖطܫ࠷
္ܒެհ৵Δאܒެ८ᠰ܂։Δፖᓮޣ८ᠰ܂։ئհᛧᚍᖞױ࿇
Δೈຝ։ຏൄ္ூٙ؆Δࠡ塒ூٙհᛧᚍբሒ 100%Δૉٽᣂ࣍ᒵٌ
࣐ូԵᦞܒެඓ္ൣउհᖞΔܠԳױᎁࡳᒵٌ࣐ូԵᦞ္հܫլႛᄕ
࣐ᛧΔࠡᓮޣ८ᠰऄೃڍתٍ٤ᑇ्ᎁΔٽದ္ؾऱאᨠΔঞױᎁࡳܫូ
ԵܫᒵᛧܓհګפֺࠏΔՈڍת౨ݙ٤္Ιᢞᖕፖञរڇᒵٌ࣐ូ
224 ދঅխ֨ጻΔhttp://www.sfipc.org.tw/main.asp (່৵ោᥦֲΚ2/19/2011)Ζ
106
Եᦞܒެխհಘᓵᄕլᑷ௺Δᚨፖᒵٌ࣐ូԵᦞড়ᨠ֏ᖲඳ֏հࢤڶԫࡳᣂ এΙދঅቸ᧯ኙ࣍ᒵٌ࣐ូԵᦞհᆵኔڶᄕհૹࢤΔ൫ຝ։ኔ೭ኙ࣍זۯ
္ፖזۯ࠹ᏆհߠᇞΔױ౨חދঅቸ᧯זۯ۩ࠌូԵᦞᣄא܌ຶ٤פΖʳ
รնີ ኔᢞઔߒհඔق รԫᆏ ছߢ
ʳݺഏᒵٌ࣐ូԵᦞூٙא္۩ࠌհூٙᑇࡐྥլڍΔء֮սᖕڶૻհ ܒެၞ۩ኔᢞઔߒΔᇢቹᖞנܒެᅝխᣂ࣍ዌګٙംᠲհಘᓵΔଳ࣫ᦞܓ۩
ࠌ᧯ߓΔኙ࣍ઌᣂհ࿓ݧࢤᤜᠲԫ൶ࢤᔆհᖞΔࠡ࣠բ࿇।࣍ছࠟଡ
ີᆏᅝխΖ
Ե։࣫ছၲઔߒ࣠৵ױ࿇Δઌᣂംᠲࢬ௫֗հᐋ૿ለუቝխᐖΖ
࣐ߢհΔᒵٌ࣐ូԵᦞط࣍Ꮑ൶ߒփຝԳڶྤψ࠷Ε၇ၞΕᔄנωैปհൣ
ࠃΔैᦞ᧢೯ࠃኔհڶྤঁګᒵٌ࣐ូԵᦞૹհு֨ΖൕۖΔፖैᦞ᧢೯ ڶᣂհࠫ৫ΔڇᐖᆠՂՈ݁ᒵٌ࣐ូԵᦞհઔߒࢬլױ࢙ฃऱΖᜰՅփຝԳ
ैᎁࡳհֱڤΕփຝԳैعፖैᦞ᧢೯ᎁࡳڶᣂհࠫ৫Δլႛګᒵ
ٌ࣐ូԵᦞച۩հૹ᎖ܗࠫ৫Δ۟ՈᄎᐙዌګٙհܒឰΖࠏڕΔኙ࣍փ ຝԳैආ࠷լٵհᎁࡳֱڤΔᄎᐙࠩᒵٌ࣐ូԵᦞᔞش᧯۶հܒឰΖ
ڂڼΔء֮ەၦᢞٌऄร 25 යհփຝԳعैࠫ৫Δא֗ٵऄร 22 යհ 1փຝԳै᠏ᨃֱڤࠟଡࠫ৫հሎ܂Δኙ࣍ছၲࠟଡີᆏհࢬܧհઔߒ
࣠ΔኔژڶԫࡳᐙԺΔਚᚵ٣൶ಘڼԲၜᢰࠫ৫ፖᒵٌ࣐ូԵᦞհᣂএ৵Δ
ֱٽছࠟີհኔᢞઔߒ࣠Δૹᄅᛀಘᒵٌ࣐ូԵᦞհዌګٙፖ࿓ݧ
ࡳΖ
รԲᆏʳ ઌᣂࠫ৫ሎ܂
107
รԫႈʳ փຝԳैعࠫ৫
փຝԳैعࡳڇᢞٌऄร 25 යΔࠡࡳڕՀΚ
Ϧ໒วՉި౻ϐϦљܭฦࡕǴᔈջஒځဠ٣ǵᅱჸΓǵΓϷԖި!
ҽຬၸިҽᕴᚐԭϩϐΜϐިܿǴ܌ԖϐҁϦљި౻ᅿᜪϷިኧǴӛЬ!
ᆅᐒᜢҙൔ٠ϦϐǶ!
ި౻ԖΓǴᔈܭДϖВаஒДҽԖިኧᡂϐǴӛϦ!
љҙൔǴϦљᔈܭДΜϖВаǴ༼ᕴӛЬᆅᐒᜢҙൔǶѸाਔǴЬᆅ!
ᐒᜢளڮзځϦϐǶ!
ಃΒΜΒచϐΒಃΟϐೕۓǴܭीᆉΒԖިኧྗҔϐǶ!
ಃϐި౻ۓ፦ޣǴр፦Γᔈջ೯ޕϦљǹϦљᔈܭځ፦ۓ!
ࡕϖВϣǴஒځр፦ǴӛЬᆅᐒᜢҙൔ٠ϦϐǶ!
ছၲࡳհؾऱڇ࣍חփຝԳै᧢೯ຘࣔ֏Δאኔֆၲঞ225Ζ ءයࡳޣփຝԳعࠀֆܫ۞ߪհै᧢೯Δڶܗ࣍ઌᣂۯ༳༽փຝԳै
ᦞ᧢೯հધᙕΔၞۖެࡳਢܡ۩ࠌᒵٌ࣐ូԵᦞΔਚءයհࡳএᒵٌ࣐ូ
Եᦞࢬլױࢨհࠫ৫ΖଣૉྤءයհࡳΔ༳༽փຝԳैᦞ᧢೯հൣࠃ ኔ᥆լ࣐Δᒵٌ࣐ូԵᦞհࡳஎലګ֮ࠠΖ
ભഏ 1934 ڣᢞٌऄร 16 ය a ႈՈڶᣊۿհࡳΖࠉᖕᇠႈհࡳΔೈ܍
ᢞࠦ؆ΔᇠڶᏝᢞࠦ࿇۩ԳհᇀࠃΕᆖԳΔא֗ऴ൷ࢨၴ൷܂ۍ։հԼאՂ ڶᏝᢞࠦհ࠹墿ࢬڶԳΔ݁ႊٻᜤ߶ᢞጥᄎعैֺࠏΖڇعհழរՂΔ16 ය a ႈಾኙڶᏝᢞࠦڇ٤ഏࢤᢞٌ࣐ࠦࢬုםΕփຝԳߪ։᧢೯Δא֗ڶᏝᢞࠦ
ڶֺࠏ᧢೯Կጟլٵൣࠃ։ܑڶլٵհعழរࡳΔאڶֺࠏ᧢೯ࠏΔ ٵႈ 2 ཱིࡳعᆠ೭ԳᏁֲٌ࣐࣍৵ࠟଡՠ܂֚փٻጥᖲᣂعΖۖޥఄऄ (Sarbanes-Oxley Act)ร 403 යၞԫޡࡳڶᏝᢞࠦڶֺࠏ᧢೯հعᏁאሽ
ᇷಛֱڤعΔۖᇠሽعհփ୲Δᢞጥᄎ֗࿇۩Գঞᚨڇعֲ৵รԫ
225 ᘸᅃ(2006)ΔπैؑሏᚭঞЁ່ᄅᢞٌ࣐ࠦऄᇞ࣫ρΔ 149ΔקΚ۞עΖ
108 ଡՠ܂֚ޔছאጻሁֆܫՕฒ226Ζ
ઌለ࣍ભഏऄհࡳΔݺഏᢞٌऄร 25 යႛאैป܂عড়᧯Δەၦ
ᒵٌ࣐ូԵᦞբᆖലैᦞࢤᔆڶᏝᢞࠦԵᒤᒤᡱΔޣᒤԫીᝩ܍נ
ᒤዥΔآࠐଥऄױەભഏऄΔലैᦞࢤᔆڶᏝᢞࠦԫࠓ܂ᢞٌऄร 25 ය հعᑑऱ227Ζ
ଖࣹრऱਢΔփຝԳै᠏ᨃࠫ৫ࡐྥএച۩ᒵٌ࣐ូԵᦞழૹհ᎖
ܗࠫ৫Δྥֆैࣟྤऄႛࠉᘸڼԫࠫ৫༳༽փຝԳڶྤᒵٌ࣐հൣࠃΖࠉᅃ ᢞٌऄร 25 යร 2 ႈΔփຝԳै᧢೯এطփຝԳ࣍ڻԫִٝٻֆعհ৵Δ ٦طֆၞ۩ࠃ৵عΖֆၲᇷಛᨠྒྷీڇڼጟࠃ৵عխΔႛᄎֆܫփຝԳ
ैᑇᠰհᏺ྇Δྥۖैڶᏺ྇ࠀլז।փຝԳڶᇠᅝ࠷Ε၇ၞࢨᔄנհൣࠃ ژڇΔਚೠྒྷփຝԳڶྤᒵٌ࣐հൣࠃΔࡸᏁ࣍ֆၲᇷಛᨠྒྷీᅝխ಼ψփ ຝԳै᠏ᨃࠃছعნ᜔।ωΖᇠ।ᅝխᄎಖሉփຝԳ᠏ᨃैհٌ࣐Δחܠ ԳאԱᇞփຝԳैᦞ᧢೯հڂΔܒឰڶྤᇠᅝᒵٌ࣐ូԵᦞհױ౨ࢤΖ ط࣍փຝԳै᠏ᨃࠃছعࠫ৫এٽᢞٌ࣐ࠦऄร 22 යհ 2 հࡳࢬ ৬مΔޣ౨٤૿༳༽ᒵٌ࣐ូԵᦞհ᎖ܗࠫ৫Δء֮ᚵאࠄᒧ༏Δտฯᇠ යհࡳΖʳ
รԲႈʳ փຝԳै᠏ᨃૻࠫ
փຝԳै᠏ᨃૻࠫࡳڇᢞٌऄ 22 යհ 2ΔࠡࡳڕՀΚ
ς٩ҁݤวՉި౻Ϧљϐဠ٣ǵᅱჸΓǵΓ܈ԖϦљިҽຬၸިҽ!
ᕴᚐԭϩϐΜϐިܿǴځި౻ϐᙯᡣǴᔈ٩ѰӈБԄϐࣁϐǺ!
ǵЬᆅᐒᜢਡ܈ԾҙൔЬᆅᐒᜢғਏВࡕǴӛߚۓΓࣁϐǶ!
Βǵ٩Ьᆅᐒᜢ܌ۓԖය໔ϷҬܰВளᙯᡣኧໆКٯǴܭӛЬᆅᐒ!
226 ޥఄऄร 403 යٵழࡳሽعհࡳᏁڇᇠऄسய৵ԫڣփਜ۩Δؾছ 1934 ڣᢞٌऄբ ലޥఄऄհփ୲ᏺૡ࣍ٵऄร 16 ය a ႈร 4 ཱིΖ൫ەၦمऄᖵհ٣৵Δਚ࣍ء֮ᅝխ֧شޥ
ఄऄ܂ऄᄭΖ
227 ڼᄎ૿ኙԫଡംᠲΔܛैᦞࢤᔆڶᏝᢞࠦڕ۶հࡳംᠲΔઌᣂհጊᆠፖಘᓵբ࣍ء֮ร ԲີรԲᆏઌᣂᒧ༏ᅝխտฯΔ࣍౿լ᠇Ζڼ؆ΔءີรԿᆏᅝխᓫࠩኙ࣍ᒵٌ࣐ូԵᦞᒤ ড়᧯հ৬ᤜΔՈᔞش࣍ैᦞعࠫ৫հଥإΖ
109
!!!!ᜢҙൔϐВଆΟВࡕǴӧύҬܰѱ܈چᔼೀ܌ࣁϐǶՠ!
!!!!ҬܰВᙯᡣިኧ҂ຬၸިޣǴխϒҙൔǶ!
ΟǵܭӛЬᆅᐒᜢҙൔϐВଆΟВϣǴӛ಄ӝЬᆅᐒᜢ܌ۓచҹϐۓΓ!
!!!!ࣁϐǶ!
җಃΟීڙᡣϐި౻ǴڙᡣΓӧԃϣటᙯᡣځި౻Ǵϝ٩!
Ӛී܌ӈБԄϐࣁϐǶ!
ಃϐΓԖϐި౻Ǵхࡴځଛଽǵ҂ԋԃηζϷճҔдΓӜကԖޣǶ!
