2008Journal of Hebei Polytechnic UniversityRequires access

On the Shareholders' Civil liabilities in a Limited Liability Company for Falsifying and Withdrawing Their Capital Contribution

Sun Wenchao

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Abstract

The shareholders' blemish in their capital contribution,especially when they falsify or withdraw the capital contribution,greatly injures the interests of other shareholders,the company and creditors.They should be liable for civil damages,while the company law lacking related systematic rules.Through the analysis of shareholders' civil liabilities for their falsifying and withdrawing the capital contribution in a limited liability company,the author offers some proposals for improving the civil liability system.

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The shareholders' blemish in their capital contribution,especially when they falsify or withdraw the capital contribution,greatly injures the interests of other shareholders,the company and creditors.They should be liable for civil damages,while the company law lacking related systematic rules.Through the analysis of shareholders' civil liabilities for their falsifying and withdrawing the capital contribution in a limited liability company,the author offers some proposals for improving the civil liability system.

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Available abstract

The shareholders' blemish in their capital contribution,especially when they falsify or withdraw the capital contribution,greatly injures the interests of other shareholders,the company and creditors.They should be liable for civil damages,while the company law lacking related systematic rules.Through the analysis of shareholders' civil liabilities for their falsifying and withdrawing the capital contribution in a limited liability company,the author offers some proposals for improving the civil liability system.

Key concepts: Shareholder, Damages, Creditor, Capital (architecture), Liability, Limited liability, Business, Legal liability

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