Village Economical Cooperative Value And Certain Main Legal Matters

The collective economic entities in rural china can be put into two categories: one in broad sense, the other narrow. The broad sense of the collective economic entities refers to the multiform economic entities organized by the farmers for a specific purpose and the other various collective ownership economic entities in rural china invested by these economic entities. The narrow sense specifically refers to the economic entities that own and operate the collective properties which mostly are collectively-owned lands to get the farmers' welfare. This article discussed about the narrow sense of collective economic entities and also named it as village economic cooperative. The collective-owned land and other collective properties belong to the village economic cooperative, and the farmers are the members of the cooperative and also have the broadly membership rights. The village economic cooperative is a non-profitable organization who targets on managing the collective properties and pursuing the benefits of members. The village economic cooperative's social management functions are different from the village council, which are achieving the land products abilities and the basic social securities such as retirement, health care, childbirth, unemployment, low-income etc. for the farmers, arranging the capital for the public facilities in the community, and also achieving the value maintenance and value added of the collective properties through the united operation of the lands, investing the lands and cash to operate the factories, letting the warehouse and giving out a contract for the lands. The premise principle of the cooperative membership is the farmer identity and the geographic region. The membership will be issued at birth or by immigration. The total number of members is fluctuated by birth, death, marriage, divorce and so on. The members of the co-operative have the right to vote, the right to nullify if there is abuse of power, the right to contract and manage the farmland, the right to be ensured of welfare, the right to be redistributed of partial residual assets and so on. The membership can't be transferred or inherited. The member loses his member rights when he loses his membership because of being an urban resident or any other reason. The organization structure of the village economic cooperative consists of the committee of the members, the committee of representatives, the chairman and the committee of independent directors. Depending on the importance level, the matters of the cooperative are decided by the committee of the members, the committee of representatives or the chairman. It is nullified if there is abused of power. After the rural area urbanized, the village economic cooperative will come to the end immediately and be reformed to a shareholding system legal entity. All collective properties will belong to the members after being preserved.