փຝԳै᠏ᨃૻࠫፖᒵٌ࣐ូԵᦞհᣂᜤڶԲΔࠡԫڇ࣍៶ط᠏ᨃै
հֱऄՂૻࠫΔ༳༽փຝԳհैᦞ᧢೯ࠃኔፖڂΔחᒵٌ࣐ូԵᦞאޓႉ
ܓऱ۩ࠌΖᔆߢհΔᢞٌऄร 22 հ 2 යૻࠫփຝԳ᠏ᨃैհֱڤΔࠀޣփ ຝԳฤٽԫࡳයٙհ᠏ᨃैঁᏁعጥᖲᣂࢨᆖுΔחጥᖲᣂא༳
༽փຝԳै᧢೯հࠃኔፖڂΔհ৵ڕٵء֮Ղԫີᆏࢬ༴૪ԫΔֆၲᇷಛ ᨠྒྷీᄎ࿇ؒփຝԳै᠏ᨃࠃছعნ᜔।ΔٽփຝԳैعࠫ৫հ৵Δ ױאޓ壄ᒔऱחԫԳ༳༽փຝԳڶྤᒵٌ࣐հጊΙࠡԲঞਢᢞٌऄร 22 යհ 2 ร 3 ႈ࣍ࠉᅃٵऄร 157 යร 5 ႈհࡳΔᄷش࣍ᒵٌ࣐ូԵᦞᅝխΔ ਚૠጩփຝԳհैழΔᏁԵࠡೝΕآګڣՖ֗ܓشהԳټᆠڶհैป ԫࠓૠጩΔאՀ։ܑᓵ૪հΖ
รԫؾ ૻࠫै᠏ᨃֱڤፖᒵٌ࣐ូԵᦞհᣂএ
ਊᢞٌऄร 22 යհ 2 ร 1 ႈ։ܑࡳԱԿጟ᠏ᨃֱڤΔรԫཱིࠉᅃ(90)
ತᢞ(Կ)ڗร 001585 ᇆࠤհߠᇞΔᚨᄷش࿇۩ԳႥႃፖ࿇۩ڶᏝᢞࠦᄷঞ խڶᣂֆၲࢵႥհࡳΔ࣍ᆖጥᖲᣂுࢨعسய৵հΔֆᛜࠃᄐاᛜ
֏ൄආشڼԫ᠏ᨃֱڤ228ΙรԲጟ᠏ᨃֱڤΔࠉᅃጥᖲᣂհߠᇞΔᏁᢞٌऄร 22යհ 2 ࢬࡳհփຝԳΔ࣍࠷ᇠփຝԳߪ։ದքଡִࡻየ৵ࡨࠉءཱིࢬ
ࡳհֱڤ᠏ᨃ˅˅ˌΖط࣍ءཱིࡳএփຝԳᆖطႃխؑࢨᢞࠦᛜᄐࢬ᠏ᨃ
228 ᘸᅃ(2006)ΔπैؑሏᚭঞЁ່ᄅᢞٌ࣐ࠦऄᇞ࣫ρΔ 141ΔקΚ۞עΖ
229 ᓮߠ(92)ᢞ឵ٌڗร 19083 ᇆࠤΖڼ؆ΔփຝԳޢֲࠉڼֱڤ᠏ᨃैڶԫᑇၦՂૻΔࠉ
110
ᙑᎄհޅΖઌᣂ֮ױߠΚ്֨Δٵছ༿ု 230Δ 227-232Ιᘸᅃ(2006)Δπैؑሏᚭ
ঞЁ່ᄅᢞٌ࣐ࠦऄᇞ࣫ρΔ 143-144ΔקΚ۞עΖ
111
ԫޡ്ᚨᐒೈءයհࡳΔאࠃছعࠫ৫࠷ז˅ˆˆΔྥઌᣂᤜᠲط࣍ء֮ᒧ༏
հૻࠫፖᠲհەၦΔ࣍ڼլԫԫ൶ಘΔڇڼႛಘᓵԫଡംᠲΔܛै᠏ᨃࠫ
৫Δኙ࣍ച۩ᒵٌ࣐ូԵᦞߒຶڶڍՕհᚥܗΖʳ
ʳ ʳ ʳ ʳ ैعࠫ৫חܠԳאԱᇞփຝԳैᦞڶྤ᧢೯հൣࠃΔۖै᠏ᨃૻࠫ
ঞחԳױवփຝԳैᦞ᧢೯հڂΔԲृઌٽᇨױܒឰփຝԳਢܡڶᒵ
ٌ࣐ូԵᦞᔞش۩հΖֆࢨैࣟױ౨ᄎژڶԫଡಮ৸ΚڶԱैع
ፖै᠏ᨃૻࠫ৫Δ࿇փຝԳڶྤᒵٌ࣐հൣࠃژڇΔᚨᇠ࣐ڕ֘༳Ζྥ
ۖΔܛࠌছၲࠫ৫חֆፖैࣟאኙփຝԳٌ࣐Δᇢቹ༈ބڶྤᒵٌ࣐հ ژڇΔྥۖֆፖैࣟս៱ֶԫૹհᇷಛܒឰփຝԳڶྤሔ֘ᒵٌ࣐ូԵ ᦞհࡳΔܛփຝԳᛧܓհઌᣂᇷறΖᔆߢհΔܛࠌࠉᔾैعא֗ै᠏ᨃ
ࠫ৫Δലքଡִփڶጊհैᦞ᧢೯ፖ᠏ᨃڂઌኙΔ܀ս៱ྤऄ༳༽փຝԳ հٌ࣐ᏝΔ៶ڼૠጩփຝԳڶྤᛧܓΖ።ԫԳࢬ౨वऱႛڶޢֲैปگᒌ հᏝΔ۟࣍ޢԫٌ࣐հګٌᏝᇷறႛڶᢞٌࢬא֗឵၇խ֨ᖑڶΔֶڼ ጟᇷಛհ࣠Δחैࣟ۟ਢֆຟᣄאࠠ᧯ᓮޣփຝԳലࢬᛧհᒵܓ墿Δ ٷᝫֆΖʳ
ʳ ʳ ʳ ʳ ދঅխ֨վֲհሎ܂ᑓڤՈ֘ᚨԱՂၲွΖਊދঅխ֨ٵᑌؘႊ៶طᢞٌ
ࢬፖ឵၇խ֨ޢڣ༼ࠎՂՀתڣհփຝԳᒵٌ࣐ᛧܓૠጩ।ࠐԱᇞփຝԳհ
ᒵᛧܓ৵Δֱ౨ڶၞԫޡհ۩೯Ζૉྤᢞٌࢬፖ឵၇խ֨հ࠰ܗΔދঅխ֨լ ᄎՈլ౨ᛧփຝԳᒵᛧܓᇷறΔءլױ౨װࠤֆႝআࠡ۩ࠌᒵٌ࣐ូ
ԵᦞΖʳ
ʳ ʳ ʳ ʳ طছၲտฯױवΔೈॺ౨ജवփຝԳޢԫٌ࣐հګٌᏝΔլྥႛᔾ ԫԳऱԺၦΔ壄ᒔᢞփຝԳڶྤᒵٌ࣐հൣࠃΔࠀૠጩᒵᛧܓհᑇ ᠰΔ༓ױᎅਢᒴֵޣູΔઌᣂՠ܂հၞ۩݁ᏁֆᦞԺհ࠰ܗֱ౨հΖਚء֮ᎁ
ΔփຝԳै᠏ᨃֱڤૻࠫΔኙ࣍ᒵٌ࣐ូԵᦞհ۩ࠌᒔኔڶԫࡳհᚥܗΔ
ྥۖࠡૹࢤྤመ৫ཱྀΔ።ᖑڶڼԫՠࠠΔᒔኔױא྇֟ਬࠄ໎၄Δ܀ֆ
233 ്֨Δٵছ༿ု 230Δ 232-237Ι 244-251Ζ
112
ࢨैࣟսᏁࠡהֆᦞԺհ࠰ܗ৵Δֱ౨టإሒګחփຝԳٷᝫᒵᛧܓհؾऱ
˅ˆˇΖʳ
รԲؾʳ Գᙰ֪ᒤЁᢞٌऄร 22 යհ 2 ร 3 ႈʳ
ʳ ʳ ʳ ʳ ᢞٌऄร 22 යհ 2 ร 3 ႈࡳٵයรԫႈհԳڶհैปΔץਔࠡೝΕ آګڣՖ֗ܓشהԳټᆠڶृΔࠡمऄطΚψรԫႈैปڶԳΔ
៶ೝΕآګڣՖࢨהԳټᆠڶैปΔᝩءයհૻࠫΔ࣍รԿႈࣔࡳץਔ հΖ۟ࢬጠόܓشהԳټᆠڶृύլ؆ഗ࣍ᇷ८ࠐᄭΕ൳ࠫᣂএΕܓ墿ࢨჾ
؈հូ᥆ൣᆏΔᚵ࣍ءऄਜ۩าঞࣔࡳΖω˅ˆˈΔᔆߢհΔءයհمऄؾऱڇ࣍
ַփຝԳܓشٺጟԳᙰᝩᢞٌऄร 22 යհ 2 հࡳΔط࣍ᒵٌ࣐ូԵᦞ հ۩ࠌٵᑌᄎᖜᐡڼጟൣࠃנΔਚᢞٌऄร 157 යร 5 ႈ֮ࣔᄷشءႈࡳΖʳ ʳ ʳ ʳ ʳ ءႈհࡳএঋጠհψԳᙰ֪ωΖਊڼԫംᠲᒔኔᄎᐙփຝԳै
᠏ᨃא֗ᒵٌ࣐ូԵᦞհᒤᖲ౨࿇ཀΔྥۖᇠႈհᒤփ୲սขسૉեം
ᠲΖࠡԫᇠႈࡳຕᎁࡳփຝԳհೝፖآګڣՖ݁ॺנ࣍ࠡءრۖैΔ
ۖএזཙփຝԳڶΔਚᚨፖփຝԳհैٽࠓૠጩΔڼጟᎁࡳਢܡٽΔॺྤ
ױᤜΙࠡԲءႈࢬᘯψܓشהԳټᆠڶωΔዌګٙਢܡݔᔞΖฤٽܓش הԳټᆠڶैٝΔࠉᖕᢞٌऄਜ۩าঞร 2 යհࡳΔᏁࠠໂՀ٨ԿٙΚऴ
൷ࢨၴ൷༼ࠎैปፖהԳࢨ༼ࠎᇷ८ፖהԳ၇ैปΕኙᇠהԳࢬڶհैปΔ
ࠠڶጥΕࠌشࢨ։հᦞ墿ΕᇠהԳࢬڶैปհܓ墿ࢨჾ؈٤ຝࢨԫຝូ᥆
࣍ءԳΖڕء֮รԲີรԲᆏᅝխࢬ૪Δᢞࣔছၲٙٚ۶ԫႈբ᥆լ࣐Δޓ ۶उԿႈຟฤٽֱܓشהԳټᆠڶΔ࣍ء֮ࢬհܒެઔߒխΔՈآ࿇
ڼᣊூٙΖڼ؆ΔٙԲհࡳΔڶױ౨ਬࠄኙהԳհैࠠڶኔᔆᐙԺհ ԳΔఎڶᝩ़ၴΖʳ
234 ڇຍጟኔհՀΔݺഏᒵٌ࣐ូԵᦞհ۩ࠌ࿓ݧᚨڕ۶ޏၞհംᠲΔఎৱءີรᆏᅝխ
ಘᓵΔ࣍౿լ᠇Ζ
235 مऄೃഏᄎቹ塢Δ
http://lis.ly.gov.tw/lgcgi/lglaw?@110:1804289383:f:NO%3DE01542*%20OR%20NO%3DB01542$$1 0$$$NO-PD (່৵ោᥦֲΚ03/22/2011)Ζ
113
ʳ ʳ ʳ ʳ รԫរംᠲբڇܒެଡூᅝխנΔܛء֮รԿີรԲᆏམ༼֗հ່ऄೃ
99ڣՂڗร 1838 ᇆܒެΖՂ္Գ֛ࡠམאْԲԳತ೭ٺ۞ᗑمΔࠀྤ։ࠆࢨ
։ᖜڼڶैٝհઆΔٍྤ൳ࠫᣂএࢨၴ൷ڶհൣࠃΔኔᎾՂൕآፖᇠ ֆᆖᛜጥۖࠆڶֆփຝᇷಛΔאᇷݼΔྥ່ۖऄೃطمऄطנ
࿇ΔܡࡳೝհၴᏁࠠڶ൳ࠫࢨܓشᣂএֱᔞشᢞٌऄร 22 යհ 2 ร 3 ႈΔຍ ଡߠᇞՈፖೃΕچೃհߠᇞԫીΖྥۖܒެՈԫ٦ൎᓳΔփຝԳैհૠጩࡐ ᚨഗ࣍ᇠႈࡳፖೝΕآګڣՖΔא֗ܓشהԳټᆠैृٽࠓૠጩΔྥۖ
ូԵܓ墿հ१ᝫսᚨٺ۞հψۖॺലೝԲԳီԫ᧯חࠡ٥ٵΰؓ݁ʳ α१ᝫΔאଫೝၴհֆؓࢤΰ።ڕ٥ٵ१ᝫΔঞᛧܓለ֟հԳೈូᝫ۞ահ ຝ։؆Δࡸႊཙᛧܓለڍृ։ᖜΔڶ؈ֆؓঞαΖω˅ˆˉʳ
ʳ ʳ ʳ ʳ ڼԫംᠲڇݺഏսྥڇ࿇୶ᅝխΔ֟ޓาᒯհಘᓵΔྥۖطٽᖆࢤհߡ৫
։࣫ᒤۿਢԫଡױ౨ऱֱٻ˅ˆˊΖ።ؾছՕऄࡴᇞᤩࠀڶኙڼംᠲಘᓵΔ
ྥۖᤩڗ 586 ᇆᇞᤩհߠᇞۿ౨ܠԳਬࠄඔقΖᇠᇆᇞᤩհᑑऱತਙຝᢞࠦ
ጥࡡᄎʻ৵ޓټತਙຝᢞࠦዄཚຄጥࡡᄎʼΔ࣍խဎاഏԶԼڣִ
նֲૡቇհψᢞٌ࣐ࠦऄรԼԿයհԫรԫႈ࠷ैٝعࠃႈរω(Հጠ عរ)Ζਊᢞٌ࣐ࠦऄร 43 යհ 1 ร 1 ႈࡳΚψٚ۶ԳᗑࢨፖהԳ٥ٵ
࠷ٚԫֆၲ࿇۩ֆբ࿇۩ै᜔ٝᠰ၌መۍ։հԼհैٝृΔᚨ࣍࠷৵Լֲ
փΔٻጥᖲᣂعࠡ࠷ैٝհؾऱΕᇷ८ࠐᄭ֗ጥᖲᣂࢬࡳᚨ۩عհ ࠃႈΙعࠃႈڕڶ᧢೯ழΔࠀᙟழᇖإհωΔۖছၲհعរܛࠉᖕءႈ
ࡳࠫࡳΖʳ
ʳ ʳ ʳ ʳ ئऄᅝխڶψ٥ٵ࠷ωհ֮ڗΔ൫ᇠဲհ֮ᆠ۶ئऄᅝխבհᠥڕΔਚ
ጥᖲᣂ࣍عរร 3 යร 2 ཱིխࡳءԳ֗ࠡೝΕآګڣՖ֗Բᘣא փᘣ᥆ڶ।ެᦞैٝٽૠ၌መԿ։հԫհֆࢨᖜٚመתᑇᇀࠃΕኘԳࢨᇀ
236 ઌᣂრڱڇԿଡᐉ్հܒެխ݁ڶ༼֗Δڼႛ֧ش່ऄೃհߠᇞ܂ז।Ζ
237 ഏփբᆖڶᇢቹ൶ಘᢞٌऄร 22 යհ 2 ร 3 ႈࡳٽᖆࢤհ֮ີנΔױߠΚ႓ᆣ(2011)Δ τփᒵٌ࣐ᒤፖೝυΔऄࡴಝᒭࢬऄࡴร 50 ཚᖂᐷᐊऄᖂઔߒܫΔ 7-10Ζ൫ᇠ
֮এطՕऄࡴᤩڗ 318 ᇆᇞᤩڶᣂೝٽࠓعࢬ࿔հߠᇞΔ৸ەᢞٌऄร 22 යհ 2 ร 3 ႈ հٽᖆࢤΔឈॺྤᖕΔྥ࿔ፖैਢܡױԫᄗۖᓵΔսॺ٤ྤጊംΖ
114
ࠃ९Ε᜔ᆖհֆ࠷ैٝृΔٍ٥ٵ࠷ԳհᒤΖኙ࣍ڼԫࡳՕऄࡴ
ᤩڗ 586 ᇆᇞᤩطխ।قΚψΞΞەၦᘣ᥆ᣂএ࣍ݺഏٞᄐ֮֏հࢤΔ אড়ᨠՂࠠໂԫࡳᘣ᥆ᣂএፖैٝ࠷۩ᑑᄷΔᎁࡳ۩Գၴრ৸ፖ۩٥ ٵհؘྥࢤࢬૡࡳΖڼጟࡳᆠֱڤឈڶࠡച۩૿ՂհኔᎾەၦΔྥ࢙ࠡฃئऄψ٥ ٵωԲڗࠉԫ֮ᆠᚨࠠໂאრ৸ᜤሒࠩԫࡳؾऱΰڕ൳ࠫΕދᇷαհு֨
რᆠΔլംैٝ࠷ԳၴᨠՂڶྤრ৸ᜤΔԫ৳ᎁࡳࠡრ৸ፖ۩٥ٵհؘ
ྥࢤΖᘝ壆षᄎउΔࡳᘣ᥆ᣂএᐙΕ֭୮ගګैٝ࠷۩հൣݮឈ ᥆ൄߠΔ܀ࠏ؆ൣݮٍᣄᎁլژڇΖאࠡড়ᨠՂࠠໂࡳᘣ᥆ᣂএፖैٝ࠷
۩Δܛᎁࡳैٝ࠷Գ֫խै٥ٵ࠷Δ᥆ᚨࠓૠعֆၲհैᦞ᧢೯ૹ ՕᇷಛΔױ౨ທګैٝ࠷ԳၴᨠՂྤ٥ٵ࠷հრΔথڂࠡࠠໂড়ᨠհᘣ᥆ ᣂএፖैٝ࠷۩ΔآࠉऄࠓٵعۖګئऄรԫۍԮԼԶයรԫႈรԫ
ཱིΕรԫۍԮԼයፆհኙွΔ᧩բማ။ᢞٌ࣐ࠦऄรԼԿයհԫรԫႈψ٥ ٵ࠷ωհ֮ᆠױ౨ᒤΔᏺףئऄࢬآᒤհعᆠ೭Δ௫֗ᖆऄࢬঅᎽհᇷ ಛ۞ᦞፖತขᦞհૻࠫΔሔ֘ᖆऄรԲԼԿයհऄ৳অఎঞΔΔᝩ܍ᢞࠦ
ؑ؈ݧΔᇠႈࡳᚨ۞ءᇞᤩֆؒհֲದΔ۟ᙈ࣍ࡻየԫڣழΔ؈ࠡயԺωΖ հ৵ጥᖲᣂՈᙅൕՕऄࡴᇞᤩრڱΔૹᄅૡࡳᇠعរհය֮˅ˆˋΖʳ
ʳ ʳ ʳ ʳ ছ૪հऄೃ 98 ڣ८Ղڗร 1 ᇆܒެխΔՂ္Գբག֧ᤩڗ 586 ᇆ ᇞᤩΔ്ٽࠓૠጩैհࡳᚨૻᜍᇞᤩैࣟڶᗨᄕܓشࠡೝΕآګڣ
ՖټᆠڶैปழΔࡨᚨٽࠓૠጩैٝΔૉೝΕآګڣՖፖैࣟၴྤڼܓش ټᆠհᣂএΔܛլᚨٽૠΖྥۖೃᎁ 586 ᇆᇞᤩհᤜᠲፖᢞٌऄร 22 යհ 2 ร 3 ႈڶฆΔࠀլ൷࠹Ղ္ԳհݼΔ່ۖऄೃՈᎁٵೃհ܂ऄΖʳ ط࣍ᢞٌऄኙ࣍٥ٵ࠷հٙ۶בհᠥڕΔᖄીጥᖲᣂᏁאع
រร 3 යร 2 ཱིᇖךΔۖعរࡳথԾ࢙ီψ٥ٵ࠷ωհ֮ᆠΔመ৫ೣૹ
238 վֲհعរรԿႈࡳڕՀΚ
ψءរࢬጠፖהԳ٥ٵ࠷ैٝΔਐאৈપΕ࠰ᤜࢨࠡהֱڤհٽრΔ࠷ֆၲ࿇۩ֆբ࿇
۩ैٝΖ
࠷ԳፖהԳ٥ٵ࠷ैٝृΔڕڶ૿ٽრΔᚨലᇠ૿ٽრࠓٵٻጥᖲᣂعΖω
115
ച۩૿ΔૠԱԫଡլݔհය֮ࡳΔึᔡᤩڗ 586 ᇆᇞᤩܫᇠعរࡳཚ
؈யΖਊᢞٌऄร 22 යհ 2 ࠀྤڼጟمऄ৹༦ፖլݔհ۩ਙঞژڇΔྥۖᤩ
ڗ 586 ᇆᇞᤩսڶױᇷଗᢴհΔ።ࠡقԱച۩૿հەၦࡐڶࠡრᆠΔࠡإᅝ ࢤথࠀլߩאྤૻՂጼΖʳ
ਊᢞٌऄร 22 යհ 2 ร 3 ႈհᒤΔࠀآലᒤ᧯طփຝԳ᠏᧢ࠡ
ೝΕآګڣՖࢨփຝԳڶհԳΔۖএലՂၲԿጟԳࢬڶհैปီփຝ ԳࢬڶΖૉփຝԳྤऄ֭ࠡೝࢨآګڣՖհैழΔڶױ౨ขسਬࠄլ ֆؓհൣࠃΔᓮەՀ٨ᒤࠏΚʳ
!!!!คݤЍଛԾيଛଽϐިǴԶԾيިКٯ҂ຬၸ 21&ϐިܿǴӧόޕၰଛ ଽިӝीςຬၸ 21&ϐݩΠǴӧϤঁДϣࣁอጕҬܰǶ!
