The guarantee contract signed by the legal representative of the company is valid, but the company's investment in other enterprises or providing guarantee for others shall be decided by the board of directors or the shareholders' meeting in accordance with the provisions of the company's articles of association. The legal representative of a company has the right to exercise its functions and powers, perform its obligations and participate in civil activities on behalf of an enterprise as a legal person within the scope of functions and powers stipulated by national laws, regulations and the articles of association.
Legal objectivity:
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.
Provisions on the administration of the registration of legal representatives of enterprises as legal persons
essay
The legal representative of an enterprise as a legal person (hereinafter referred to as the legal representative) has been approved and registered by the enterprise registration authority and obtained the qualification of legal representative.
Provisions on the administration of the registration of legal representatives of enterprises as legal persons
Article 5
The procedures for the creation and removal of the legal representative of an enterprise shall conform to the provisions of laws, administrative regulations and the articles of association of an enterprise as a legal person.
Provisions on the administration of the registration of legal representatives of enterprises as legal persons
Article 9
The legal representative shall exercise his functions and powers within the scope of functions and powers stipulated by laws, administrative regulations and the articles of association of an enterprise as a legal person.