literature Mainland China English summary

Validity of Articles Restricting Share Transfers in Limited Liability Companies

有限责任公司章程限制股权转让效力问题研究

Analyzes the validity of limited-liability-company articles restricting equity transfers, drawing on Company Law article 71 and related judicial practice.

Brief English Introduction

This article updates the close-company transfer-restriction problem. It helps students evaluate when article-based transfer controls protect the personal-trust character of a limited liability company and when they unlawfully suppress exit.

Use It For

Use it with Guiding Case No. 96 and Wan Jiayu.

Teaching Notes

The most useful question is whether the restriction preserves company stability while leaving a reasonable exit path.