有限责任公司股东优先购买权新解——兼评《公司法》第72条立法

Preemptive Rights of Shareholders of Limited Liability Company——and Evaluation of Article 72 of the "Company Law"

2005年《公司法》第72条较之前关于股东优先购买权的法律规定有了很大的进步,规定了股东行使优先购买权的具体方式,使现实生活中的股权转让制度更具有操作性。股东优先购买权一般来说为了保证有限责任公司的人和性和封闭性而设立的,为了维护受让股东的合法权益,近几年来某些学者从利益衡平、价格选择、交易成本等视角对股东优先购买权进行重新解读。本文在我国民法典修订的大背景下,重新解读有限责任公司优先购买权之制度价值,从而做出新的价值判断,制定和完善我国股东优先购买权立法。

Article 72 of The Company Act in 2005 has made great progress about the shareholders' preemptive right, which provides the specific ways for shareholders to exercise their preemptive rights, in order that the equity transfer system in real life is more operational. In general shareholders' preemptive rights are established in order to ensure that the company's limited liability and closure and safeguard the legitimate rights and interests of the shareholders of the transferee. In recent years some scholars re-interpret shareholders' preemptive rights from the perspective of interest's balance, price selecting transaction and transaction costs. In the background of legislating China's Civil Code, this paper will re -interpret the value of the system of preemptive rights of the limited liability company in order to make value judgments and improve our shareholders' preemptive rights legislation.