If the company's nominal loan is not repaid, the company, as an independent legal person, shall be liable for repayment. According to China's laws, 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. According to 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.
Third, what happens if the company loan is not on the legal person?
It depends on the guarantee measures stipulated in the contract. If only the company guarantees, then the company will also, if the company goes bankrupt, liquidate the company's property. If it's real estate mortgage, then I'll take a lawsuit with you and sell the mortgaged real estate for repayment. If there is a legal person guarantee, then the company still does not have it, and the legal person needs to use its own property to pay it back. If the whole process involves fraudulent loans or illegal activities, it will only involve imprisonment.
Fourth, what will happen if the company loan is not on the legal person?
1. If it is really unable to repay, the repayment period shall be extended or returned by installments.
2. After that, if the judgment is not fulfilled within the performance period, an application will be made for enforcement.
3. When accepting enforcement, we will inquire about loans, securities and deposits according to law.
4. If there is no enforceable judgment in the lender's name, it will be included in the overdue person's credit report, restricted from high consumption and entry and exit, and may even be punished by judicial custody.