Article extraction: the negation of corporate personality system, it is on the company independent personality and shareholder of limited liability system two contemporary company law system effective supplement. In specific circumstances of the shareholder's limited liabilities amended and maintenance, achieve on the company, its shareholders and creditors a risk and balance of power. But the company legal person system is not sufficient. In recent years, people invest enthusiasm, has brought to our society prosperity and efficiency, but corporate personality and shareholder of limited liability system of abuse badly damaged the company legal person system of normal operation, destroy the original should be legal practice of fairness and justice purpose. Article 20 of the new company law, the provisions of article 64 marks corporate disregard for the first time in China established.