Company Law of the People's Republic of China
Article 13
The legal representative of the company shall be the chairman, executive director or manager in accordance with the articles of association, and shall be registered according to law. Where the legal representative of the company changes, it shall go through the registration of change. Article 174
When a company merges creditor's rights and debts, the creditor's rights and debts of the merging parties shall be inherited by the surviving company or the newly established company after the merger. Article 176
The debts before the division of the company shall be borne by the company after the division. However, unless the company and creditors reach a written agreement on debt settlement before division.