Legislative measure of the Bureau of the Federal Assembly No 364 / 1990 Coll.
Legislative action by the Bureau of the Federal Assembly on the treatment of property entrusted to a state enterprise
Valid
Effective from 30.08.1990
364
LEGAL MEASURES
Bureau of the Federal Assembly
of 30 August 1990
on the treatment of property entrusted to a State enterprise
The Bureau of the Federal Assembly of the Czech and Slovak Federal Republic has acted pursuant to Article 58 (3) of Constitutional Act No. 143 / 1968 Coll., on the Czechoslovak Federation, on the following legal measure:
(1) Until the date of the Act on the Conditions of Transfer of Assets of the State (1), state undertakings may not conclude contracts for the transfer of ownership of assets for which they have the right to operate and may not participate in joint ventures with their deposits, (3) associations which are legal persons, (4) or in equity or other commercial companies (5), unless they are undertakings with foreign shareholdings. 6)
(2) Exemptions from the provisions of paragraph 1 may, where justified, be authorised by the founder.
The legal acts referred to in Paragraph 1, which the State firm has undertaken in the period from 1 May 1990 until the date of application of this legal measure, are required to notify its founder by 31 October 1990, which will assess their validity. If no such act is notified within the prescribed time limit, it shall be invalid.
The provisions of Sections 1 and 2 shall also apply to the Czechoslovak State Railways, (7) the State Money Institute (8) and the State Insurance Corporation (9) which shall be notified under Section 2 to the competent Ministry of Finance.
Paragraph 1 (2) shall cease to apply on the date on which the Law on the Conditions for Transfer of Assets of the State enters into force.
This legal measure shall take effect on the date of its publication.
Havel v. r.
Dubček v. r.
CHF
1) Article 9 (2) of Constitutional Act No. 100 / 1960 Coll., Constitution of the Czech and Slovak Federal Republic, as amended by Constitutional Act No. 100 / 1990 Coll.
2) § 67 of Economic Code No. 109 / 1964 Coll., as amended.
3) Part Four C of the Economic Code.
4) § 625 et seq. of Act No. 101 / 1963 Coll., on Legal Relations in International Trade (International Trade Code). Article 360b of the Economic Code.
5) Act No. 104 / 1990 Coll., on Equity Companies. Part Four A of the Economic Code.
6) Act No. 173 / 1988 Coll., on an undertaking with foreign shareholding, as amended by Act No. 112 / 1990 Coll.
7) Act No. 68 / 1989 Coll., on the organisation of Czechoslovak State Railways.
8) Act No 158 / 1989 Coll., on banks and savings banks.
9) Act No. 82 / 1966 Coll., on Insurance, as amended by Act No. 162 / 1968 Coll.
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Regulation Information
| Citation | Legal measure of the Bureau of the Federal Assembly No. 364 / 1990 Coll., on the treatment of property entrusted to the state enterprise |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 30.08.1990 |
|---|---|
| Effective from | 30.08.1990 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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