Whether it is legal for a company to borrow money from shareholders depends on whether it meets the legal borrowing procedures. If it does not violate the relevant articles of association, it is unanimously recognized and agreed by other shareholders on this basis, and it has passed the relevant legal procedures, it will be protected by law, otherwise it will not be protected by law.

Shareholders refer to individuals or units that bear limited or unlimited liabilities for the debts of joint-stock companies and enjoy dividends and bonuses by holding shares. Shareholders who subscribe for shares from joint-stock companies have certain rights and obligations. The main rights of shareholders are: to participate in the shareholders' meeting and enjoy the right to vote on major issues of the company; The voting rights of directors and supervisors of the company; Distribute the company's profits and enjoy the right to share dividends; Issuing stock creditor's rights; The right to request the transfer of shares; The right to claim bearer shares instead of registered shares; The right to dispose of the remaining property when the company is poorly managed, declared closed and bankrupt. The size of shareholders' rights depends on the type and quantity of shares held by shareholders.

Related obligations

1. Abide by laws, administrative regulations and the Articles of Association;

Two, pay the capital contribution in full and on time, and shall not withdraw the capital contribution;

3. Do not abuse the rights of shareholders to harm the interests of the company or other shareholders; Should be liable for compensation according to law.

Four, shall not abuse the independent status of the company as a legal person and the limited liability of shareholders to harm the interests of the company's creditors. Shareholders of a company who abuse the independent status of the company as a legal person and the limited liability of shareholders to evade debts and seriously damage the interests of the company's creditors shall be jointly and severally liable for the company's debts.

References:

Baidu Encyclopedia-Shareholders