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Juristic Persons, Unincorporated Associations

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Chapter Summary

This chapter on juristic persons and unincorporated associations contains several articles concerning the establishment of a juristic person, juristic person's organs, change of a juristic person, disbanding and liquidating a juristic person and unincorporated associations. A juristic person may not be established except in accordance with the law. A profit-making juristic person refers to the juristic person that aims to acquire economic interests and distribute them to its members. The consent organ of a profit-making juristic person which is not a corporation shall be the membership meeting. When the juristic person is divided/merged, its rights and obligations shall be exercised and performed by the resulting changed juristic person. The disbanding of a juristic person is the sole legal cause for the extinguishment of a juristic person's capacity to possess civil rights. A profit-making unincorporated association shall be registered by the management organ of the Administration of Industry and Commerce.

Keywords: civil rights; juristic person; unincorporated associations



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