ʳ ʳ ʳ Ղ૪ூࠏڇ۩ऄհᖙ܂ՀΔᄎᎁփຝԳڶᒵٌ࣐հൣࠃΔۖڶᒵ
ٌ࣐ូԵᦞհᔞشΖྥۖՂၲூࠏፖᤩڗ 586 ᇆᇞᤩطࢬ༼֗հൣࠃઌۿΔ
݁ႛڂড়ᨠࠃኔհژڇΔחփຝԳհತขᦞ࠹ࠩૻࠫΖਚەᇠᇆᇞᤩقრ ڱ৵Δኔڶؘሂๅച۩Ꮑޣհᾲ⇾Δૹᄅᛀီᇠයࡳփ୲հኔᔆإᅝࢤΖʳ ʳ ʳ ʳ ʳ ەၦݺഏ֮֏ΔԳᙰ֪ᏁԵᒤྤᆜጊΖਊ۩ᒤբኙ࣍Օڍᑇհ Գᙰ֪ྤૠױਜΔਚኙ࣍ܓشהԳټᆠैශྤ࣋ᠾ़ၴژڇΖ൫ಾኙփຝԳհ
ೝא֗آګڣՖैհጥࠫՂΔኔ೭հै൳ᖲࠫឈբᓉګᑵΔፖܓش הԳैڇኔ೭Ղᢞࣔܺᣄհ࿖ቼ֚چܑΔ൫ႛڂᘣ᥆ᣂএհژڇΔۖחփຝ Գױ౨ࢭ࠹լܓ墿հऄ৳ய࣠Δڼጟᒤֱڤսژڶᛀಘ़ၴΖʳ
ʳ ʳ ʳ ʳ ᢞٌऄร 22 යհ 2 ร 3 ႈհمऄطբ।ࣔمऄؾऱڇַ࣍փຝԳ៶ط Գᙰᝩऄ৳ΔփຝԳೝፖآګڣՖۿႛਢمऄृᎁለൄߠհԳᙰᣊ
ীΔኔ೭ߠᇞၞۖᎁءႈࡳႛش࣍ૠጩփຝԳैΔڇܓ墿հូԵՂսᚨ։
ܑૠጩΔۖॺחೝΕآګڣՖፖփຝԳီԫ᧯٥ٵʻؓ݁ʼ१ᝫΔᅝྥޓॺ ᓰຑຂٚΖʳ
ʳ ʳ ʳ ʳ ਊڼԫംᠲհᣂڇ࣍ΔೝΕآګڣՖԵᒤհطΔႛڇ࣍הଚਢ
ൄߠऱԳᙰᣊীΔࢨਢڶࠡהڂైΛمऄطհ֮ڗএආ࠷ছृհߠᇞΖਊ
116
ᒵٌ࣐ូԵᦞএቃփᒵٌ࣐հ࿇سΔਚᒵٌ࣐ូԵᦞױץਔ࣍ψᐖᆠωհ փᒵٌ࣐ᆃַᒤᅝխΔൕۖ᎖ܗᒵٌ࣐ូԵᦞհᢞٌऄร 22 යհ 2 ร 3 ႈ
۞Ո᥆࣍ᐖᆠհփᒵٌ࣐ᆃַᒤհԫᛩΖᢞٌऄร 157 යհ 1 ร 7 ႈՈ֮ࣔ
ᄷشءႈࡳ࣍փᒵٌ࣐հխΔਚطփᒵٌ࣐հߡ৫৸ەᢞٌऄร 22 යհ 2 ร 3ႈΔᚨױ౨հנሁΖʳ
ʳ ʳ ʳ ʳ ലೝፖآګڣՖԵᒵٌ࣐ូԵᦞፖݺഏփᒵٌ࣐ࠫᒤᅝխΔڶ
ࠟጟױ౨طΔԫጟਢᎁೝፖآګڣՖਢൄߠऱԳᙰᣊীΔਚലছၲࠟጟ ԳፖܓشהԳैࠓ٨ΔૠԱᢞٌऄร 22 යհ 2 ร 3 ႈΖངߢհΔຍጟ৸ە ՀటإऱംᠲਢψԳᙰ֪ωΔۖॺψೝፖآګڣՖωΔױጠψԳᙰ ᎅωΙԫጟუऄڇ࣍ೝፖآګڣՖਢਬጟᣊীհփᒵٌ࣐ٲᙠᆢΔܑ
ਢೝط࣍ፖփຝԳڶጹയسհψױ౨ࢤω˅ˆˌΔਚᚨܑኙհղאጥࠫΖངߢ հΔຍጟ৸ەՀಾኙऱਢψೝፖآګڣՖءߪωΔࡤጠψߪ։ᎅωΖ൫ ڶࠄآګڣՖຑ۩౨Ժ݁ྤΔᖇ۞աრݳၞ۩ैปٌ࣐۩ኔڶܺᣄ
˅ˇ˃ΔਚאՀհಘᓵലፋྡྷ࣍ೝհՂΖʳ
ʳ ʳ ʳ ʳ ૉආ࠷ԳᙰᎅΔঞᢞٌऄร 22 යհ 2 ร 3 ႈڇᒵٌ࣐ូԵᦞፖփᒵٌ࣐
հՂሎ܂ࠀྤࣴฆΔႛലೝൄߠԳᙰ֪ီհΙૉආ࠷ߪ։ᎅΔ່ױ౨ऱ
طڇ࣍ೝਢᢞٌऄร 157 යհ 1 ร 1 ႈร 5 ཱིࢬᘯψൕছཱིࢬ٨հԳᛧ൜
ஒհԳωհٲᙠᆢΔۖᒵٌ࣐ូԵᦞഗ࣍ቃփᒵٌ࣐հمऄؾऱΔՈܑ
༼ኙ࣍ೝհᒤയ৫ΔലࠡैፖփຝԳٽࠓૠጩΖᔆߢհΔೝࠠڶګ
ψஒ࠹ᏆԳωΰ”tippee”αհ৫ଅᙠΔਚ֒ᒤയ৫Ζࠟጟრߠ݁ױᇞᤩ
۶אലೝհैࡳ࣍ᢞٌऄร 22 යհ 2 ร 3 ႈᅝխΔ܀طمऄطհ֮
ڗא֗ೝএፖለᣄאၞۖ۞փᒵٌ࣐հآګڣՖࠓ٨ۖߢΔمऄृ່ڰհ
უΔᚨএආ࠷ψԳᙰᎅωհᨠរΖʳ
239 ڇזषᄎՀΔೝسլᘣയ۟ݮٵ૽ሁٍॺߔߠΔ܀ᚨᇠྤԳ౨ܡᎁೝհၴࠠڶጹ യسհψױ౨ࢤωΖ
240 طᢤፖ࿔ऱߡ৫৸ەΔآګڣՖٵᑌਢᗑمऱଡ᧯Ζྥۖء֮ᎁΔطسᆖ᧭נ࿇Δآ ګڣՖऱैปٌ࣐۩ΔսהԳൎԺտԵհ৵ऱขढΔۿॺ٤آګڣՖଡԳრݳ୶Ζ
117
ʳ ʳ ʳ ʳ ྥۖྤᓵطԳᙰᎅࢨਢߪ։ᎅऱߡ৫נ࿇Δ۩ᢞٌऄร 22 යհ 2 ร 3 ႈ
݁ژڶᛀಘ़ၴΖ۩ࠫ৫ݮٵലԫ֊հೝፖآګڣՖ݁ψီωԳᙰΔਚ ԫ৳ലࠡैፖփຝԳٽࠓૠጩΔਢܡ౨ജאॿ୭࿓৫ለ՛հᒤֱڤᖙ܂Գᙰ ᎅΔଖܠԳ৸Ιݺഏփᒵٌ࣐অᥨऄ墿ߒຶڕٵભഏऄ့ུ֘Δލࢨڕ ٵᑛᅩऄආ࠷఼ؑݧঅᥨհᨠរΔ۟վսྤऄݙ٤᠖堚ΔՈᨃݺഏփᒵٌ࣐ઌ ᣂٙհᇞᤩ೯᎗૿ᜯܺቼΖྥۖڇભഏऄհૹூٙ Dirks v. SEC ூ˅ˇ˄Δލࢨ ਢᑛᅩփᒵٌ࣐֗ؑᖙ᜕ਐח(Directive on insider dealing and market
manipulationμmarket abuseν, Directive 2003/6/EC,Հጠ The MAD)242հՀΔࡸᏁ ฤٽԫࡳයֱٙױ౨ᇠᅝஒ࠹Ꮖृࢨਐחร 4 යհڻ్փຝԳ˅ˇˆΖႛڂګ
ஒ࠹ᏆԳհψױ౨ࢤωΔ༉ലೝፖآګڣՖհጥࠫയ৫ԫ৳֒հمऄ
ֱڤΔڶྤ᎘ૹ؈ᘝΔଖ৸ەΖʳ
ʳ ʳ ʳ ʳ ᄷڼΔᢞٌऄร 22 යհ 2 ร 3 ႈհࡳսژڶଥإ़ၴΔྥۖᇠႈࡳࠀ լᔞࡵڕભഏऄ࠹墿ࢬڶԳհᨠ࢚ԫመ৫ࢼွۖٛᘸଡூဪၦ˅ˇˇΖ።ᇠႈࡳ
ႊٵழᔞش࣍ᒵٌ࣐ូԵᦞፖփᒵٌ࣐ᅝխΔط࣍ছृڇݺഏऄՀڍլא္
ֱڤ۩ࠌΔਚ᎖ܗࠫ৫հᢞٌऄร 22 යհ 2 ร 3 ႈᚨאܓ࣍۩ਙᖲᣂֲൄࢤΕ ᖲඳࢤሎ܂հֱڤΔࠏ؆ழֱאऄೃဪၦಳޣଡூݔᔞΖʳ
ʳ ʳ ʳ ʳ ਚء֮ᎁΔᚨ಼Գᙰᎅፖߪ։ᎅհ壄壀Δא۩ය֮ഗ៕ၞ۩ଥإΖ אᒵٌ࣐ូԵᦞ֊ԵរΔԳᙰ֪ࠫྤጊਢଈٚ೭Ιۖڇփᒵٌ࣐հᨠរ Հ৸ەΔԳᙰᎅፖߪ։ᎅ݁ڶૹհრᆠΔ܀ڼழྤᓵආ۶ᎅଥऄΔଥإૹ֨݁
ڶᣊۿհΖਊԳᙰᎅലೝፖآګڣՖᅝګൄߠհԳᙰΔ܀լԫࡳᏁאψီ
241 463 U.S. 646(1983)Ζ
242 ֮ױߠΚ
http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2003:096:0016:0016:EN:PDF (່৵ោ
ᥦֲΚ4/30/2011)Ζ
243 DirksூᎁೈփຝԳሔ֘࢘ኔᆠ೭ਜ਼ዥૹՕஒ؆ΔࡸᏁஒ࠹ᏆԳࣔवࢨױۖवփຝԳ ሔ֘࢘ኔᆠ೭ۖਜ਼ዥΙࠉᅃਐח֮Δڻ్փຝԳএਐΚψࠠڶփᒵஒΔࣔवࢨᚨवᇠஒ
փᒵஒृωΖ
244 รԲີรԲᆏ൶ಘ࠹墿ࢬڶԳழ,མ༼֗ભഏऄಾኙ࠹墿ࢬڶԳٵᑌڶعհૠΔ൫ച۩Ղ ٵᑌႊࡹ༉࣍ኔΔႛආᖗऴ൷ࢨၴ൷࠹墿Բ։ऄհعֱڤΖਢਚૠઌᣂࠫ৫ழ,۩ਙګء սૹەၦࠃႈΖ
118
ԳᙰωհֱڤհΔ࠷ऄભഏऄհւᜰ֘ᢞංհᒤֱڤΔאψංࡳԳᙰω
ٍױሒګؾऱΔא૾܅ॿ୭࿓৫Ιߪ։ᎅאैૠጩհֱڤ֒ጥࠫയ৫Δ
ۖψංࡳωհֱڤٵᑌ౨ኔጥࠫയ৫հ֒ؾऱΔֹאီհֱڤΖࠡ
ڻΔૉא֘ᢞංैૠጩհࡳΔ່ױ౨հֱڤ๕መ࣍ൎᓳڼհၴತ೭հ
۞ࢤΔڼழΔᢞٌऄਜ۩าঞร 2 ය৾؏༼ࠎԱࠋհᑑᄷΔ࠰ܗܠԳܒឰΖʳ ʳ ʳ ʳ ʳ ਚء֮ᎁΔᢞٌऄร 22 යհ 2 ร 3 ႈ֮ڗױଥإګ 2 ႈΚʳ
ȨಃϐΓϐଛଽǵ҂ԋԃηζԖϐި౻ǴۓࣁಃϐΓ܌ԖȩǶ!
