Further Reorganization on Limited Liability System in Corporation Law

The limited liability system is a great beginning in the history of development of law,and has brought unlimited energy for the development of the world economy.However,people's understanding of the system itself is not uniform;particularly there is still a bias in the understanding of the limited liability system which is provided in the Corporation Law.The inner meaning of the limited liability system is analyzed in-depth;the social function and economic value of the limited liability system is described in detail.