Wang Jiahui The right to share-based contract use of agricultural lands (on the joint stock basis)

Abstract: The right to contract for use of land based on shares is a system of gaining the rights of shareholders or gaining profit, when the subject of a right is a company or a co-operative entity, having a right of land contracting and having a share (being a shareholder) by providing this right as a share. Legal nature of such a system falls within the system of turnover of real rights. There are three models of gaining a share in the land contracting: co-operation of land shares, professional co-operative of farmers – shareholders and the share society with limited liability. The latter is a relatively ideal form for the organization of shareholders. The contracting right for use of land is in conflict with the economic system of consumer work and legal system of companies. Defining the subject of right to contract work and abolishing the limiting laws regarding right to contract for use of land based on shares could allow to improve the existing economic system of consumer work as well. Additionally, by forming a standardized capital evaluation system regarding the light to contract for the work on land and the system of leaving the share by the farmers, one could form a legal system for the right to contract for the use of land based on shares.

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