ȨಃϐΓԖϐި౻ǴхࡴճҔдΓӜကԖޣȩǶ!
!!!!ڼ؆Δᢞٌऄਜ۩าঞร 2 යױଥإΚʳ
ȨҁݤಃΒΜΒచϐΒಃΟǵಃѤ܌ۓଛଽǵ҂ԋԃηζϷճҔдΓӜက
Ԗϐި౻ǴᔈୖԵΠӈ٣ղᘐǺ!
ǵޔௗ܈໔ௗගٮި౻ᆶдΓ܈ගٮၗߎᆶдΓᖼວި౻Ƕ!
Βǵჹ၀дΓ܌Ԗϐި౻ǴڀԖᆅǵ٬Ҕ܈ೀϩϐ܈ڀԖჴ፦ቹៜΚǶ!
Οǵ၀дΓ܌Ԗި౻ϐճ܈ཞѨӄ܈ᘜឦܭҁΓǶȩ!
ʳ ʳ ʳ ʳ Ղၲհଥऄ৬ᤜΔലࡳߪ։հԳፖܓشהԳैๅራΔছृאංࡳ
փຝԳڶհֱڤΔ૾܅ኙ࣍ፖהԳࠠໂࡳᘣ᥆ᣂএհփຝԳࢬ࠹ࠩհॿ୭࿓
৫Ι৵ृঞፂመװᢞٌऄร 22 යհ 2 ร 3 ႈհࡳΔլւٚ۶Գᙰ֪܍ຂΖ ኙ࣍Գᙰ֪հዌګٙΔലመװԿଡٙຟฤٽհૠޏܒឰᑑᄷΔೈᓿղ ዌګٙޓՕհᐘࢤ؆Δٍ౨૾܅ᢞࣔհᣄ৫Ζኙ࣍ءਜ۩าঞร 2 යհ
ٙΔঞ࣋ᐈ۟ࠠڶኔᔆᐙԺঞբߩΖۖԳᙰ֪հܒឰٙΔڇೝፖآګڣ
Ֆᜰ֘ᢞழΔսڶૹچۯΔਚٵழ֘ᢞհەٙΖڇച۩૿ՂΔط࣍
ྤᓵਢೝፖآګڣՖᜰ֘ᢞංΔࢨਢᢞࣔהԳԳᙰ֪ழΔྤױᝩ܍ႊط ऄೃտԵΔਚᚨլ۟࣍ᏺף۩հᇷಛֆၲᖲࠫመڍհܒឰፖᢞհګءΔۖທ
119
ګพᡶᣄ۩Ζ່৵Δٽء֮ኙ࣍ᢞٌऄร 25 යհრߠΔᢞٌऄร 22 යհ 2 ױەᐞᄷش࣍ैᦞࢤᔆհڶᏝᢞࠦհ᠏ᨃ˅ˇˈΖʳ
ʳ ʳ ʳ ʳ ەၦᢞٌऄร 22 යհ 2 ร 3 ႈᏁᔞش࣍փᒵٌ࣐ᅝխΔਚᚨ಼ߪ։ᎅ
ૠࠫ৫Δ܀ء֮ᎁەၦࠫ৫փ୲ፖمऄطհ֮ࣔΔᇠႈࡳ࣍ᒵٌ࣐ូ
ԵᦞᅝխᔞشழΔսᚨאԳᙰᎅ܂ጊᆠᇞᤩհࠉូΖڇᇠᎅհՀΔփຝԳհ
ೝፖآګڣՖএൄߠհԳᙰ֪ᣊীΔਚڇຂٚګمၸංࡳࠡैփຝԳࢬ
ڶΔྥۖូԵܓ墿հૠጩΔᅝྥᚨڃូଡԳߪ։ᔞشᢞٌऄਜ۩าঞร 11 ය ร 2 ႈհ່ᔄᏝ່྇܅၇ᏝऄܒឰΖᔆߢհΔء֮ᢥٵኔ೭ኙ࣍ូԵܓ墿հૠ ጩᚨ༉ೝଡԳٌ࣐ኙ࣠ૠጩΔۖॺലࠡီԫ᧯ؓ݁१ᝫΔޓॺᓰղऄྤ
֮ࣔհຑຂٚհߠᇞΖʳ
รԿᆏʳ ዌګٙଥإֱٻ รԫႈʳ ᔞش᧯
ྤᓵਢᇀհټኔլฤΕऄԳᇀംᠲΔא֗ᐙᇀࠃፖࠃኔՂᇀࠃհಘ ᓵΔ݁௫֗ᇀߪ։հᎁࡳംᠲΔྥۖܒެᅝխࠀآ࿇ᣊۿூٙΔ௫֗ᇀߪ
։ᎁࡳհܒެΔࠡञរႛࠃኔᎁࡳհംᠲΔྤᣂհऄΖڼጟ࣠এז।
ઌᣂംᠲլᄎڇݺഏ࿇سΔލࢨਢڶ࿇س܀ڶၞԵ္ΔսլۖवΖء֮հ مឈለೣٻങᒤዥΔۖႜٻലᢥګছၲൣࠃ݁Եᒵٌ࣐ូԵᦞհ ᔞشΔྥۖאᇀټኔլฤא֗ᐙᇀࠃհூٙۖߢΔط࣍۩հᒵٌ࣐ូԵ ᦞച۩ኔ೭ኙ࣍ᇀߪ։հᎁࡳࠉᔾֆࢬנࠠհ࿆ಖᇷறΔڇ۩
հ࿆ಖፖᇷಛֆၲࠫ৫ሎ܂Հ࿇آ࿆ಖᇀृհᒵٌ࣐ൣࠃᄕլ࣐Ζ ਊمऄೃᆖᛎࡡᄎ 100 ڣ 1 ִ 13 ֲᐉຏመհֆऄය֮౻ூΔբ࣍ֆ
245 ܓشהԳैຍଡᄗ࢚ขسฒڍञᤜհڂΔڇ࣍ڼᄗ࢚መ৫ওૻ࣍ψԳᙰωհቹቝᅝխΔ
ૉەഏऄΔലᒤ᠏ฝࠩψኙהԳैࠠڶጥᦞૻωழΔ݁٨ԵᒤᒤᡱΔࠀمࠏ؆
ࡳඈೈࡳΖृტՑᇢࡡ༼ࠎڼԫ֊ԵរΔՈᎁٵઌለ࣍։լٵߪ։հԳۖආشլٵ
ᒤΔڼጟጥᦞૻհᒤֱڤޓ១ᑥᆵΔ൫ڼጟᒤֱڤᏁൎՕհऄೃߓอ܂৵એΔ ፖݺഏऄଘᘸ۩ਙߓอച۩ઌᣂᒤհᖲࠫڶฆΖאݺഏऄհച۩ᖲࠫۖߢΔૉጥᖲᣂ່ึ
ࡹ༉࣍ച۩ᏁޣፖګءΔۖս៱ߨڃ։լٵߪ։ृհمऄֱڤΔᒤભრലՕؚމڬΖྥۖڼ ጟمऄ৬ᤜΔսೀࢍࢼᜲհऄΖ
120
ऄร 8 යร 2 ႈԵᐙᇀࠃհᒤ246Δࠡය֮ࡳኙ࣍ᇀࠃհټኔլฤ
ٍڶԫࡳᚥܗΔਚء֮ᎁۿױᨠඨֆऄհଥऄ೯ኪΔছၲ౻ூૉԿᦰຏመΔ
ޣऄᒤԫીΔᢞٌऄઌᣂࡳױᇿၞԵᐙᇀࠃය֮հᔞشΔࠀ಼ֆ
ऄઌᣂࠫ৫հૠ܂᧢Δᚨױ࿑࿑ޏ۩ࠫ৫Հ࿇լ࣐հംᠲΖ۟࣍
ऄԳᇀհઌᣂംᠲΔڇ۩ࠫ৫հሎ܂ՀΔ༳༽ऄԳᇀࠃհ۞ྥԳז।Δࢨ ऄԳਐᅝᙇᇀհ۞ྥԳټΔࠀྤ֜ՕܺᣄΖױࠉᅃ۩ࠫ৫Δࠀආᖂ
հڍᑇრߠΔ࣋ՕऄԳᇀհᒵٌ࣐ូԵᦞᔞشᒤΔᝩ܍ᒤዥขسΖ ڶᣂै၌መۍ։հԼհैࣟא֗ܓشהԳैհംᠲΔ৵ृբ࣍ءີছԫ ᆏᅝխղאಘᓵΔਚڇڼႛᎅࣔै၌መۍ։հԼैࣟհञᤜΖڶᣂՕैࣟհ
ംᠲΔࠀآڶܒެऴ൷ಘᓵࠩΖۖᖂհಘᓵ៥ڇۍ։հԼհै॰ាਢ ܡ֜Δא֗ै၌መۍ։հԼհैࣟΔਢܡאڶֆբ࿇۩ڶ।ެᦞैٝ၌
መբ࿇۩ڶ।ެᦞै᜔ٝᑇۍ։հԼհैࣟૻΖء֮ઔߒհܒެխΔै၌መ ۍ։հԼृΔڍऄԳैࣟࢨ۞ྥԳ٥ٵ࠷ΔەၦՂؑՂ឵ֆհैءΔڼጟ
ွۿլᣄᇞΖૉمऄਙႜٻൎ֏ኙ۞ྥԳैࣟᒵٌ࣐հ൳ࠫΔۿڶؘ
ᓳ૾Օैࣟैֺࠏհ॰ាΙֆၲᇷಛᨠྒྷీࠀآܑုࣔैֺࠏאڶ।ެ
ᦞैٝૠጩഗᄷΔਚڼԫߠᇞᚨլኔ೭ሎ܂ࢬ൷࠹Ζਊᒵٌ࣐ូԵᦞലՕ
ैࣟԵᔞش᧯Δထณ࣍ڼጟԳٵᑌኙ࣍ֆڶᐙԺΔڶ࠷փᒵஒ հױ౨ࢤΔ᜕ࠌՕैࣟڶྤ।ެᦞैٝΔآؘ༉ྤऄᐙֆΔਚڼԫߠᇞս ڶዎ塒چΖᆖԳհઌᣂംᠲঞآ࿇ܑհூࠏױאಘᓵΖ
ڶᣂ࣍փຝԳߪ։ᎁࡳழរհംᠲΔء֮հઔߒឈྤऄ᧩قኔ೭ڶྤݮګ
ࡳհߠᇞΔྥۖऄೃ 87 ڣૹՂڗ 93 ᇆܒެאኙ࣍ڼԫംᠲΔطمऄ ؾऱנ࿇Δڃូڰཚኔ೭ᓵΔૹᄅᖑࣄԫጤᎅհߠᇞΔڼጟጊᆠᇞᤩֱڤଖ
246 ᇠႈ౻ூփ୲Κֆၲ࿇۩ैปհֆհॺᇀࠃۖኔᔆՂച۩ᇀࠃᄐ೭ࢨኔᔆ൳ࠫֆհԳ ࠃΕತ೭ࢨᄐ೭ᆖᛜۖኔᔆਐཀᇀࠃച۩ᄐ೭ृΔፖءऄᇀࠃٵاࠃΕ٩ࠃ֗۩ਙፆհຂٚΖ
܀ਙࢌ࿇୶ᆖᛎΕআၞषᄎڜࡳࢨࠡהᏺၞֆ٥ܓ墿ൣݮΔኙਙࢌਐհᇀࠃࢬհਐཀΔ լᔞشհΖڶᣂ౻ூփ୲ױᔹΚႧᄐฒॾᄎૠஃࠃ೭ࢬΔ
http://www.deloitte.com/assets/Dcom-Taiwan/Local%20Assets/Documents/Tax/Payroll&Investment%
20Services/1000103%20Articles.pdf (່৵ោᥦֲΚ03/22/2011)Ζ
121
ࣹრ˅ˇˊΖૉऄೃᥛאڼጟᇞᤩֱڤᒵٌ࣐ូԵᦞհጊᆠΔآࠐᅸࠩߪ։
ᎁࡳழរհംᠲழΔආ࠷ԫጤᎅհܒެᑇၦᚨᄎᥛᏺףΖط࣍ԫጤᎅለ౨࿇ཀ
ᒵٌ࣐ូԵᦞհᒤؾऱΔਚء֮ኙڼጟֱڤٍ।قᢥٵΔՈཚඨጥᖲᣂ౨ إီऄኔ೭հլٵߠᇞΔૹᄅᛀಘࠟጤᎅհݔᔞࢤΖʳ
รԲႈʳ ᔞشড়᧯ʳ
ڇᢞٌऄร 157 යଥऄᏺૡร 6 ႈհࡳΔലैᦞࢤᔆڶᏝᢞࠦԵᒵٌ
࣐ូԵᦞհᔞشᒤհ৵Δᇠဲհრᆠ۶֧ದᖂᑷ௺հಘᓵΖ൫طรԿີհ ܒެڃױ࿇Δᒵٌ࣐ូԵᦞܒެࢬ௫հٌ࣐ড়᧯սאཏຏैՕࡲΔ௫
֗ࠡהڶᏝᢞࠦृᑇᄕ֟Ζਊ۩հփຝԳैعࠫ৫Δࠀآലैᦞࢤᔆڶ ᏝᢞࠦԵعᒤխΔਚ࿇ैᦞࢤᔆڶᏝᢞࠦհᑇၦ᧢֏ઌኙۖߢለܺ
ᣄΖڕٵء֮൶ಘփຝԳैعࠫ৫ழհ৬ᤜΔޣᒤհၴ౨ઌյٽΔଥ ऄழᚨലैᦞࢤᔆڶᏝᢞٍࠦԵփຝԳैعࠫ৫հᔞشᒤᅝխΖ ܒެڃխམ༼֗հᢞٌऄร 157 යፖ 157 යհ 1 ڇैᦞࢤᔆڶᏝᢞࠦᒤ ᒤᡱլԫીΔᚨ࣍ଥऄழലᢞٌऄร 157 යร 6 ႈψᣂ࣍ֆ࿇۩ωܔೈΖ
ྥۖᒵٌ࣐ូԵᦞᔞشড়᧯ڶԫޓءࢤհംᠲژڇΔܛैᦞࢤᔆڶᏝᢞࠦ
հᎁࡳᑑᄷᚨڕ۶ެࡳΖڇ۩ऄՀאᢞٌऄร 11 යร 1 ႈᎁࡳഗᄷΔ
܀ො።ᒤਢܡߩജսॺྤጊᆠΖطऄೃຘመܒެ࿇୶נܒᄷࡐԫጟױ౨հܘ ԺֱٻΖྥۖאรԿີխᔡء֮ޅေሰհקچֱऄೃ 99 ڣ८ڗร 41 ᇆܒެ
ࠏΔᇠܒެංԱጥᖲᣂհߠᇞΔլᎁᎁᦞᢞ᥆࣍ैᦞࢤᔆڶᏝᢞࠦΔ
ྥۖܒެطլႛᄕ១ฃΔመ৫ࣅࣽ࣍ऄය֮ᆠΔطਢᨠհΔऄೃਢܡڶߩ ജհറᄐ౨Ժ࿇୶נैᦞࢤᔆڶᏝᢞࠦհܒឰഗᄷΔլᆃחԳژጊΖڼ؆Δᎁ
ᦞᢞբ᥆ഏփለᑵ൜ΔጥᖲᣂՈམᆖ।قߠᇞհڶᏝᢞࠦᣊীΔڇᓤᠧհ८
247 ࠃኔՂΔڕ࣠גาڃء֮รԿີࢬհܒެᖞΔᚨױ࿇ऄኔ೭ኙ࣍ࢬڶᒵٌ࣐ូ
ԵᦞհጊᆠΔ༓ԫ৳္壆مऄؾऱ܂ᓵנ࿇រΔኧمऄؾऱຏൄՈਢᎅመ࿓ᅝխ່
ૹհطΖط࣍ᒵٌ࣐ូԵᦞհمऄൎᓳא១ᖲඳհֱڤΔחփຝԳٷנױ౨հᒵܓ 墿Δၞۖᚕॴփᒵٌ࣐հ࿇سΔਚᦰृᚨᄎ࿇ചڼᎅֱڤࢬנհܒެ࣠Δڍլܓ࣍փຝ ԳΖ࣐ߢհΔऄೃֺለڇრ១ᖲඳড়ᨠ֏հऄ৳ᔞشΔ࢙ۖฃᒵٌ࣐ូԵᦞᙑවྤၙհംᠲΖ
122
ᘜᐋנլᒡංנհվֲΔऄೃآࠐ౨ܡإᒔܒឰޓףᓤᠧڍ᧢հ८ᘜขࢤ ᔆΛኙڼء֮অఎհኪ৫Ζ
