股东出资加速到期研究
Study on Accelerated Maturity of Shareholder’s Contribution

自我国实行全面的认缴制之后，股东在出资义务的相关事项上获得了极大的自由，但在实务中，由于与认缴制配套的债权人保护制度不够完善，造成了股东和债权人之间的利益失衡。《公司法(修订草案)》于2021年12月公布，其中第48条提出了常态下的股东出资加速到期制度。从债权人利益保护的立场，分析出资加速到期的必要性，为支撑出资加速到期确定理论基础，提出了资本加速到期的适用条件，以期出资加速到期制度能够实际发挥作用。
Since the implementation of the comprehensive subscription system, shareholders have gained great freedom in the matters related to the contribution obligation, but in practice, because of the creditor protection system matching with the subscription system is not perfect enough, resulting in an imbalance of interests between shareholders and creditors. The Company Law (Draft Amendment) was published in December 2021, in which Article 48 proposed the accelerated maturity system of shareholders’ contribution under normal conditions. From the standpoint of protecting creditors’ interests, this paper analyzes the necessity of accelerating the maturity of capital contribution, determines the theoretical basis for supporting accelerating the maturity of capital contribution, and puts forward the applicable conditions for accelerating the maturity of capital contribution, so that the accelerating maturity of capital contribution system can actually play a role.