Is it effective for shareholders to charge high fees for providing guarantee for enterprise loans?

It's useless According to Article 60 of the Company Law of People's Republic of China (PRC) promulgated by the Standing Committee of the Eighth National People's Congress of People's Republic of China (PRC) NPC1February 29, 1993, if the company's assets are used to provide a guarantee for the company's shareholders and a handling fee is charged, the guarantee contract is invalid.

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2021 Henan Zhengzhou Electronic Information Vocational and Technical College Admissions Regulations

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