ઌለ࣍ऄೃΔء֮ᎁጥᖲᣂޓڶറᄐ౨ԺެࡳैᦞࢤᔆڶᏝᢞࠦհࡳ
ᆠΖ۩հᢞٌऄਜ۩าঞร 11 යร 1 ႈឈྥբᆖආ࠷ઌۿ܂ऄΔྥۖᇠයհ
ࡳለ១ฃڶᦞࠉᖕΖەၦैᦞࢤᔆڶᏝᢞࠦհᎁࡳᄎᐙࠩᒵٌ࣐
ូԵᦞא֗ᢞٌऄร 157 යհ 1 փᒵٌ࣐հᔞشড়᧯Δࠡᐙ۟ᣂૹՕΔਢਚآ ࠐױەᐞ࣍ଥऄழΔᏺףᦞයཱིΔࣔᒔղጥᖲᣂאࡎחެࡳैᦞࢤᔆڶ ᏝᢞࠦጟᣊհᦞૻΔۖᄗਔࢤհᎁࡳᑑᄷΔٍױ៶طٵᑌհֱڤΔطጥᖲᣂא
۩ਙࡎחհֱڤࠫࡳΖ
փᒵٌ࣐հ࣍ 2010 ڣհଥऄຏመ৵Δբലֆ႘Եᒤড়᧯ᅝխΔࠡم ऄطႛᘯψᅃ᤻ቸ࠰ය֮ຏመω248Ζਊء֮࣍รԿີխམഗ࣍ᒵٌ࣐ូԵ ᦞፖփᒵٌ࣐հᣂএയ֊ΔլᚨژڇྤᘯհᒤᆵΔא֗८ᘜขীኪհංຫ נᄅΔऄ৳փ୲ᚨٽଥإאַऄዥขسհطΔᎁᒵٌ࣐ូԵᦞլ ᚨওૻ࣍ֆ࿇۩հैᦞࢤᔆڶᏝᢞֱࠦڶᔞشΖࠉᅃٵԫᓵ౧Δᚨڶؘ
ᨠኘփᒵٌ࣐ءڻհଥऄΔၞۖ৸ਢܡᤉᥛಳᙟփᒵٌ࣐հᆬޡᒤড়᧯հ ଥإΖ
ਊᖂڇଥऄհছբڶᎁփᒵٌ࣐հᒤᒤᡱΔᚨլႛওૻ࣍ैป၇ᔄ
249Δհ৵ឈലैᦞࢤᔆڶᏝᢞࠦא֗ֆ႘Ոຬᥛփᒵٌ࣐հᔞشড়᧯Δྥ
ۖᔞشড়᧯հጟᣊᚨឩ്ࠩ۶ጟ࿓৫սڶጊംΖڼംᠲહ৵ኔ௫֗փᒵٌ࣐অᥨ հऄ墿ߒຶڕٵભഏऄ့ུ֘Δލࢨڕٵᑛᅩऄආ࠷఼ؑݧঅᥨհᨠរ
250ΖૉছृΔঞᔞشᑑऱᚨ֗࣍ࢬڶٌ࣐چរհڶᏝᢞࠦΙૉ৵ृΔאᑛᅩ
248 مऄೃऄ৳ߓอΔ
http://lis.ly.gov.tw/lgcgi/lglaw?@50:1804289383:f:NO%3DE01542*%20OR%20NO%3DB01542$$11
$$$PD%2BNO (່৵ោᥦֲΚ4/25/2011)Ζ
249 ࣥഏ٤(1992)Δτᢞٌ࣐ࠦऄรԫնԮයհԫփຝԳٌ࣐ᆃַࡳհ൶ಘυΔπਙՕऄᖂေᓵρΔ ร 45 ཚΔ 271-272Ζ
250 ့ུ֘ፖঅᥨ఼ٌ࣐ؑݧࠀॺኲྥլٵΔ܀ڇዌګٙᇞᤩፖૠՂᄎڶլٵհޣΔਚ ᠖堚ݺഏփᒵٌ࣐অᥨऄ墿լႛսڶؘΔՈਢެࡳփᒵٌ࣐ᒤড়᧯ᒤΔၞۖחᒵٌ࣐ូ
Եᦞ࣍ፖփᒵٌ࣐հၴլી࣍ขسᒤᆵೀࢍࢼᜲհऄΖ
123
124
ࡳՂΔਚటإެࡳ࠷Ε၇ၞΕᔄנ۩հᒤᡱृΔኔጥᖲᣂհࠤᤩΖྥۖ
ጥᖲᣂএא۶ጟֱڤܒឰࡳ۩ਢܡᔞشᒵٌ࣐ូԵᦞΔଖܠԳ৸Ζʳ
ʳ ʳ ʳ ʳ ൎᓳᒵٌ࣐ូԵᦞᖲඳ֏ᔞشऱড়ᨠࢤᔆΔլ಼ᨠڂైճճΔઌۿ֮
ڗլጥڇࠤᤩࢨܒެխΔ݁ᐌߠլធΖྥۖૉኧኙհড়ᨠᆠΔփຝԳքଡ
ִփૉڶٚ۶ैᦞֺࠏհᏺ྇Δլംڂ۶Δאᢞٌऄਜ۩าঞร 11 ය ร 2 ႈհֆڤૠጩ৵ڶܓژڇΔֆᚨԫ৳ᓮޣូԵᇠܓ墿Δ܀լጥݺഏࢨ ਢࠡהഏ୮Δຟڶᙇᖗאຍጟֱڤૠᒵٌ࣐ូԵᦞΖᔆߢհΔኧࢍኧড় ᨠ֏Εᖲඳ֏৵հᒵٌ࣐ូԵᦞΔࠡዌګٙᄎڶመ৫ॿ୭փຝԳತขᦞհጊ ᐞΔਢਚܛঁᒵٌ࣐ូԵᦞڶড়ᨠ֏ᖲඳ֏հᔆΔսྥᏁ಼ᨠڂై৵
ֱ౨ܒឰࡳ۩հױॺᣄࢤΖאભഏऄۖߢΔএאփᒵஒܓشױ౨ࢤנ࿇
រΔ࿇୶נԱൄፖॺൄٌ࣐հԲցܒឰᑑᄷΔૻᜍᒵٌ࣐ូԵᦞհᔞشᒤ
Ζ۟࣍ݺഏऄΔጥᖲᣂམᆖנڍࠤᤩΔᎅࣔࡳ۩ਢܡᒵٌ࣐ូ
Եᦞհᔞش۩ʻߠ।ԫፖ।ԲʼΔۖඈೈᒵٌ࣐ូԵᦞᔞشհ۩Δڍભ ഏऄՀհॺൄٌ࣐ᣊীΔਚڇݺഏऄՀΔࠃኔՂএطጥᖲᣂΔאᣊۿભഏऄ հەၦഗᄷڇެࡳ۩ڶྤᒵٌ࣐ូԵᦞհᔞشΔۖऄᖲᣂၞ۩ࠃኔᎁࡳ
৵Δኙጥᖲᣂհߠᇞၞ۩ො᥊ᔞشհՠ܂Ζᖞ᧯ۖߢΔݺഏऄፖભഏऄএຘመ
ຜٵូհֱڤΔሒګૻᜍᒵٌ࣐ូԵᦞᒤᡱհؾऱΖʳ
ʳ ʳ ʳ ʳ ਊᒵٌ࣐ូԵᦞᔞش۩ፖᔞشড়᧯ڶയ֊ᣂএΔࠏڕڶױ᠏ངհڶᏝ ᢞࠦΔ۞ྥڶ᠏ངڶᏝᢞࠦհ۩Δਚᒵٌ࣐ូԵᦞհᔞش۩ᒤᡱٵᑌᏁ
طࠠڶԫࡳհറᄐ౨ԺृެࡳለᔞٽΔਚء֮ࠀլᎁطጥᖲᣂլᔞࡵॊ
ڼԫຂΔ൫ᎁࡳࡳ۩ਢܡᔞشᒵٌ࣐ូԵᦞΔኙ࣍փຝԳհᐙ
ሰΔᚨڶऄᄭࠉᖕለݔᅝΖਚء֮৬ᤜᢞٌऄଥऄழΔױُயैᦞࢤᔆڶᏝᢞ
ࠦհֱڤΔ࣍ᢞٌऄร 157 යᏺૡᦞයཱིΔղጥᖲᣂאࡎחૻᜍ
ᒵٌ࣐ូԵᦞᔞش۩հᒤᡱΖ
125
ᇨྥΔאᏺૡ۩ਙࡎחۖॺଥऄհֱڤΔലᒵٌ࣐ូԵᦞᔞشড়᧯א֗ᔞ ش۩հጟᣊެࡳᦞૻኔᔆՂٌط۩ਙᖲᣂ۩ࠌΔױطለࠠڶ८ᘜറᄐवᢝृ
ެΔࡎחଥޏհᐘࢤՈለऄ৳ՕΖஎڶᓵृᖜ֨ڼጟߠᇞᄎᖄીऄೃᖲ౨
࠹ࠩލࠫΔחऄᐉᦞૻᜍ՛Δլܓ࣍ऄࠫ࿇୶Δਚۿᚨ֘ࠡሐۖ۩ΔՕᜰឩ ךݺഏᒵٌ࣐ូԵᦞᒤհփ୲Δ࣋ඵࢼွࢤհዌګٙᒤΔאޓาᒯհࠏ قࡳ༴૪ᒵٌ࣐ូԵᦞհᔞشড়᧯ፖᔞش۩253Ζ
ء֮ᎁΔ८ᘜؑᛳஒᆄ᧢Δᄅীขፖ۩ኪᑌᐋנլᒡΔྤᓵڕ۶ࡌ യمऄΔ݁ڶլٽழࡵۖᏁ٦۩ଥऄհֲΔਢਚאଥऄֱڤᒵٌ࣐ូԵ ᦞհᔞشড়᧯ፖ۩հംᠲΔ୲࣐ڶ֟ᒤଥإհᐘࢤհᖌΙૉ࠷ऄભഏط
ऄທऄհֱڤઌᣂംᠲΔؘႊڶഒൎհऄೃᐉᖲࠫ܂Δۖஃࠃ ᑛຬऄࠫ৬مΔࠀྤભഏऄᘝؓႚอհݺഏऄೃΔܡڕભഏࠫ৫Δחऄೃ
ࢭᖜڕڼૹٚΔॺྤጊΙᤩڗ 216 ᇆᇞᤩطխ༼֗Κψऄࡴࠉᖕऄ৳ᗑ مᐉܒΔլ࠹ٚ۶ե௫ΔᖆऄรԶԼයሉڶ֮ࣔΖٺᖲᣂࠉࠡ༳༉ڶᣂऄ
ᤩقհ۩ਙࡎחΔऄࡴ࣍ᐉܒூٙழΔࡐױղא֧شΔ܀սࠉᖕऄ৳Δ।قᔞ ᅝհլٵߠᇞΔࠀլ࠹ࠡࣅޔΔءೃᤩڗรԫԿԮᇆᇞᤩܛএءڼრڱωΖᄷڼΔ
᜕ࠌחጥᖲᣂڶᦞૻࠫૡ۩ਙࡎחΔᒤᒵٌ࣐ូԵᦞհᔞشড়᧯ፖᔞش۩
Δऄೃսױء࣍ᤩڗ 216 ᇆᇞᤩطհრڱΔ।ق۞ահߠᇞΔ۟լᔞش
۩ਙࡎחհࡳΖૉऄೃࠀྤ۞ݺᅶ֏Δԫ֊א۩ਙᖲᣂհߠᇞ್ଈਢ៓հൣࠃ
࿇سΔࠫૡ۩ਙࡎחᚨլ۟࣍መ৫ލࠫऄೃऄᐉᖲ౨Δીऄೃհᖲ౨ယᜍΖ ਚء֮ս៱ᎁΔط۩ਙᖲᣂᆖመمऄृᦞ৵Δૡم۩ਙࡎחᒤᒵٌ࣐ូ
Եᦞհᔞشড়᧯ፖ۩ᒤᡱΔএԫױ౨հዌګٙଥإֱٻ254Ζ
253 ࠏڕֲء८ᘜ࠷֧ऄร 166 යᣂ࣍փᒵٌ࣐հᒤΔ༉ආشڼጟᇡา༴૪հمऄୃᖂΖ ᇠයรԲႈࠀآڕٵڍᑇഏ୮ࢼွඖ૪۶ૹՕஒΔ֘ۖ༴૪ԱԼ塒ጟլٵփ୲հஒΔ៶ ڼᒤ۶ᘯૹՕஒΖڶᣂֲኙᅃऱֲء८ᘜ࠷֧ऄΔױߠΚ
http://www.fsa.go.jp/common/law/fie02.pdf (່৵ោᥦֲΚ06/12/2011)Ζ
254 ᜕ࠌऄೃլࢉ۩ਙᖲᣂհߠᇞࢬ᧿ΔᐙࠡऄᐉᦞૻΔڼംᠲՈբ၌መᒵٌ࣐ូԵ ᦞءߪΔۖএऄኙ࣍۞ߪᐉᦞૻᒤᎁवᙑᎄհംᠲΖ
126
รႈʳ ܓ墿ૠጩፖࠡהञᤜ
ʳ ʳ ʳ ʳ ࠉᖕᢞٌऄਜ۩าঞร 11 යร 2 ႈհࡳΔݺഏऄኙ࣍ᒵٌ࣐ូԵᦞհ
ូԵܓ墿ૠጩֱڤΔፖભഏऄԫᑌආش່ᔄᏝ່྇܅၇ᏝհૠጩֱڤΖઌለ࣍
ࠡהհូԵܓ墿ૠጩֱڤΔ່ᔄᏝ່྇܅၇Ꮭऄএԫ౨ٽႃխٌ࣐ؑࠫ
৫Δለ౨ᚕॴᒵٌ࣐հૠጩֆڤΔྥۖڼጟᐙփຝԳᦞ墿հࠫ৫Δࠡऄᄭ ࠉᖕথࠐ۞ԫڶऄᦞհ۩ਙࡎחΔڼរམᔡીڍޅေΖʳ
ʳ ʳ ʳ ʳ ڇรԿີհܒެڃխױ࿇Δڶᣂᢞٌऄਜ۩าঞร 11 යร 2 ႈհࡳ
ڶྤማ။ئऄհᦞᒤΔא֗ܫ۞ߪࠀྤኔᎾᛧ墿հݼኚߠլធΖۖٺ్
ኔ೭հߠᇞԫીΔኙ࣍Ղၲݼԫીආ࠷ܡࡳհߠᇞΖط࣍ማ။ئऄᦞհञᤜ ڇଡூܒެխኚڻנۖߢΔᚨڶଥऄհؘࢤΖױ౨հଥऄֱڤૹᄅڇᢞٌ
ऄร 157 යᅝխૠለࣔᒔհᦞයཱིΔᓿղᢞٌऄਜ۩าঞร 11 යร 2 ႈ ޓ堚ᄑհᦞࠉᖕΙࢨਢ༼֒ܓ墿ૠጩࡳհऄ৳ۯၸΔലᢞٌऄਜ۩าঞร 11යร 2 ႈհփ୲ຘመଥऄ࣋Եᢞٌऄร 157 යᅝխΖ
ઌለ࣍ᒵٌ࣐ូԵᦞհᔞشড়᧯ፖᔞش۩࣍ऄයխբڶࢼွ༴૪Ёै
ᦞࢤᔆڶᏝᢞࠦΕ࠷၇ၞᔄנЁڶᣂ࣍ូԵܓ墿հૠጩΔڇئऄխݙ٤ڶ༼
֗Ζᝩ܍ڶᄗਔᦞհञᤜΔଥऄழۿױەᐞല່ᔄᏝ່྇܅၇Ꮭऄհආش
֮ࣔࡳ࣍ය֮հխΔۖาᆏհૠጩംᠲֱطمऄृᦞΔ࣍ᢞٌऄਜ۩าঞղא
ࣔૡΖ
ʳ ʳ ʳ ʳ ڶᣂᒵٌ࣐ូԵᦞհࢤᔆΔڇء֮ࢬઔߒհܒެխΔྤᓵਢࣔᒔආ࠷ݮګ ᦞᎅհקچֱऄೃ 97 ڣૹ္ڗร 213 ᇆܒެΔࢨਢආ࠷ழயشհ
ऄೃ 88 Ղڗ 1530 ᇆܒެא່֗ऄೃ 99 Ղ 1838 ᇆܒެΔ݁آڍ܂ᓵ૪Ζਊ ᢞٌऄร 157 යร 4 ႈߒຶ᥆࣍ᄰழயࢨਢೈ؞ཚၴΔࠡᇞᤩഄڶٛᘸኙ࣍
