公司章程限制股权转让条款的效力研究

Study on the effectiveness of the articles restricting equity transfer in the articles of association

关于公司章程中限制股权转让条款的效力研究,主要是对股东自治与公司自治之间关系的探究,在有限责任公司场合,还需关注股权转让自由与有限责任公司的人合性之间的关系。对初始章程与修改章程的效力应做区分理解,不同类型的限制条款,效力不同。其中股东的退出权是公司章程不可触碰的底线,而强制股权转让条款以及其他类型条款的效力应结合其制定方式及内容等因素进行判断。另外,应当建立起限制条款的"合理性"审查标准,以便对实践中五花八门的限制条款的效力进行判断。

The study of the valid of the clause restricting the transfer of equity in the articles of association is mainly to explore the relationship between shareholder autonomy and corporate autonomy,and in the case of Limited Liability Company,we should also pay attention to the relationship between the freedom of equity transfer and the humanity of Limited Liability Company.The validity of the initial articles of association and the amendment of the articles of association should be understood in a differentiated manner,different types of restriction clauses,the validity of different,in which the shareholders’right to withdraw is the untouchable bottom line of the articles of association,and the effect of compulsory equity transfer clauses and other types of articles should be judged in conjunction with its formulation method sand and content and other factors.In addition,a"reasonableness"review criterion for restriction clauses should be established in order to judge the validity of a varied restriction clause in practice.