Name of law Law amending and supplementing the law on notaries public and notarial activity Name of the Bill a bill amending and supplementing the law on notaries public and notarial activity acceptance date 18/05/2011 number/year Official Gazette 39/2011 Decree No 115

On the grounds of art. 98, paragraph 4 of the Constitution of the Republic of Bulgaria

I DECLARE:

To be published in the Official Gazette the law amending and supplementing the law on notaries public and notarial activity adopted by HLI National Assembly on 18 May 2011.

Issued in Sofia on 26 May 2011.

The President of the Republic: Georgi Parvanov

Stamped with the State seal.

Minister of Justice: Margarita Popova

LAW

amending and supplementing the law on notaries public and notarial activity (official SG. 104 of 1996; amend., SG. 117, 118 and 123 of 1997 No. 24 of 1998, no. 69 (1999), no. 18 of 2003, no. 29 and 36 in 2004, no. 19 and 43 from 2005, issue 30, 39 and 41 of 2006. , PC. 59 and 64 since 2007, PCs. 50 and 69 by 2008, PCs. 42, 47 and 82 from 2009, PCs. 87 by 2010 and PC. 32 by 2011.)

§ 1. In art. 25 the following amendments and supplements shall be made:

1. Paragraph 4 is hereby repealed.

2. Paragraph 7 is hereby repealed.

3. Al are created. 9 and 10:

(9) when performing transactions v″zmezdni, which establish, transfer, modify or terminate the rights in rem in immovable property, the participants in the proceedings shall declare in an act that the amount stated therein, is actually the agreed payment in the deal.

(10) payments under para. 9 in total over 10, 000. shall be carried out in a special bank account the notary or a bank account in the Bank chosen by the parties. "

§ 2. Art is created. 25A:

"A special bank account the notary

Art. 25. (1) in the performance of acts that establish, transfer, modify or terminate the rights in rem in immovable property, the amount due on the transaction, can be translated or to submit to a special bank account in the name of the notary.

(2) the conditions for the payment of the amounts referred to in the special bank account of the notary and the orders for payment by the notary public shall be governed by a written agreement between the notary and parties to the transaction.

(3) not allowed enforcement monies under the special bank account for the duties of the notary public. "

§ 3. In art. 34 (b) the following amendments and supplements shall be made:

1. a new paragraph. 2:

"(2) important causes in al. 1 circumstances occurring independently and outside of the will of the notary after acquisition of legal capacity. They can relate to his State of health, marital status and other, which in any case lead to the total or partial inability to exercise notarial functions into the existing area of operation. "

2. The current paragraph. 2 it al. 3 and the end of the first sentence of point is replaced by a comma and add "after consultation with the Notary Chamber.

3. the Previous para. 3 and 4 become Al respectively. 4 and 5.

Transitional and final provisions

§ 4. For payments in transactions made before the entry into force of this law shall apply to the current row.

§ 5. The law shall enter into force from 1 July 2011.

The law was adopted by 41-Otto National Assembly on May 18, 2011 and is stamped with the official seal of the National Assembly.

President of the National Assembly: Anastas Anastasov

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