Read the untranslated law here: https://portal.gov.cz/app/zakony/download?idBiblio=42240&nr=224~2F1994~20Sb.&ft=txt
of 3 July 2003. November 1994,
amending and supplementing Act No. 92/1991 Coll., on conditions for the transfer of
the State property to other persons, as amended by Act No. 92/1992 Coll., Act No.
264/1992 Coll., Constitutional Act No. 541/1992 Coll., Act No. 5/1992 Coll.,
Act No. 210/1993 Coll. and Act No. 306/1993 Coll., Act of the Czech national
Council No. 171/1991 Coll., on the scope of the authorities of the Czech Republic in matters
transfers of assets to other persons and the national property Fund of the Czech
Republic, as amended by the Act of the Czech National Council No. 285/1991 Coll., Act
The Czech National Council No. 438/1991 Coll., the Czech National Council Act No.
569/1991 Coll., Act of the Czech National Council No. 282/1992 Coll. and Act No.
210/1993 Coll. supplementing Act No. 328/1991 Coll., on bankruptcy and settlement,
as amended by Act No. 122/1993 Coll., Act No. 42/1994 Coll., Act No.
74/1994 Coll., Act No. 117/1994 Coll. and Act No. 156/1994 Coll., and act
No 166/1993 Coll. on the Supreme Audit Office, as amended by Act No.
331/1993 Coll. and Act No 117/1994 Coll.
Change: 179/2005 Sb.
Change: 296/2007 Sb.
Parliament has passed the following Act of the Czech Republic:
Act No. 92/1991 Coll., on conditions for the transfer of State assets to other persons,
as amended by Act No. 92/1992 Coll., Act No. 264/1992 Coll., constitutional
Act No. 541/1992 Coll., Act No. 5/1992 Coll., Act No. 210/1993 Coll.
and Act No. 306/1993 Coll., shall be amended and supplemented as follows:
1. In article 1 (1). 1, after the word "organizations", the words "or property
the State in the use of the Organization, whose founder is the village ".
2. In section 10, paragraph 1. 8 at the end of this sentence added:
"If the privatization method to insert into the privatisation of commercial
the company, in accordance with paragraph 7, you can proceed to the transfer of ownership
the participation of the Fund to the business of the company to another person. ".
3. In article 14, paragraph 1, the following new paragraphs 2, 3 and 4, which
including notes no ^ 5b) and ^ 5 c):
"(2) a public auction organized by the Fund, which also appoints the auctioneer.
(3) the conditions for the public sale of the Fund must publicly declare in the form
auction regulations while operating the unit with display card ^ 5b) at least
30 days prior to the date of the auction.
(4) the Fund may, to organization and realization of the security of public auctions
use the persons who have the authority to do so under the Special
^ 5 c of the code.)
5B) section 4 (4). 3 of the law No 427/1990 Coll., as amended.
5 c) Act No. 455/1991 Coll., on trades, as amended by
The current paragraph 2 shall become paragraph 5.
4. under section 14 shall be added to § 14a, which including notes no. ^ 5 d) is added:
(1) if the Corporation in accordance with the decision on privatization, and the statutes of the
employee shares, which have been fully paid up in the formation of the company,
It is their first acquirer ^ 5 d) Fund or Land Fund of the Czech
the Republic, which was founded by joint-stock company, and for a maximum of 120
days from the date of their issue.
(2) within the time limit referred to in paragraph 1, the Fund or Land Fund of the Czech
the Republic obliged to convert such shares ownership of the joint-stock company.
Unless within this time limit the transfer of all the shares must be transformed
employee shares changed on the shares or on the owner, and
at the latest six months, starting from the first day of the month following
After the expiry of the period referred to in paragraph 1.
(3) in the case of employee shares to be issued pursuant to the decision on privatization
participation of the State, paragraphs 1 and 2 shall apply mutatis mutandis.
5 d) § 5 (3). the CZECH NATIONAL COUNCIL Act No. 591/1992 Coll., on the securities in the
5. In section 15(2). 3 at the end of connect these sentences:
"The creditor the purchaser may demand the privatisation meet
obligations incurred before the 13. in August 1993, which were transferred to the acquirer in the
the framework of privatization, to the Fund after the exhaustion of all remedies
against the licensee of privatised assets, including the enforcement of decisions and
the bankruptcy. For liabilities incurred after that date does not guarantee Fund. ".
6. section 45, the following paragraph 8 is added:
"(8) the undertakings cannot establish a lien to the property, which was
submitted to the privatization project. ".
7. In section 47b paragraph. 1, in the first sentence, the words "you made are deleted
the competent authorities of the republics ".
8. In section 47b paragraph. 2 the dot at the end of the sentence is replaced by a comma and connect
with the following words: "unless otherwise provided by this Act.".
9. section 47b, the following paragraphs 3 and 4 are added:
"(3) the auction referred to in paragraph 1 shall organise the liquidator, who also appoints
(4) the conditions for the public sale of the liquidator has publicly to declare in the form
auction order with posting it jednotky5b at least operating cards)
30 days prior to the date of the auction. ".
10. under section 47b of the following new section 47c, as follows:
On the entry side of the undertaking with the property, which was submitted to the
the privatisation project, into liquidation may decide only to founder
the consent of the Ministry. ".
Act No. 166/1993 Coll. on the Supreme Audit Office, as amended by Act No.
331/1993 Coll. and Act No 117//1994 Coll., shall be added as follows:
section 3, the following paragraph 5, including the notes no ^ 1b) is added:
"(5) the Managing State property for the purposes of this Act, means the
and management of the property, which switched to the national property Fund by
special legislation. ^ 1b)
1B) of section 11 (1). 2 of Act No. 92/1991 Coll., on conditions for the transfer of assets
State to another person, in the wording of Act No. 210/1993 Coll., section 5 of the CZECH NATIONAL COUNCIL Act No.
171/1991 Coll., on the scope of the authorities of the Czech Republic in matters of transfers
the State assets to other persons and the national property Fund of the Czech
Republic, as amended. ".
The provisions of § 14a pursuant to article. And section 4 of this Act shall apply mutatis mutandis to the
employee shares, which were issued in the name of the national property Fund
The Czech Republic or the Land Fund of the Czech Republic on the date of effectiveness of the
This law, or to the employee shares, which in the name of the Fund
the national property Fund of the Czech Republic or the land of the Czech
Republic to be issued according to the memorandum, if they are to
the effective date of this Act, registered in the commercial register, with the fact that
the period referred to in section 14a paragraph. 1 shall start to run on the date of effectiveness of this
the law. However, if the employee shares issued on the name of the Fund
the national property Fund of the Czech Republic or the land of the Czech
Republic of more than 120 days prior to the effectiveness of this law, shall be reduced to
This period of 60 days.
This Act shall take effect on the date of publication.
Uhde in r.
Havel in r.
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