2006•Unpublished venueRequires access

The Responsibility of Shareholder to the Obligation of Company

Tao Ma

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Abstract

The personality of the shareholder and company is independent,and the shareholder and the company have the civil subject position respectively.Generally,the company law of all countries provises that the shareholder undertakes the limited liability to the obligation of company.But the shareholder′s undertaking of the limited liability to the obligation of company is just in regard to general meaning,actually,the responsibility of shareholder to the obligation of company is more complicative,being not only limited by the limited liability,under some conditions,the shareholder still needs to undertake the unlimited liability to the company obligation.

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What this paper is about

The personality of the shareholder and company is independent,and the shareholder and the company have the civil subject position respectively.Generally,the company law of all countries provises that the shareholder undertakes the limited liability to the obligation of company.But the shareholder′s undertaking of the limited liability to the obligation of company is just in regard to general meaning,actually,the responsibility of shareholder to the obligation of company is more complicative,being not only limited by the limited liability,under some conditions,the shareholder still needs to undertake the unlimited liability to the company obligation.

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Available abstract

The personality of the shareholder and company is independent,and the shareholder and the company have the civil subject position respectively.Generally,the company law of all countries provises that the shareholder undertakes the limited liability to the obligation of company.But the shareholder′s undertaking of the limited liability to the obligation of company is just in regard to general meaning,actually,the responsibility of shareholder to the obligation of company is more complicative,being not only limited by the limited liability,under some conditions,the shareholder still needs to undertake the unlimited liability to the company obligation.

Key concepts: Obligation, Shareholder, Business, Limited liability, Liability, Accounting, Position (finance), Law and economics

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