It is a misunderstanding to German civil law to hold the viewpoint of juristic act of real right protecting mala fide third party.
物权行为理论保护恶意第三人的观点是对德国民法关于第三人规范的误解。
The actual shareholders, company and the mala fide third party should not deny the status of shareholders because of the lack of business registration.
实质意义上的股东、公司及恶意受让人都不能以没有工商登记为由否认其实际的股东身份。
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