| The structural characteristic of nonprofit corporation’s property right lies in the absence of stockholders' equity, which results in the tension between the nonprofit purpose of juristic person and the profit-seeking impulse of their controlling individuals. The dividing line between association and foundation lies in the structural differences of their will-forming-and-expressing organ. Consequently, association is self-regulated whereas foundation is other-regulated .The system of nonprpfit corporation implies the value tension between“reasonable person" and "moral person", and helps establish modern civil law as both market rules and livelihood rules. The ideal Chinese nonprofit corporation system in the future should originate from oriented legal vicissitudes, not from obligatory national regulation. |
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