When was Article 16 of the Company Law established?

Article 16 of the Company Law was established in 1994. Company Law of People's Republic of China (PRC) (01came into effect in July 1994) (promulgated on February 29th, 1993 and implemented on July 20th, 1999). The company is an enterprise legal person as stipulated in Article 16 of the Company Law. Having capacity for civil rights and capacity for civil conduct. Article 16 of the Company Law shall independently enjoy civil rights according to law.