shareholder is excluded from the company "for good cause" by a resolution of his co-partners and hastily deleted from the shareholder list under protest. Parallel to its historical model and equivalent in stock corporation law, today's share register, the author shows the further development of the shareholder list and examines its handling in jurisprudence critically. Based on the core thesis that §§ 16, 40 GmbHG form a legal benefit in favour of the company, a concept is finally developed on the legal position and liability of the person who is wrongly (not) shown in the shareholder list as a member of the company.