ᒵٌ࣐ូԵᦞհࢤᔆ堚ᄑࡳۯΔڼԫૹᤜᠲኔ೭ڍאԿߢࠟመኔॺإ ᇞΔཚඨኔ೭آࠐ౨ڇଡூխኙ࣍ڼԫംᠲڍಘᓵΖʳ
127
ʳ ʳ ʳ ʳ ਊݮګᦞᎅ່ՕᚌរΔڇ࣍ᢞٌऄร 157 යร 4 ႈհࠟڣཚၴലᇞೈ؞
ཚၴΔאጐݶᒔࡳऄ৳ᣂএΔ൫ݮګᦞএԫ࿇سΕ᧢ޓΕᄰऄ৳ᣂএհᦞܓΔ ڍᏁڶၞԫޡհࡳΔࠏڕڃ༚णֱאऄ৳ᣂএ᧢ޓ৵հૉեം
ᠲΔஈڶݮګᦞࢤᔆհូԵᦞࠀլߩאലᛧܓطփຝԳ֫խٷᝫֆΔڼຝ։Ꮑ
۩Ιᓮޣᦞᎅೈڶ֮ᆠ֭؆Δᓮޣᦞհփො౨ജటإחֆ࠷ڃփຝԳ հᒵᛧܓΖྥழயࠫ৫ઌለ࣍ೈ؞ཚၴۖߢΔለᣄאݶຒᒔࡳऄ৳ᣂএΔආ ᓮޣᦞᎅᖙ܂ڼጟᣊۿլᅝܓհូԵᦞࠫ৫ΔࠡݔᔞࢤլྤጊᆠΖء֮ᎁΔ ڇݺഏऄհᒵٌ࣐ូԵᦞച۩ᖲࠫՀΔڍᑇփຝԳᒵٌ࣐հൣࠃຟᄎڇދঅ խ֨ޢתڣհᛀီՀ࿇Δၞۖ߰ຒၲࡨআᓮٷᝫᛧܓհ࿓ݧΔऄ৳ᣂএՆᣬ آެհൣࠃለլᄎ࿇سΖᓮޣᦞᎅೈڶऄය֮ڗհᖕΔٍለ୲࣐ሒګٷᝫփຝ ԳᛧܓհؾऱΖ۟࣍լᅝܓݮڤհܓ墿ٷᝫᓮޣᦞਢܡݔᔞհംᠲΔء֮א
ᒵٌ࣐ូԵᦞএאૉեড়ᨠٙᇠᅝ৵ΔܛױଷኆփຝԳհᒵᛧܓࠫ৫ு
֨Δਚଷኆڶऄ৳ՂڂհᒵᛧܓΔฤٽمऄृհૠॣΖط࣍ᒵٌ࣐
ូԵᦞհژڇսڍ࠹्ࡳΔਚڼጟഗ࣍مऄ࢚ࢬૠհᣊլᅝܓڤܓ墿ٷ ᝫΔսࠠڶԫࡳհإᅝࢤΔছၲᓵृۿڶڍᐞհΖጵՂࢬ૪Δء֮ለ֭ᓮ ޣᦞᎅΖʳ
ʳ ʳ ʳ ʳ ؆ԫଡञᤜਢڶᣂ࣍ݺഏऄਢܡڶֺؘᅃભഏऄհᒤΔࠫࡳᒤലਬ ࠄٌ࣐܍࣍ᒵٌ࣐ូԵᦞհᒤᡱᅝխΖڇء֮ࢬઔߒհܒެխࠀڶ༼֗ભ ഏऄհ܍ࡳΔਚႛ౨ૹᄅᛀီء֮รԲີรԲᆏխ༼֗հભഏऄ܍ࡳ
հᤜᠲ۶Δࠐᨠኘݺഏኔ೭ኙ࣍ᣊۿംᠲհֱڤΖʳ
ʳ ʳ ʳ ʳ ૉኙ࣍ભഏऄհ܍ࡳษฃհ։ᣊΔՕીױ։ګΚฤٽࠡהऄ৳ࢨࡳ
հٌ࣐Εऄ৳ய࣠ࢬسհैᦞ᧢೯ΕࠡהࡳԿᣊΖรԫᣊለྤጊംΔรԲᣊࠏ ڕഗ࣍ٽࠓۖհᢞٌ࣐ࠦ(Rule 16b-7 ය)Δࢨڂᤉࢭۖ࠷ڶᏝᢞࠦ(Rule 16b-5 ය)ΔรԿᣊঞא Rule 16a-13 යհॺא۩ࠌΕ᠏ངسࢤᢞࠦΔࢨܓشኙֆհ
128
ދปᦞհֱڤΔڇآᐙᢞࠦհ८ᙒܓ墿ՀΔ᠏ངैᦞ࠹墿ࢬڶᦞݮڤृ
ז।Ζኙᅃء֮ࢬઔߒհܒެ৵Δࠀآ࿇ፖ܍ࡳࢬृڶᣂհூࠏ
˅ˈˈΔਚمഗ࣍ኔᢞઔߒհ࣠Δྤऄ֭ݺഏمࠥᏁࠫૡᒵٌ࣐ូԵᦞ܍
ࡳհߠᇞΖʳ
ʳ ʳ ʳ ʳ ࢨڶᓵृᄎᔆጊΔڇݺഏ۩հࠫ৫ሎ܂Δኙ࣍ઌۿംᠲΔ౨ܡݔΛ ኙڼംᠲء֮ᎁא۩ਙࠤᤩኔᔆՂՈױሒګࠫૡ܍ࡳࢬሒګհؾ ऱΔլ۟࣍ڶمܛۖᣤૹհᒤዥΖਊ܍ࡳࢬᅸᤛհംᠲΔኙݺഏࠀॺ٤
ྥ૽سΔݺഏጥᖲᣂհࠤᤩΔբመऄ৳ய࣠ࢬسհैᦞ᧢೯ംᠲΔࠏڕ(96) ८ጥᢞԿڗร 0960048145 ᇆࠤ༉ਢᤉࢭհംᠲΖૉऄآڶܑհ᧢೯Δ ء֮ኙ࣍ᖂ৬ᤜᏺૡᒵٌ࣐ូԵᦞ܍ࡳհ৬ᤜΔࠀլ।ق֭Ζ
รᆏʳ ࠫ৫ኔᔌհޏ
ʳ ʳ ʳ ʳ ᒵٌ࣐ូԵᦞհऄउΔբ࣍ছԲີᆏխಘᓵΔءᆏᚵኙ࣍Հ٨ࠟଡം
ᠲၞԫޡհ൶ಘΚאދঅቸ᧯խ֨հച۩ᖲࠫΕֺࠏհԫທᓵܒެΖʳ
รԫႈʳ ᒵٌ࣐ូԵᦞհച۩ᖲࠫЁֆ墿ۥፖొጰߏԳച
۩ᖲࠫ
ʳʳ ʳ ʳ ʳ ᒵٌ࣐ូԵᦞڇݺഏհࠫ৫ሎ܂Δএطᢞٌࢬፖ឵၇խ֨࣍ޢڣհՂՀת ڣၞ۩ֆփຝԳᒵٌ࣐հኙΔࠀૠጩփຝԳࢬᛧܓ墿Δૠጩݙګ৵ല࣠
ಬދঅխ֨Δطދঅխ֨װࠤփຝԳআᓮٷᝫᒵᛧܓΔփຝԳࢴழঞᅮআֆ
۞۩ٻփຝԳ۩ࠌᒵٌ࣐ូԵᦞΔଣૉԫࡳཚૻࡻ۟ۖփຝԳࡸآٷᝫᒵ ᛧܓΔۖֆՈآኙࠡ༼ದ္ழΔދঅխ֨ᄎ࿇נژᢞॾࠤᄷໂ༼ದזۯ္
ΖڇՂ૪ੌ࿓ሎ܂ՀΔٽছၲີᆏኙ࣍ैعࠫ৫א֗ै᠏ᨃֱڤհտ
255ʳ Կૹ១࣐அ 96 ڣૹ՛ڗร 5044 ᇆܒެឈ௫ᢤፖ۩հಘᓵΔ܀ᠨֱࠀॺञചᢤፖਢܡᔞ شᒵٌ࣐ូԵᦞΔۖএञചਢܡڶᢤፖژڇΔኙ࣍ጥᖲᣂኙ࣍ᢤፖ۩լᔞشᒵٌ࣐ូԵ ᦞհߠᇞآڶܡࡳΔਚء֮լᎁຍᇆܒެױጠፖ܍ࡳڶᣂհܒެΖ
129
ฯ৵ΔܠԳױ࿇۩ࠫ৫Հႛڶދঅխ֨ױ࠷ᢞٌࢬፖ឵၇խ֨ࢬհփຝ Գᒵٌ࣐ᛧܓ।ΔֆՈਢຘመދঅխ֨հຏव৵ΔֱԱᇞփຝԳڶᒵ
ٌ࣐ൣࠃΔਚދঅխ֨ױᘯࡺ࣍ᒵٌ࣐ូԵᦞച۩࿓ݧհದរΔૉ֟ࠡຏ वΔڍփຝԳᒵٌ࣐հൣࠃലᣄא࿇ߠΖ
ࠃኔՂΔڇܠԳհუቝᅝխΔஎᄎᎁԫैࣟױ៶طᢞٌऄร 25 යհ
ैعࠫ৫Δא֗ٵऄร 22 යհ 2 հै᠏ᨃૻࠫΔ۞۩࿇փຝԳᒵٌ࣐
ൣࠃհڶྤΖྥۖڕٵءີรԲᆏࢬ૪Δڕ࣠֟փຝԳٌ࣐հګٌᏝΔս៱ ᣄא۩ࠌᒵٌ࣐ូԵᦞΖਊګٌᏝհઌᣂᇷறΔ݁൳ࠫڇᢞٌࢬፖ឵၇խ֨
֫խΔலԳྤൕवΖਚڇ۩հࠫ৫ሎ܂ՀΔೈॺᢞٌࢬፖ឵၇խ֨ᣋრֆၲ
փຝԳٌ࣐հᇷறࠎԳᇬΔܡঞႛڶދঅխ֨ױ៶طփຝԳᒵٌ࣐ᛧܓ।հ ᇷறΔव൜փຝԳڶྤᒵᛧ墿Δၞۖඔ೯ូԵᒵܓ墿հ࿓ݧΖᔆߢհΔڇ
۩ࠫ৫հՀΔૉྤދঅխ֨տԵΔץਔֆፖԫैࣟڇփΔᖇԫահԺ࿇೯
ᒵٌ࣐ូԵᦞհ۩ࠌΔ݁ױᘯᒴֵޣູΖྤᓵਢᒵٌ࣐ូԵᦞച۩խᑐհދ অխ֨Δލࢨਢڇދঅխ֨৵ފዝૹ᎖ܗߡۥհᢞٌࢬፖ឵၇խ֨Δച۩ᄐ ೭ሎ܂ழຟڶਬࠄֆ墿ۥΔլࡵאొհತቸऄԳࢨਢֆิ៣ီհΔਚء
֮ലݺഏհᒵٌ࣐ូԵᦞച۩ᑓڤΔጠψֆ墿ۥհߏԳച۩ᑓڤωΖʳ
ʳ ʳ ʳ ʳ ભഏऄՀᒵٌ࣐ូԵᦞհച۩Δঞܧፖݺഏݙ٤լٵհ૿ᎎΖڇᜤ߶ᢞ ጥᄎհጻీΔױ᎘ᠾࠩֆփຝԳኙ࣍ཏຏै֗سࢤᢞࠦհٌ࣐ધᙕΔץਔ
ֲཚΕᑇၦΕᏝᇷற݁ԫؾԱྥΖڼ؆Δڕٵء֮รԲີࢬ༼֗Δैࣟ༼ದ
ᒵٌ࣐ូԵᦞհזۯ္ழΔڇਬࠄൣउՀڶױ౨අๅٵழژڇঞհૻࠫΔ ڼጟऄߠᇞޓף࣋ᐈԱזۯ္հٙΖਚೈԱֆ۞աٻփຝԳᓮޣٷᝫ
ᒵᛧܓ؆Δैࣟຘመ৳ஃ࠰ܗၞ۩זۯ္հூࠏՈழڶࢬፊΖء֮ലભഏऄհ ᖲࠫጠψొጰհߏԳച۩ᑓڤωΖʳ
ʳ ʳ ʳ ʳ ຍࠟጟᖲࠫٺ۞ڶױ౨հംᠲژڇΔݺഏֆ墿ۥհߏԳച۩ᑓڤΔڶױ౨
130
ڂூٙၦመՕທګދঅխ֨հᖜΔ۟ᚲᚘࠩࠡהհᄐ೭փ୲Ι۟࣍ભഏऄ հొጰߏԳച۩ᑓڤΔམڶᖂृᎁڼࠫ৫հሎ܂Δ֘ۖח৳ஃᛧܓ᠆Ζਊ
ᒵٌ࣐ូԵᦞᢞګء܅Δٙለ୲࣐ᢞࣔΔᖄીਬࠄભഏ৳ஃᗨᄕᢞڶྤ
ᒵٌ࣐հൣࠃΔԫ؟࿇փຝԳڶᒵٌ࣐հൣࠃΔঁऄψࢵ᧹ωֆࢨै
ࣟܫΔ៶ڼᛧ৳ஃ၄Δڶԫܫ۟ႛᛧભ८ 1.1 ցհψܓ墿ω˅ˈˉΖʳ
ʳ ʳ ʳ ʳ ਊݺഏࠀآലփຝԳٺٌ࣐ᇷறԫԫֆၲΔೈॺ۩հᇷಛֆၲࠫ৫ڶࢬ ଥإΔܡঞڇݺഏۿᣄאආ࠷ભഏऄొጰհߏԳച۩ᑓڤΖྥۖऄೃՕऄࡴ
բڇᤩڗ 585Ε603 ᇆᇞᤩխᒔمԱݺഏऄኙ࣍ឆߏᦞհঅᎽΔૉޣփຝԳֆ
ၲٺٌ࣐ᇷறΔڶྤॿ୭փຝԳឆߏᦞհጊᆠΔլྤጊംΖ۞ 93 ڣא૾Δ ދঅխ֨հᒵٌ࣐ូԵᦞூٙՕ᧯ܧ྇֟հႨΔܠԳࢬᖜ֨հூٙၦ መՕᐙދঅխ֨ᄐ೭հംᠲۿآ࿇سΖഗ࣍Ղ૪طΔەၦొጰհߏԳച۩ᑓ ڤՈॺڶរΔਚء֮ࠀլᎁݺഏॺߨٻભഏऄհሁᒵΖאၸۖߢΔ ֆ墿ۥհߏԳച۩ᑓڤֹኑਢለᔞٽݺഏհࠫ৫Ζʳ
ਚآࠐױ٣ൎ֏۩ച۩ᑓڤհሁᒵၞ۩ଥऄΔٽছၲܒެઔߒհګ
࣠Δء֮ᎁآࠐᚨᚌ٣ಾኙދঅቸ᧯זۯ࠹ᏆհᦞૻଥऄΔڕٵছԫີᆏࢬ
༼֗ΔଥऄױڇދᇷԳঅᥨऄᅝխૡمऄᄭࠉᖕΔւঅᥨᖲዌזۯ࠹ᏆփຝԳ
ᒵᛧܓΔࠠ᧯ֱڤױطދঅቸ᧯࣍זۯ࠹Ꮖ৵ၞ۩༼ژ৵Δঅᥨቸ᧯Ꮑڇԫࡳ
ཚၴփലᒵᛧ墿᠏ٌֆΔ۟࣍ψԫࡳཚၴωᚨᇠڕ۶ࡳΔսڶಘᓵ़ၴΔ ء֮৬ᤜױאࠟଡִૻΖྥۖଥऄڶྤؘݙ٤ඈೈԫैࣟ༼ದזۯ္հ ױ౨ࢤΔء֮অఎኪ৫Ζਊآࠐհᇷಛֆၲਙآቫլᄎ᧢೯Δܛঁ۩հ ၜᢰࠫ৫ሎ܂ՀΔԫैࣟזۯֆ༼נᒵٌ࣐ូԵᦞհ္ᣄ৫ᄕՕΔ܀
অఎڼጟࡳΔ۟֟ڶਬጟقრᆠΔחփຝԳڶਬࠄݲژڇΔਚء֮լᎁ
ݺഏᏁݙ٤ඈೈԫैࣟ༼ದᒵٌ࣐ូԵᦞזۯ္հױ౨ࢤΖʳ
256 Michael H. Dessent, Weapons to Fight Insider Trading in the 21st Century: A Call for the Repeal of Section16(b), 33 Akron L. Rev. 491-493 (2000).
