TITLE:
On the Collective Ownership of Cooperative Notary Public Institutions
AUTHORS:
Mingyu Wang
KEYWORDS:
Notary System Reform, Cooperative Notary Public Institutions Public, Collective Ownership, Cooperative Economic Organizations
JOURNAL NAME:
Beijing Law Review,
Vol.14 No.1,
February
10,
2023
ABSTRACT: Notary system reform is a part of judicial reform in China. Cooperative notary institution is a new form of organization arising from the notary system reform whose ownership of property requires clarification. The thought of cooperative economy can be understood from the two dimensions: ownership and system of ownership. The “cooperative” of cooperative notary public institutions is collective ownership, which is one of the forms of public ownership economy. The capital contribution by the funders and the operating incomes after the establishment of the cooperative notary institution jointly constitute all the assets of the cooperative notary institution to bear civil liabilities.