Nonprofit Corporation: Theoretically - Lawful Aspects, Definitions Of The Meaning And Its Characteristics

Abstract

The article is devoted to the theoretically - lawful analysis of the points which are related to the characteristics of the meaning and features of the nonprofit juridical person of the corporative type or the nonprofit corporation.

The author of the article emphasizes on the perspective fixing of the meaning in Civil Code of Ukraine. It includes varieties of profit and nonprofit corporations. According to the analysis of regulations of the law in force and the doctrine there is the conclusion that qualified features of the nonprofit corporation is to direct the received profit to achieving the aim of the activity of the juridical person but not dividing this profit between co - partners ; the special civil legal capacity ; the absence of the co-partner's additional property responsibility of such juridical person with obligations.

The membership in the nonprofit corporation doesn't have civil and law obligations, it isn't followed by arising of the corporative rights of such juridical person in the traditional understanding of the main point of corporative right as the object of civil rights.

To sum up we have the conclusion that nonprofit corporation is the juridical person that has corporative arrangement, the profit is not divided between the co-partners , it is given some special civil legal capacity, there is no civil law obligations in the membership and also it isn't followed by arising of the corporative rights of such juridical person with corporative rights and it means that there is no additional property responsibility of the co - partners of such juridical person.