131
รႈʳ طԫທᓵܒެݺഏᒵٌ࣐ូԵᦞհച۩ᖲࠫ
ʳ ʳ ʳ ʳ ᒵٌ࣐ូԵᦞհԫᐉܒެխΔڶګհூٙܫஂհԫທᓵܒެΔ ڼԫွરԳ༈࠺Ζਊܫ࣍ߢဲᓵཚֲஂΔྤฆ࣋ඵ്ፖᗧհᖲ ᄎΔՕ༏ᏺףඓ္ױ౨ࢤΔڼጟွհګڂଖߒΖʳ
ʳ ʳ ʳ ʳ ᒵٌ࣐ូԵᦞհԫທᓵܒެګڂΔڶ༓ଡױ౨հΚߓञ८ᠰ֜܅ח
ܫլᣋक़ழၴנஅᓵΕܫࢨ္ࠡזԳڂᓢஅง؈آנஅܫ
ᥨΕܫֱᎁ္ᖲ֜܅ࢤ࣋ඵຫ૪ΖאՀঞᛀီՂၲհٽࢤΖʳ ʳ ʳ ʳ ʳ ߓञ८ᠰڍ֟ᄎᎁψ֜܅ωΔຍଡംᠲࠀլ୲࣐ڃΖਊ(91)ೃᨚا ԫڗร 03075 ᇆࠤբലՂ္รԿᐉհܓ墿༼۟ᄅኞ 150 ᆄցΔਚࡤאڼԫ ᑇᠰە॰ាΖڇء֮հઔߒᑌءխΔᒵٌ࣐ូԵᦞհԫທᓵܒެߓञ ८ᠰհጩؓ݁ᑇፖխۯᑇ։ܑપ 235 ᆄፖ 27 ᆄΔࠡխႛڶ 3 ଡܒެᔞش១
္࣐࿓ݧΖطխۯᑇհᨠរۖߢΔᒔኔ܅࣍ 150 ᆄցΔྥۖڇ 8 ଡԫທᓵ ܒެᅝխΔսڶ 3 ଡܒެհߓञ८ᠰ၌መ 150 ᆄΔ։ܑપ 1684 ᆄΕ353 ᆄΕ319 ᆄΔطਢᨠհΔञᤜ८ᠰ܅ࢨڶᐙΔ܀ۿྤऄݙ٤ᇞᤩֺࠏԫທ
ᓵܒެհګڂΖʳ
ڇ 8 ଡԫທᓵܒެխΔႛ 1 ଡܒެհܫڶᆤᓮ৳ஃ257Δۖᇠܒެړਢ ഄԫ࠷္ृΖط࣍ܫլԫࡳࠠڶऄ৳റᄐवᢝΔط࣍آᆤᓮ৳ஃ࠰ܗۖ᎘
࢙נஅհૹΔᖄીܫᜢᓮԫທᓵܒެᛧΔڼጟංᓵᒔኔڶױ౨ګمΖ
ૉՂၲංᓵګمΔԫଡଖ৸ەհംᠲΔ۶אܫլᣋრᆤᓮ৳ஃ࠰ܗΖᓵ
ृࢨᄎנڼጟංྒྷΚᒵٌ࣐ូԵᦞ္८ᠰ֜܅ΔחܫլᣋދԵ֜ڍګ ءၞ۩္Ιԫጟױ౨հංྒྷΚܫհತԺլߩא๛ᠰհ৳ஃ၄شΖྥ
ۖΔߓञ८ᠰ၌መ 300 ᆄցհ 3 ଡܒެհܫ݁آᆤᓮ৳ஃΙԫທᓵܒެլ
ܫਢऄԳհூٙ258ΔࠉൄۖߢΔऄԳᚨለڶᖜ৳ஃ၄شհತԺΔਚছၲං
257 ᓮߠΚႂچֱऄೃ 89 ္ڗร 3007 ᇆܒެΖ
258 ᓮߠΚקچֱऄೃ 90 ္ڗร 1126 ᇆܒެΕקچֱऄೃ 90 ္ڗร 785 ᇆܒެΕקچ
ֱऄೃ 90 ္ڗร 787 ᇆܒެΕקچֱऄೃ 95 ק១ڗร 17993 ᇆܒެΕקچֱऄೃ 87 ္ڗ ร 1695 ᇆܒެΖ
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ྒྷ݁ژڶଖዎհΖ
ૉطآᆤᓮ৳ஃ࠰ܗհԫທᓵܒެΔ٤ຝᛧඓ္࣠ۖߢΔۿܭٽܫ ᎁᣄאᛧ္ܒެΔਚຕ۩࣋ඵᗧፖຫ૪ᖲᄎհΔڼጟΔٵழՈ ױאᇞᤩ۶אܫլᆤᓮ৳ஃ࠰ܗΖ൫ڼጟᎅऄڕٵছၲԫΔᖕս࿑
ᜳஇΔսᏁၞԫޡհઔߒֱ౨ᓵឰΖ
ྤᓵֺࠏհԫທᓵܒެటإګڂ۶Δٽء֮ኙ࣍ᒵٌ࣐ូԵᦞച
۩ᖲࠫհ༴૪ױ࿇Δݺഏ۩հᖲࠫሎ܂אދঅխ֨ࠫ৫ച۩ு֨Δ៶طᢞ
ٌࢬፖ឵၇խ֨հ࠰ܗΔחދঅխ֨אᒔኔ༳༽փຝԳᒵٌ࣐೯ኪΔࠀאᄕ
܅հګءፖᄕ֟հԳԺΔຏवփຝԳٷᝫᛧܓΔՕڍᑇणउՀփຝԳՈຟᣋრ
ٽΖ֟ᑇհփຝԳլᣋٷᝫᛧܓழΔֆፖދঅቸ᧯࣍ࢬ༼ದհ္ࢨזۯ္
ᅝխՈڍת౨ᛧ္࣠Δ۟ױ౨חփຝԳᎁ۞աڶጩڂۖլᆤᓮ
৳ஃ࠰ܗΔՈ࣋ඵנஅᗧհᖲᄎΔۖขسֺࠏհԫທᓵܒެΖጵՂࢬ૪Δ ݺഏֆ墿ۥհߏԳച۩ᑓڤΔګפچא່܅հګءګ༉ԱԫଡᄕڶயΕګ யᄕࠋऱᒵٌ࣐ូԵᦞച۩ᖲࠫΔآࠐհଥऄխ֨ᚨထૹ࣍ፂ۩ࠫ৫ሎ
܂Δࠀಾኙזۯ࠹Ꮖא֗ࡌᢰ᎖ܗࠫ৫ૉեଥإΔֹۖኙᒵٌ࣐ូԵᦞհ ച۩ᖲࠫءߪ֜ڍ᧢Ζʳ
รքີʳ ʳ ᓵʳ
ʳ ʳ ʳ ʳ ء֮ࢬઔߒհᒵٌ࣐ូԵᦞܒެᑇၦႛ 31 ٙΔլ֗ދঅխ֨ޢڣ೯᎗
ԿۯᑇڗհூٙၦΔ።ڂᒵٌ࣐ូԵᦞאܒެհृᑇլڍߠΖڇᒵٌ࣐
ូԵᦞዌګٙհಘᓵխʿױ堚ᄑ࿇ߠڍᖂ൶ಘհംᠲս៱ྤऄൕܒެխ༈
ބூΔۖڼጟွߒຶএڂଡூᅝխࠀآ࿇سઌᣂംᠲΔލࢨਢംᠲڶ࿇س܀
ࠀآၞԵܒެᐋڻಘᓵΔսآ౨ܠԳࢬवΔ൫ء֮ࠀլڂڼᎁኔᢞઔߒශྤ
ᏝଖፖؘࢤΖ።ኔᢞઔߒᇨ࿇उΕ༴૪उհܓᕴΔਚء֮սཚ౨៶ طܒެኔᢞઔߒհګ࣠Δݙګԫॣ൶ࢤΕ࿇ࢤΔፖ༴૪ࢤհࠫ৫उ༴ᢄΖʳ
133
ࢭՂࢬ૪Δء֮אᑇ༓ݦհܒެኙ࣍ዌګٙհಘᓵנ࿇Δᇢቹ܂נ່ᔞ
֊հᇞᤩፖ৬ᤜΖڼ؆Δಾኙᒵٌ࣐ូԵᦞլױࢨհၜᢰ᎖ܗࠫ৫ЁփຝԳ
ैعΕփຝԳै᠏ᨃૻࠫЁՈאሽګ࣠ഗࢍΔೈ༼ࠎ৬ߢ؆Δޓధೈ
መװಮ৸Δլᎁᇠ᎖ܗࠫ৫հژڇΔߩױחֆ᎘࣐ូԵփຝԳᒵᛧܓΖʳ
ʳ ʳ ʳ ʳ ء֮ᐊ܂հॣΔઐ౨࣍Աᇞᖞଡᒵٌ࣐ូԵᦞ۩ࠌ᧯ߓ৵Δኙ࣍ࠡլߩհ
༼נ৬ߢፖ֘ઊΖ൫ኔᢞઔߒ࣠᧩قΔݺഏڇᒵٌ࣐ូԵᦞհ۩ࠌՂΔբ ݮګԫڶயΕ܅ګءۖګய࠱ထհ᧯ߓΔ।ฆൄᚌฆΔೈזۯച۩ፖ࠹Ꮖ
ૉեംᠲڶଥإհؘ؆ΔࠀྤᏁՕԸខ࣌հΖڼԫ࣠ኔڶנԳრறհ
ΔՈ᧩قݺഏऄࠫڶழսڶ࠱။հΔࠀॺᏁ؆ഏਢ៓Ζʳ
ء֮հઔߒ࣠Δ৬ዌڇԫૹࠃኔհՂΔܛݺഏհփຝԳΔኙ࣍փຝᛧܓ հٷᝫઌᅝᘻᥬٽΔڼംᠲ௫ᐖΔཬᖂृԵ൶ಘΔृՈݦඨء֮ኙ
࣍ڼԫࠃኔհ༼נΔ౨گࢹᗤ֧دհפΔחᖂאإီࠀԵᨵઔڼംᠲ259Ζ
259 ױ౨ऱೈء֮รնີམ༼֗հփຝԳᎁ۞ալᄎ္հ؆ΔփຝԳ៶طԳᙰ֪ᝩ
ᒵٌ࣐ូԵᦞΔਚᒵٌ࣐ൣࠃ࿇ᤚհֺࠏ܅Ιލࢨਢጥᖲᣂڶ؆ຝᅮհԺၦΔחփ ຝԳլլψ࡚ֆښऄωΔ൫ڼԫംᠲբ၌။ء֮౨ԺΔྤԺڍ൶ಘΔਚႛ౨ฃ༼࣍ڼΖ
134 ʳ
ە֮ʳ
ԫΕխ֮ຝ։(ࠉ܂ृࡩּඈ٨) (ԫ)റΚ
1. ׆ظԬΕᄘ৬ဎΕᔤթ(2009)Ζπاࠃ္ऄᄅᓵρΖקΚ۞עΖ 2. ׆٢ᣛΕࣥࡳଉΕᄘ֮՞(2003)Ζπ༿ၲऄࡴၦ٩֨ᢞऱ႕ฏ ऄอૠኔ
ᢞઔߒρΖᙄۯΚק৳ஃֆᄎΕاၴऄޏഗ८ᄎΖ 3. ׆֮ڙʻ2006ʼΖπֆऄᓵρΖଥإԿठΖקΚցᅃΖʳ
4. مऄೃమᒳٱ(1968)Ζπᢞٌ࣐ࠦऄூՂםρΖ
5. ५ᜤஐ(2001)ΖπञរᖞֱऄᓵρΖקΚԿاݝ᜔ᆖᔭΖ 6. ޕၲ(2006)ΖπᢞࠦጥऄᄅᓵρΖᏺૡठΖקΚնতΖ 7. ܦ٠ࣔ(1996)Ζπᢞٌ࣐ࠦऄᓵρΖקΚԿاΖ
8. ತਙຝᒳ(1998)Ζπ८ᘜᄅ՛ิᄎᤜኔᙕρΖ
9. ്ై֮(1995)ΖπᢞࠦދᇷԳঅᥨࠫ৫հઔߒρΖತቸऄԳխဎاഏᢞࠦዄཚ ຄؑ࿇୶ഗ८ᄎറᠲܫΖ
10. མࡷڕ(2006)Ζπᢞٌ࣐ࠦऄρΖଥإठΖקΚցᅃΖ 11. Ꮵຑᅄ(2007)Ζπᄅᢞٌ࣐ࠦऄኔࠏઔρΖקΚցᅃΖ
12. ᘸᅃ(2006)ΖπैؑሏᚭঞЁ່ᄅᢞٌ࣐ࠦऄᇞ࣫ρΖקΚ۞עΖ 13. ᘸᅃ(1992)Ζπᢞٌ࣐ࠦऄດයᤩᆠΔรԿםρΖקΚ۞עΖ
(Բ)ཚעᓵ֮Κ
1. ׆֮ڙ(2010)ΖτֆᆖԳհזᦞૻፖ।ߠזυΔπءՒऄᖂᠧρΔ ร 50 ཚΔ 157-166
2. ޕཕո(2005)Ζτݺഏᒵٌ࣐ូԵᦞࠫ৫հ࿇୶ٻЁᓵ૿ፖኔᢞ૿հ൶
࣫(Ղ)υΔπႃঅִעρΔร 134 ཚΔ 5-32Ι
3. ޕཕո(2005)Ζτݺഏᒵٌ࣐ូԵᦞࠫ৫հ࿇୶ٻЁᓵ૿ፖኔᢞ૿հ൶
࣫(Հ)υΔπႃঅִעρΔร 135 ཚΔ 3-18Ζ
135
4. ܦ܌࣑(1997)ΖτփຝԳᒵٌ࣐հऄ৳ᒤዄኔ೭ሎ܂հઔಘυΔπᢞٌᇷ றρΔร 423 ཚΔ 21-37Ζ
5. ࣥഏ٤(1999)Ζτᢞٌ࣐ࠦऄรԫնԮයᒵٌ࣐ូԵᦞհઔߒυΔπխᘋऄ ᖂρΔร 45 ཚΔ 261-311Ζ
6. ࣥഏ٤(1992)Ζτᢞٌ࣐ࠦऄรԫնԮයհԫփຝԳٌ࣐ᆃַࡳհ൶ಘυπਙ ՕऄᖂေᓵρΔร 45 ཚΔ 259-303Ζ
7. ພࡲႂ(2002)ΖτូԵᦞհ۩ࠌυΔπኔشִעρΔร 330 ཚΔ 74-77 8. ຫ൫ᚊ(1991)Ζτኔ೭ՂូԵᦞூٙհઌᣂംᠲυΔπᢞࠦጥρΔร 9 ࠴ร
10ཚΔ 2-10Ζʳ
9. ႓ഏ࣑ΕຫஐؓΕࣥൄॹ(2009)τ໎ᇷञᤜ࠰ᓳ࿓ݧհኔᢞઔߒѧѧאψਙ
ࢌ࠰ᓳωፖψاၴ࠰ᓳωհֺለխ֨υΔπխઔೃऄᖂཚעρร 7 ཚΔ
209-267Ζʳ
10.ʳ ʳ ႓ᆣ(2011)Ζτփᒵٌ࣐ᒤፖೝυΔऄࡴಝᒭࢬऄࡴร 50 ཚᖂᐷ ᐊऄᖂઔߒܫΔ 1-15Ζ
11. མࡷڕ(2010)ΖτݺഏֆऄৱᇞެհംᠲЁאֆऄࠫഗ៕ᓵு֨υΔ πִ؟ऄᖂᠧρΔร 181 ཚΔ 50-62Ζ
12. མࡷڕ(2010)Ζτᄅଥإᢞٌ࣐ࠦऄЁᇷಛ༿Εֆएፖփᒵٌ࣐հޏ
υΔπऄᖂᠧρΔร 155 ཚΔ 22-29Ζ
13. མࡷڕ(2010)Ζτ৬ዌݺഏփᒵٌ࣐հᒤΚൕᆃַփᒵٌ࣐ࢬঅᥨհऄ 墿֊ԵυΔπՕऄᖂᓵហρΔร 38 ࠴ร 1 ཚΔ 253-310Ζ
14. མࡷڕ(2010)Ζτݺഏזۯ္հኔᎾפ౨ፖآࠐ࿇୶Ё৸ەՂऱळរυΔπ
ऄᖂᠧρΔร 159 ཚΔ 27-33
15. ്֨(2004)ΖτֆփຝԳैᦞ᠏ᨃૻࠫࡳհઔߒЁאᢞٌ࣐ࠦऄรԲ ԼԲයհԲխ֨υΔπਙՕऄᖂေᓵρΔร 79 ཚΔ 221-256Ζ
16. Ꮵຑᅄ(1997)ΖτᆃַփຝԳٌ࣐-ᒵٌ࣐հऄ৳ംᠲυΔπႃঅִעρΔร 44ཚΔ 3-13Ζ
17. Ꮵຑᅄ(1998)Ζτسࢤᢞࠦسࢤ८ᘜፖᒵٌ࣐հᒤυΔπႃঅִ
עρΔร 57 ཚΔ 23-34Ζ
136
18. Ꮵຑᅄ(2001)ΖτཏຏैΕܑैፖᒵٌ࣐հᒤυΔπኔش࿔೭ρΔร 321 ཚΔ 74-76Ζ
19. Ꮵຑᅄ(2004)Ζτैࣟז।္υΔπءՒऄᖂᠧρΔร 64 ཚΔ
156-161Ζ
20. Ꮵຑᅄ(2006)Ζτփᒵٌ࣐ᓵፖփຝԳᒤ(Ղ)υΔπִ؟ऄᖂඒρΔร 50 ཚΔ 84-94Ζ
21. Ꮵຑᅄ(2006)Ζτփᒵٌ࣐ᓵፖփຝԳᒤ(Հ)υΔπִ؟ऄᖂඒρΔร 51 ཚΔ 86-93Ζ
22. Ꮵຑᅄ(2010)ΖτࠃኔՂᇀࠃ֗ᐙᇀࠃυΔπִ؟ऄᖂඒρΔร 96 ཚΔ
20-21Ζ
23. ᘸᅃ(1988)ΖτփຝԳٌ࣐ऱូԵᦞЁભഏऄऱࡳ(Ղ)υΔπᢞࠦጥρΔ ร 6 ࠴ร 1 ཚΔ 4-14Ζ
