The Research Of Legal Questions About The Real Estate Security Turning

The real estate security turning is a kind of economic and legal system produced in 1960s in U. S. A. Its main content is to integrate the real estate right and its concerned creditor's rights into the capital group by virtue of special subjective body; again to entrust special structure to divide the above group into small amount share right or creditor's right and with these to issue negotiable securities such as shares, bonds or beneficiary's certificate and directly collect capital from the society;Finally to take the cash earned from operating the above capital group as the foundation and satisfy the interest demand of various fields. At present, while the resources are in extreme short of, such mode has quite important significance for fully developing the high valuable nature of the real estate and solving the non-circulating nature of the real estate. This paper holds that it is necessary for our country's want of implementing the real estate securities turning to deeply study the legal documents of various types and structures for the real estate securities turning of U.S.A and to investigate where they agree with our country's legal systems. It is also necessary to reform and perfect the present civil and commercial main body systems, material right and creditor's right systems, securities issuing and trading systems, bankruptcy and bankruptcy segregation system and so on.