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Does the State Council stipulate that state-owned enterprises can pay compensation after guarantee?
There are regulations in the State Council that state-owned enterprises can make compensation after guarantee. According to the relevant public information, according to the provisions of China's Guarantee Law and Company Law, state-owned enterprises can act as guarantors, but if state-owned enterprises guarantee other people or enterprises, they need to comply with the provisions of the company's articles of association. Article 6 of the Guarantee Law of People's Republic of China (PRC) * * * The term "guarantee" as mentioned in this Law refers to the act that the guarantor and the creditor agree that when the debtor fails to perform the debt, the guarantor will perform the debt or assume the responsibility according to the agreement. Article 7 A legal person, other organization or citizen who has the ability to pay off debts on his behalf may act as a guarantor. Article 8 State organs shall not act as guarantors, except those who use loans from foreign governments or international economic organizations for lending with the approval of the State Council. Ninth schools, kindergartens, hospitals and other public institutions and social organizations for the purpose of public welfare shall not be used as guarantors. Article 10 The branches and functional departments of an enterprise as a legal person shall not guarantee.