Joke Collection Website - Public benefit messages - Can I sue if I am defrauded into being a nominal shareholder?

Can I sue if I am defrauded into being a nominal shareholder?

Legal analysis: Suitable. The act of being deceived into becoming a nominal shareholder is actually a fraudulent act and goes against the true will of the party concerned. The party who has been deceived has the right to request the people's court or arbitration institution to cancel it.

Legal basis: Article 188 of the "People's Republic of China and Civil Code" The statute of limitations for requesting the People's Court to protect civil rights is three years. If the law provides otherwise, such provisions shall prevail. The statute of limitations shall be calculated from the date when the right holder knows or should know that the right has been damaged and the obligor knows. If the law provides otherwise, such provisions shall prevail. However, if it has been more than 20 years since the right was damaged, the people's court will not grant protection. If there are special circumstances, the people's court may decide to extend the time based on the application of the right holder.