Provisions on repayment of debts by limited companies

Legal subjectivity:

Limited company debt repayment method:

1, the company pays off its debts with all its property;

2. Shareholders of a limited liability company are only liable. After the capital contribution, the company shall be liable to the debtor of the company with all the company's property. The personal property of shareholders is not used to repay the company's debts;

3. Unless there is evidence that Shareholder A takes the company assets for himself and damages the interests of creditors, the shareholders shall bear the responsibility.

Legal objectivity:

Article 20 of the Company Law: Shareholders of a company shall abide by laws, administrative regulations and articles of association, exercise their rights according to law, and shall not abuse their rights to harm the interests of the company or other shareholders; The company's independent legal person status and the limited liability of shareholders shall not be abused to harm the interests of the company's creditors. Shareholders of a company who abuse their rights and cause losses to the company or other shareholders shall be liable for compensation according to law. Shareholders of a company who abuse the independent status of a company as a legal person and the limited liability of shareholders to evade debts and seriously damage the interests of creditors of the company shall be jointly and severally liable for the debts of the company.