The Legal Control Of The Liquidation Of Corporation

It is investor's right to enter or exit a market as he or she wishes ,but as the legal fictitious civil body ,its right will be intervened by the government to some extent ,that is the right must be based on the premise the investor does not infringe the interests of the country , the society and debtors . The liquidation of corporation is a system which aims at intervening the exit of the market body . It tries to balance the interests of various bodies by setting up scientific and rationale procedure and mechanism for the exiting bodies according to different causes . It is also an important operational mechanism of company . The purposes are to safeguard the interests of the debtors and shareholders and maintain the economical stability . By introducing the basic theory of the liquidation of corporation ,this article tries to analyze the problems of the liquidation of corporation in both legislation and judicature ,point out the ways of how to enforce the liquidation of corporation before the redaction of the current corporation law ,and finally ,give some suggestions to the legislation of the system .