Shareholders of corporate loans will not be implicated, and legal persons are organizations with civil rights and capacity for civil conduct, and independently enjoy civil rights and assume civil obligations according to law. Shareholders are only liable to the legal person to the extent of their subscribed capital contribution or subscribed shares. According to Article 58 of the Civil Code of People's Republic of China (PRC), which came into effect on 202 1 1, a legal person is established according to law. A legal person shall have its own name, organization, domicile, property or funds. The specific conditions and procedures for the establishment of a legal person shall be in accordance with the provisions of laws and administrative regulations. The establishment of a legal person shall be approved by the relevant authorities in accordance with the provisions of laws and administrative regulations. Article 59 The legal person's capacity for civil rights and civil conduct arises when the legal person is established and disappears when the legal person is terminated. Article 60 A legal person shall bear civil liability independently with all its property.