Act No. 544 / 1992 Coll.
Act amending and supplementing Act No. 92 / 1991 Coll., on the Conditions for Transfer of State Assets to Other Persons, as amended
Valid
Effective from 08.12.1992
544
THE LAW
of 13 November 1992
amending and supplementing Act No. 92 / 1991 Coll., on the Conditions for Transfer of State Assets to Other Persons, as amended
The Federal Assembly of the Czech and Slovak Federal Republic decided on this law:
Act No. 92 / 1991 Coll., on the Conditions for Transfer of State Assets to Other Persons, as amended by Act No. 92 / 1992 Coll. and Act No. 264 / 1992 Coll., *) is amended as follows:
1. in Article 10, the following paragraph 4 is added:
"(4) The approval of privatisation projects shall not be subject to the administrative rules. ';
2. Article 15 (3) reads as follows:
"(3) The transfer of the undertaking shall not require the consent of the creditor, but the Fund shall guarantee up to the amount of the value of the privatised assets by its assets for the fulfilment of the undertaking by the acquirer of the privatized assets for a period of one year from the time of the transfer of the undertaking to the acquirer of the privatized assets. ';
Article 23 (1) (a) reads as follows:
"(a) the name, birth number and permanent residence of the citizen;"
Article 23 (2) and (3) reads as follows:
"(2) The issuer of coupons shall be the competent authority of the state administration of the Republic.
(3) The net proceeds of the sale of coupons shall be transferred to the relevant fund of the Republic. "
5.
The Czech National Council and the Slovak National Council (1b) shall adapt its laws to the acquisition of coupons which may be used in the territory of the Republic. ';
Note 1 (b):
"1b) National Council of the Slovak Republic pursuant to Article 154 (1) of the Constitution of the Slovak Republic No 460 / 1992 Coll. '.
6. Paragraph 25 (1) to (3) reads as follows:
"(1) Coupons of the relevant emissions may be used:
(a) to purchase shares of any public limited-liability company the fund of which is a shareholder of the relevant Republic, included for that purpose in the Republic list of privatisation projects;
(b) the purchase of shares in any public limited liability company of which the Land Fund of the Republic concerned is a shareholder, included for that purpose in the Republic list of privatisation projects;
(c) to obtain participation in public limited-liability companies for that purpose in the respective Republic, which are specifically established and registered in the commercial register kept in the territory of the respective Republic;
where the citizen exercises his or her claim within a period established under a generally binding law.
(2) The methods referred to in paragraph 1 may be applied simultaneously.
(3) The purchase of shares for coupons or acquisition of shares in public limited liability companies referred to in paragraph 1 shall take place separately in the territory of each Republic. ';
7. § 26 is deleted.
8. In Paragraph 45 (3), the words "after 28 February 1992 'shall be deleted.
9. Article 45 (5) reads as follows:
"(5) The provisions of paragraphs 1 and 2 shall not apply to the legal persons referred to in Paragraph 1 (2). The provisions of paragraphs 1 and 2 shall apply to budgetary and contribution organisations only in respect of transfers of assets other than land. Budget and contribution organisations shall proceed in the case of free transfers of property and in the case of transfer of land in accordance with special rules. 10a) '.
Note 10a:
"10a) Sections 14 (4) and (8) and 35 of Decree No. 119 / 1988 of the Federal Ministry of Finance Coll., on the Management of National Property. '.
10. Paragraph 46 (2) reads as follows:
"(2) The Government of the Czech Republic and the Government of the Slovak Republic provide by their regulations the way in which coupons are issued, the acquisition price of coupons, the way in which to express the extent of entitlement to shares and the way in which coupons are used."
11. in Article 47b, the words "public auction" are replaced by the words "auction by the competent authorities of the Republics."
Points 3, 4, 5, 6, 7 and 10 of Article I shall not apply to the first wave of coupon privatisation. 10b)
Note 10b:
"10b) § 11 of Decree of the Government of the Czech and Slovak Federal Republic No. 383 / 1991 Coll., on the issue and use of investment coupons."
In § 32 (a) of Decree No. 119 / 1988 of the Federal Ministry of Finance Coll., on the management of national property, the words "and transfers of ownership of national property 'are deleted at the end of the sentence.
This Act shall take effect on the day of its publication.
Spatial v. r.
Kováč v. r.
*) Act No. 264 / 1992 Coll., amending and supplementing the Civil Code, repealing the Act on State notaries and proceedings before state notaries (notaries) and amending and supplementing certain other laws, becomes effective on 1 January 1993.
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Regulation Information
| Citation | Act No. 544 / 1992 Coll., amending and supplementing Act No. 92 / 1991 Coll., on the Conditions for Transfer of State Assets to Other Persons, as amended |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 08.12.1992 |
|---|---|
| Effective from | 08.12.1992 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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