On The Transfer Of The Rights Of Shareholders In A Limited Liability Company

Corporation ,as the major and most active civil subject in this modern economic society ,just like a lively natural person ,has its own process of emerging ,growing declining and finally disappearing .Their capacities of surviving are greatly different among each company .Some stronger ones operate well for hundreds of years ,while some may have to terminate only after years or ever days .The termination of a company may have great impact on the rights and benefits of its share holders ,debtees ,debtors and employers ,so the company should properly deal with all there interests after terminating ,ending its rights and obligations with other subjects so as to protect the peaceful order of the economic society .But as a civil subject in law ,corporation has its way of obtaining the capacity of rights greatly different from that of a natural person , as a result a company shall have a different liquidation process after termination comparing to the process for a natural person after his/her death .At present ,many defects exist in China's corporation legal system ,including the system of company liquidation .The regulations in Corporation Law are too few and abstract which can not guide the company liquidation activities in reality ,seriously destroying the normal economic order of social life.Therefore ,it is time to establish an improved legal system for corporation liquidation .For the above ,this assay ,by analyzing the basic theory of corporation liquidation system ,explores the defects in china's existing legal system ,and gives some ideas for this system based on some experts'opinions.