In some enterprise organizational relationships, not only the company has legal person status, but also its subordinate institutions have quasi-legal person status. These subordinate institutions are secondary legal persons. The second-level legal person actually has no independent legal person qualification, but can enjoy some legal person rights.
The so-called second-level legal person: not a legal entity; Also received a business license issued by the industrial and commercial bureau; All its funds come from its legal entity; All its creditor's rights and debts are owned by its legal person; Its business activities do not need the authorization of its legal entity, and it has its own official seal, accounting and account books. Its most typical manifestation is "branching".
Extended data:
Yulin Rural Credit Cooperative, which used to be an independent legal person in villages and towns, has a small scale, low loan utilization rate and high operating cost, which does not match the growing credit demand in various places.
According to the State Council's Opinions on Further Strengthening Financial Supervision, Deepening the Reform of Financial Enterprises and Promoting the Healthy Development of the Financial Industry and the State Council's Pilot Program on Deepening the Reform of Rural Credit Cooperatives, the overall requirements for the reform and development of rural credit cooperatives are "clarifying the property rights relationship, strengthening the restraint mechanism, enhancing the service function, giving appropriate support from the state and making local (provincial) governments responsible".
In order to meet the conditions of restructuring, Yulin Rural Credit Cooperative began to carry out the work of assets verification in 2005 to further clarify the property rights relationship; Large-scale capital increase and share expansion, standardize the ownership structure and strengthen capital constraints; Collect non-performing loans, reduce the rate of non-performing loans and improve the ability to resist risks; Improve corporate governance, improve internal control and improve management level.
The new rural credit cooperative union is a joint-stock cooperative community-based local financial institution composed of farmers, individual industrial and commercial households, enterprise legal persons and other economic organizations, which implements "independent operation, self-risk, self-financing, self-restraint and intensive operation", and its credit cooperatives and credit cooperatives are all non-independent accounting branches.
People's Network-Yulin Rural Credit Cooperative was transformed from a second-class legal person to a first-class legal person.