“三权分置”下农地权利入股公司的路径与规则

“三权分置”政策的推行为农地权利入股公司提供了制度上的可能性。在农地权利入股公司问题上，标的与路径的选择应首先考察入股公司与入股合作社对投资标的的不同要求，并在区分可流转农地权利与不可流转农地权利、原生型农地权利与衍生型农地权利、物权性农地权利与债权性农地权利的基础上进行。对农地权利入股公司的标的和路径的探讨应主要针对可流转的原生型物权性质的农地权利展开，从土地经营权出资入股的要件、土地经营权入股公司的合法性依据等方面可以认定土地经营权为适格的股权对价。土地经营权入股公司的法律规则调适应在综合考察公司的宗旨和目的、公司资本制度的限制、土地经营权的评估作价程序要求以及公司投资退出机制的限制等因素的基础上进行。

The Path and Rules of Rural Land Investment in the Company under the Condition of Three Rights Divided

The implementation of the three-right division policy provides institutional possibility for agricultural land investment in companies.On the issue of the acquisition of shares in companies in agricultural land, the choice of targets and paths should first examine the different requirements of the investment targets between the equity companies and the cooperatives, and on the basis of distinguishing the transferable farmland right from the non-transferable farmland right, original farmland right and derivative farmland right, real right farmland right and creditor''s land rights.The research on the object and path of farmland investment in the company should mainly focus on the farmland rights with the nature of the transportable original real right.From the aspects of the investment of the land management right in the company, the characterization of the land management right by the relevant legislation and policy, and the legal basis of the land management right investment in the company, we can identify the land management right as the appropriate equity consideration.The adjustment of the legal rules and regulations governing the investment of the land management right in the company should be made a comprehensive investigation of the purpose of the company, the restriction of the company capital system, On the basis of the evaluation and pricing procedure of land management right and the restriction of the company investment withdrawal mechanism.