Limited liability

1) the key aspect of shareholder ownership, which consists in the fact that the shareholder is liable for the debts of the joint stock company only within the limits of his share in the share capital, i.e., within the amount paid by him for the acquired shares; 2) limitation of the company's liability, consisting in the fact that it promises to be responsible for the obligations it has assumed, to compensate for the losses caused only within the amount of capital invested in the company; 3) limitation of payments of insurance indemnity and sums insured, provided for by the conditions of property and life insurance.