On the Shareholders' Civil liabilities in a Limited Liability Company for Falsifying and Withdrawing Their Capital Contribution
Sun Wenchao
Abstract
Sun Wenchao
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.
Key concepts: Shareholder, Damages, Creditor, Capital (architecture), Liability, Limited liability, Business, Legal liability