24. ᘸᅃ(1988)ΖτփຝԳٌ࣐ऱូԵᦞЁભഏऄऱࡳ(խ)υΔπᢞࠦጥρΔ ร 6 ࠴ร 2 ཚΔ 4-14Ζ
25. ᘸᅃ(1988)ΖτփຝԳٌ࣐ऱូԵᦞЁભഏऄऱࡳ(Հ)υΔπᢞࠦጥρΔ ร 6 ࠴ร 3 ཚΔ 8-26Ζ
26. ᘸᄭࣾ(1994)Ζτᢞٌ࣐ࠦऄհֆؓᖲࠫυΔπִ؟ऄᖂᠧρΔร 1 ཚΔ
89-98Ζ
27. ᤕཱུ࣪(1997)ΖτભഏΕֲء֗ݺഏᢞٌ࣐ࠦऄኙֆၲ࿇۩ֆփຝԳै
ጥࡳհֺለ(ԫ)υΔπᢞࠦ឵ឺρΔร 16 ཚΔ 1-12Ζ
28. ᤕߐੳΕ១ිख़(2003)Ζτᢞٌ࣐ࠦऄรԫնԮයଥإհᛀಘፖ৬ᤜυΔπִ
؟ऄᖂᠧρΔร 92 ཚΔ 167-185Ζ (Կ)റᓵ֮Κ
1. Ꮵຑᅄ(1997)Ζτ۩փຝԳᒵٌ࣐ᒤհᛀಘፖᒤႨհઔߒυΔگ࣍
ּထπֆऄᓵፖܒެઔߒ(Բ)ρΔ 187-244ΖקΚցᅃΖ
2. མࡷڕ(2008)Ζτഏ 2006 ڣֆऄհޏፖैࣟזۯ္υΔگ࣍ᘸᄭࣾ
ඒԮ఼ဎᓭఴኂᓵ֮ႃᒳᙀࡡᄎᒳΔπತᆖऄࠫᄅழזЁᘸᄭࣾඒԮ
఼ဎᓭఴኂᓵ֮ႃρΔ 295-317ΖקΚցᅃΖ
137
3. མࡷڕ(2010)ΖτᓵᇀࠃፖኘԳኙֆ႘ᦞԳհຂٚΚאֆ૿ᜯತ೭ܺ
ᣄு֨υΔگּ࣍ထπֆհᆖᛜृΕैࣟፖ႘ᦞԳρΔ 179-267ΖקΚ ցᅃΖ
()ᖂۯᓵ֮Κ
1. ׆ࣟࣙ(2009)Ζπփᒵٌ࣐ፖᒵٌ࣐ᒤհઔߒ—אऄ৳ᆖᛎ։࣫ᓵࠟृ
հژᐒխ֨ρΔࣟܦՕᖂጚՓᓵ֮Ζ
2. ޕ؏ဏ(2005)Ζπྤᇀࠃߪ։ृᔞشᒵٌ࣐ᒤհઔߒЁא८൳ֆࢬ᥆
൳ࠫֆխ֨ρΔ 140-143ΔࣟܦՕᖂऄ৳ᖂߓጚՓᓵ֮Ζ
3. ާᐝႁ 1994)ΖπូԵᦞऄ৳ࢤᔆհઔߒρΔഏمխᘋՕᖂऄ৳ᖂઔߒࢬጚՓ ᓵ֮
4. ࣥࡗݳ(1995)Ζπᒵٌ࣐ড়᧯հઔߒρΔࣟ௧Օᖂऄ৳ᖂઔߒࢬጚՓᓵ֮Ζ 5. ࣥՕၫ(2007)Ζπᓵ८ᘜ൳ैֆհᆖᛜ൳ࠫፖܓ墦ᓢડհ܍ˀᇢאψၲ࿇
८ࠓ८ቓᢞூω֗ψխॾ८ࠓ٢᠆८ூω൶ಘհρΔࣟܦՕᖂऄ৳ᖂߓ ጚՓᓵ֮Ζʳ
6. ࣥࣔॾ(2009)Ζπᒵٌ࣐ូԵᦞհ൶ಘЁאូԵᦞհإᅝࢤխ֨ρΔഏم
קՕᖂऄ৳ᖂߓጚՓᓵ֮Ζ
7. ࡌలا(1995)Ζπᒵٌ࣐ូԵᦞ۩ࠌհઔߒρΔࣟܦՕᖂऄ৳ᖂઔߒࢬጚՓ ᓵ֮Ζ
8. ஊᙔ壁(1995)ΖπփຝԳٌ࣐ូԵᦞ۩ࠌհઔߒЁᢞٌ࣐ࠦऄรԫۍնԼ ԮයհژᐒംᠲρΔഏمխᘋՕᖂऄ৳ᖂઔߒࢬጚՓᓵ֮Ζ
9. ຫᅃ(2008)Ζπൕᑛᅩፖഏؑᛒشࠫૠ֘৸ݺഏኙփᒵٌ࣐ፖᖙ
᜕ؑհࠫ৫ૠρΔഏمՕᖂऄ৳ઔߒࢬጚՓᓵ֮Ζ
10.ʳ ʳ ʳ๗(2009)Ζπᓵ൳ࠫैࣟհॾٚᆠ೭ρΔᄅՕᖂऄ৳ᖂߓጚՓᓵ֮Ζʳ 11.ʳ ʳ ʳ႓൮㵸(2009)Ζπᓵݺഏֆऄ൳ࠫैࣟ࠹ಜᆠ೭հऄᒤ৬ዌρΔᄅՕᖂ
ऄ৳ᖂߓጚՓᓵ֮Ζʳ
11. ᓐࡷੱ(2008)Ζπᓵᒵٌ࣐ូԵᦞհᒤפ౨֗ژᐒρΔഏمխإՕᖂತ
138 ᆖऄ৳ઔߒࢬጚՓᓵ֮Ζ
12. ᤕ༄ᥟ(2006)Δπᓵᒵٌ࣐ូԵᦞհژܡρΔᄅՕᖂऄᖂೃጚՓᓵ֮Ζ ԲΕ֮ຝ։ʻࠉ֮ቤඈ٨ʼʳ
(ԫ)റΚ
1. Palmiter, Alan R. (2005), SECURITIES REGULATION, Aspen, 3rd edition.
2. Loss, Louis & Seligman, Joel (1995) , FUNDAMENTALS OF SEURITIES REGULATION, Aspen Law & Business, 3rd edition.
3. Hazen, Thomas Lee (1996), THE LAW OF SECURITIES REGULATION, WEST PUBLISHING CO. 3rdedition.
(Բ)ཚעᓵ֮Κ
1. Bateman, Hal M. (1971), The Pragmatic Interpretation of Section 16(b) and the Need for Clarification, 45 St. John’s L. Rev. 772-801.
2. Chin, Andrew (1997), Accurate Calculation of Short-Swing Profits under Section 16(b) of the Securities Exchange Act of 1934, 22 Del. J. Corp. L.
587-599.
3. Dessent, Michael H. (2000), Weapons to Fight Insider Trading in the 21st Century: A Call for the Repeal of Section16(b), 33 Akron L. Rev. 481-522.
4. Gerson, Philip M. (1970) Section 16(b)ΚRe-Evaluation is Needed, 25 U. Miami L. Rev. 144-172.
5. Hazen, Thomas L. (1976) The New Pragmatism Under Section 16(b) of the Securities Exchange Act, 54 N.C. L. Rev. 1-57.
6. Hecker, Edwin W. (1975) Section 16(b) of the Securities Exchange Act: An Analysis of the Time When Insider Status is Required, 24 U. Kan. L. Rev.
255-278.
7. Husban, John M. & Powers, Albert Theodore (1980), Section 16(b) of the Securities Exchange Act of 1934 and Insider Trading Involving Issuer-Granted Employee Stock Options, 57 Den. L.J. 71-102.
8. Lai, Yuan-ho (1982),τLiability For Short—Swing Profits On Insider TradingυΔ πਙՕऄᖂေᓵρΔร 26 ཚΔ 246-262.
9. Lowenfelst , Lewis D. (1969), Section 16(b): A New Trend in Regulating Insider Trading, 54 Cornell L. Rev. 45-54.
139
10. Munter, John E. (1967), Section 16(b) of the Securities Exchange Act of 1934Κ An Alternative to “Burning Down the Barn in Order to Kill the Rats”, 52 Cornell L. Rev. 69-101.
11. O’Connor, Marleen A. (1989), Toward a More Efficient Deterrence of Insider Trading: The Repeal of Section 16(b), 58 Fordham L. Rev. 309-381.ʳ
12. Okamoto, Karl Shumpei (1992), Rereading Section 16(b) of the Securities Exchange Act, 27 Ga. L. Rev. 183-251ˁ
13. Pozen, Robert C. (1981), An Overview of the Proposed Code's Treatment of Private Causes of Action and Damage, Pace L. Rev. 369-371, available at:
http://digitalcommons.pace.edu/cgi/viewcontent.cgi?article=1062&context=law rev ʻ່৵ោᥦֲΚ10/09/2010ʼ.
14. Samuelson,S.S. (1988), The Prevention of Insider TradingΚA Proposal for Revising Section 16 of the Securities Exchange Act of 1934, 25 Harv. J. on Legis.
511-531.
15. Steinberg, Marc I. & Landsdale, Jr , Daryl L. (1993), The Judicial and Regulatory Constriction of Section 16(b) of the Securities Exchange Act of 1934, 68 Notre Dame L. Rev. 33-79.
16. Taylor, Ellen (1997), Teaching an Old Law New TricksΚRethinking Section 16, 39 Ariz. L. Rev 1315-1359 .
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