Amendments To The Law "on Privatisation Certificates"

Original Language Title: Grozījumi likumā "Par privatizācijas sertifikātiem"

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Read the untranslated law here:

The Saeima has adopted and the President promulgated the following laws: the amendments to the law "on privatisation certificates" make law "on privatisation certificates" (Latvian Saeima and the Cabinet of Ministers rapporteur, 1995, no. 9; 1999, no. 15; 2001, 1., no. 23; 2002; 2003, 23 No 23 no; 2004, nr. 23; 2005, 14 no, No 14; 2007; 2009, 5. no) the following amendments: 1. Replace the words "in the law after the entire certificate of the applicant's place of habitual residence" after the words "certificate of the applicant's declared place of residence". 2. Express article 1 point 2 as follows: "2) privatization certificate account: regulations in certain credit institutions (hereinafter referred to as the bank) account, which are fixed to the holder of the certificates the certificates and operations with them;" 3. To make the article a fifth by the following: "(5) the banks and legal institutions established to follow up on it, to each person who has a certificate of residence in Latvia and the certificate policy repressed person would have only one certificate account of privatisation, as well as to control the circulation of assigned, and delete certificates." 4. Express article 18 the thirteenth part as follows: "(13) legal persons, subject to the limits laid down in this law, you can open your certificate accounts only the privatisation of one of the banks." 5. transitional provisions: replace paragraph 1, first sentence, the words and the "last 10 days" with the words "and the last 10 days, during which transactions are undertaken with certificates"; Add to transitional provisions with paragraph 10 by the following: ' 10. If by 2012 April 1 eliminated profits to society (art. 417 of the Civil Code), except when the subject is excluded from the register of companies under commercial law order of entry into force of the law, are the proportion of privatisation certificates, they can be assimilated to bezmantiniek property and the laws to be deleted. This does not preclude the liquidator's liability for its own fault for loss suffered (article 333 of the commercial law). " The law shall enter into force on April 1, 2012. The Parliament adopted the law of 8 March 2012. The President a. Smith in 2012 on March 28.