股权出资之法律问题探析

A Probe of Legal Issues Concerning Stock-Rights Contribution

在公司运作实务中,股权出资之典型个案引发了诸多困惑,由此产生了对股权出资进行理论分析和立法构建的必要。既然股权出资具有理论上的合理性、实践中的现实性、立法上的适法性,被公司立法接纳为法定的股东出资形式就理所当然了。而要将股权设计为一种出资形式,就必须明晰股权出资与股权转让、转投资、循环持股、公司分立、公司收购等相关法律制度的关系。鉴于股权作为无形财产,其价值的不确定性较大,为操作之必要,应在股份评估、股权移转、与股票发行公司之关系等方面做出法律规制。

In company practices, the typical cases of stock-rights contribution result in so much perplexity that it is necessary to put up theoretical analysis and legislative design about stock-rights contribution. Since stock-rights contribution is provided with theoretic rationality, practical reality and legislative validity, then it is not long to see stock-rights regulated as the one of the legal forms of shareholders' contribution in Company Law. Now that the scope of contribution form would be enriched and stock-rights would be regarded as a contribution form, so the relationship between such contribution and relevant legal schemes as stock-rights transfer, reinvestment, circulating ownership of stock, separation and acquisition of companies must be articulated. Whereas intangible property, stock-rights value is uncertain, there is need to regulate rules in the share evaluation, the ownership of stock-rights transfer and the relation with the shares issuer etc. in order to facilitate operation.