Legal persons are generally not allowed to borrow money from companies. The legal representative of the company shall be the chairman, executive director or manager, and shall be registered according to law. Article 115th of the Company Law stipulates that a company may not provide loans to directors, supervisors and senior managers directly or through subsidiaries. Therefore, the company may not provide loans to the legal representative.
Legal objectivity:
Article 3 of the Company Law A company is an enterprise legal person, with independent legal person property and legal person property rights. The company is liable for its debts with all its property. Shareholders of a limited liability company shall be liable to the company to the extent of their subscribed capital contribution; Shareholders of a joint stock limited company shall be liable to the company to the extent of the shares subscribed by them. Article 4 Shareholders of a company shall enjoy the right to return on assets, participate in major decisions and choose managers according to law.