Research on the "Right of Retraction" Of the Transferee Shareholders in The Process of Equity Transfer of a Limited Liability Company

Among the rights and obligations of the shareholders of limited liability company, the interleaving of the shareholders' preemption right and the shareholders' transfer right of repentance has aroused extensive attention and discussion. This paper discusses the legal basis of these rights and their practical application in corporate governance. By analyzing the scope of application of Article 20 of the Fourth Judicial Interpretation of the Company Law and the imperfection of the liability mechanism for damages, this paper reveals the existing problems under the current legal framework and puts forward relevant legal and practical suggestions. These studies provide theoretical support and practical guidance for improving the equity trading system of limited liability companies.