case Mainland China English summary

Wang Qinjie v. Licheng: Extension of Capital Contribution Deadline

王勤杰与励城公司出资期限延长纠纷

A case discussion used by practitioners for the proposition that extending a shareholder's capital contribution deadline generally requires unanimous shareholder consent.

Brief English Introduction

The case is useful for testing whether a capital-contribution deadline is merely an article-amendment item or a bargain among shareholders that cannot be changed by ordinary capital majority.

Use It For

Use it with the Hongda case to compare shortening and extending contribution deadlines.

Teaching Notes

Ask students whether extension harms only shareholders, also creditors, or both. The answer may change depending on whether the company is solvent and whether creditors relied on the original deadline.