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Institutions and their staff who perform the duties of management and supervision of state-owned property shall strengthen the management and supervision of state-owned property according to law, promote the preservation and appreciation of state-owned property, and prevent the loss of state-owned property; Those who abuse their powers or neglect their duties and cause losses to state-owned property shall bear legal responsibilities according to law.

Whoever, in violation of the laws and regulations on the management of state-owned property, transfers at a low price, conspires to divide it up, guarantees without authorization or causes losses to state-owned property in the process of enterprise restructuring, merger and division, and related party transactions, shall bear legal responsibilities according to law.

Article 58 Collectively owned immovable property and movable property include:

(1) Land and forests, mountains, grasslands, wasteland and beaches collectively owned by the law;

(2) Collectively owned buildings, production facilities and irrigation and water conservancy facilities;

(3) Collectively owned educational, scientific, cultural, health and sports facilities;

(four) other real estate and movable property owned by the collective.

Article 59 The immovable property and movable property collectively owned by peasants belong to the collective members.

The following matters shall be decided by collective members in accordance with legal procedures:

(a) the land contract scheme and land contract to units or individuals outside the collective;

(two) the adjustment of contracted land between individual land contractual management rights holders;

(three) the use and distribution of land compensation fees;

(4) Changes in the property rights of collectively-funded enterprises and other matters;

(5) Other matters prescribed by law.

Article 60 Collective ownership of land, forests, mountains, grasslands, wasteland and beaches shall be exercised in accordance with the following provisions:

(a) belongs to the village farmers' collective ownership, by the village collective economic organizations or villagers' committees on behalf of the collective exercise of ownership;

(two) belonging to more than two farmers in the village collectively, the collective economic organizations or villagers' groups in the village collectively exercise ownership;

(three) owned by the township farmers, the township collective economic organizations shall exercise the ownership on behalf of the collective.

Article 61 The real estate and movable property owned by urban collectives shall enjoy the right of possession, use, profit and disposal by collectives in accordance with the provisions of laws and administrative regulations.

Article 62 Collective economic organizations, villagers' committees and villagers' groups shall, in accordance with laws, administrative regulations, articles of association and village rules and regulations, announce the status of collective property to their members.

Article 63 Collectively owned property is protected by law, and it is forbidden for any unit or individual to occupy, plunder, privately divide or destroy it.

Where a decision made by a collective economic organization, a villagers' committee or its responsible person infringes upon the legitimate rights and interests of a collective member, the infringed collective member may request the people's court to revoke it.

Article 64 A private person shall have the ownership of his lawful income, house, articles for daily use, tools for production, raw materials and other immovable and movable property.

Article 65 Private lawful savings, investments and their income shall be protected by law.

The state protects the right of inheritance and other lawful rights and interests of individuals according to law.

Article 66 The lawful property of a private person is protected by law, and it is forbidden for any unit or individual to occupy, plunder or destroy it.

Article 67 The state, collectives and individuals may establish a limited liability company, a joint stock limited company or other enterprises with capital contribution according to law. If the state, collective and private-owned real estate or chattel are invested in an enterprise, the investor shall enjoy the rights of asset income, major decision-making, selection of managers, and fulfill the corresponding obligations according to the agreement or investment proportion.

Article 68 An enterprise as a legal person shall enjoy the right to possess, use, profit from and dispose of its real estate and movable property in accordance with laws, administrative regulations and articles of association.

Legal persons other than enterprise legal persons shall apply the provisions of relevant laws, administrative regulations and articles of association to their real estate and movable property rights.

Article 69 Real property and movable property owned by social organizations according to law shall be protected by law.

Chapter VI Owners' Differentiated Ownership of Buildings

Article 70 The owner shall have the ownership of the exclusive part of the building such as the business building, and the condominium of the * * * part other than the exclusive part.

Article 71 An owner shall have the right to possess, use, profit from and dispose of the exclusive part of his building. The owner's exercise of rights shall not endanger the safety of the building or damage the legitimate rights and interests of other owners.

Seventy-second owners of the building outside the exclusive part of the * * * part, enjoy rights and obligations; Never give up your rights or fulfill your obligations.

When the owner transfers the residential and business premises in the building, part of its * * * ownership and * * * management rights are transferred together.

Article 73 Roads within a building division belong to the owner, except those belonging to urban roads. The green space in the building division belongs to the owner, except the urban public green space or the express individual. Other public places, public facilities and property services within the building division are owned by the owner.

Article 74 Within the building division, the parking spaces and garages planned for parking cars should first meet the needs of the owners.

Within the building division, the ownership of parking spaces and garages planned for parking cars shall be agreed upon by the parties through sale, gift or lease.

Parking spaces that occupy roads or other venues owned by the owner for parking cars shall be owned by the owner.

Article 75 An owner may set up an owners' meeting and elect an owners' committee.

The relevant departments of the local people's government shall give guidance and help to the establishment of the owners' congress and the election of the owners' committee.

Article 76 The following matters shall be decided by the owner:

(a) to formulate and amend the rules of procedure of the owners' congress;

(two) to formulate and modify the management regulations of buildings and their ancillary facilities;

(three) to elect the owners' committee or replace the members of the owners' committee;

(four) the selection and dismissal of property services companies or other management personnel;

(five) to raise and use funds for the maintenance of buildings and their ancillary facilities;