Ten years ago, the management academia pointed out that enterprise's produce factors are case, machine, equipment and employee. Besides, another factor will be knowledge. And then, industrial community, the authority concerned and academia put emphasis on knowledge product, intellectual property rights and knowledge management respectively. It's necessary to develop actively knowledge industry and knowledge economy because our country's short of natural resource. As to jurisprudence, IPR law protects the result of research and development and corporation law also revises corporate capital legal institution and the way to raise money. With the above-mentioned illustration, this article looks into theory and practice of corporate capital legal institution and then discusses Taiwan's legal institution of corporation to raise operation fund by intellectual property rights. At first, this article explains the content and difference between IPR and intellectual capital. At the same time, it also indicates the influence of IPR on corporation. The second part of this article uses legal theory of corporate capital to elaborate the past and present of legal capital institution and the change of authorized capital institution. This part still, moreover, generalizes some legal issues which arise from the practice of investing professional technology in corporation. Part three introduces the main way to finance in financial market by corporation taking use of intellectual property rights. Part four analyzes legal institution of IPR collateral finance and IPR securitization in Taiwan. Final part of this article makes conclusion and expects corporate capital legal institution in Taiwan to be healthy, so that intellectual capital of corporation will be formed and knowledge economy will be developed endlessly.