The Saeima has adopted and the President promulgated the following laws: the amendments to the law "on State and local government owned capital shares and enterprises" to make the law "on State and local government owned capital shares and enterprises" (the Saeima of the Republic of Latvia and the Cabinet of Ministers rapporteur, 2002, No 21; 2003; 2004, nr. 15, no. 23; 2005, 2. no) the following amendments: 1. Put in article 1, first paragraph, point 6 ' c ' section as follows : "(c) the State or municipality) and other people (except the staff shareholders);".
2. Turn off the fourth paragraph of article 3.
3. Add to article 10 paragraph 2 of the first paragraph of the section "e" after the number "191" with name and number "and" 238.1.
4.67. the article: Add to the second paragraph after the words "stock holder's authorised representative" with the words "staff shareholders";
adding to the third paragraph with the sentence the following wording: "the staff share holder is entitled to receive a statement on the suspension of shares to him."
5. Put article 68 the sixth part as follows: "(6) where the legal relationship between the company and the employee is terminated or a member of the Board of the company is revoked or left the position, the employee or Board member of his own staff shares to be sold to the public and the public are to be repurchased from employees or Board members of his own staff by their nominal value shares."
Article: 6.73 to express the second subparagraph by the following: "(2) by increasing the company's share capital, the share capital increase for all — a State or local government, to be paid within one month from the date of the shareholders ' meeting adopted a decision on the increase of the share capital."
to make a fifth by the following: "(5) If a shareholder — national or local — this article within the time limit referred to in the second paragraph is not fully paid in all the new shares, it is considered that the company's share capital is increased."
7. To make 75. the first paragraph by the following: "(1) the public administration implemented a shareholder — the State or local government, the meeting of shareholders, the Executive Board and the Governing Council."
8. Express article 77 title and the first paragraph by the following: ' article 77. Shareholders: the State or municipality — competence (1) shareholder, the State or municipality — shall decide on the termination of the public or a continuation. "
9.88 in the first subparagraph of article: make paragraph 3 by the following: "3) monitor public things to be sorted in accordance with the laws, statutes, shareholder, national or local governments, and the decisions of the general meeting;"
make point 7 by the following: ' 7) to examine any matter, which is a shareholder, national or local — competence or the competence of the general meeting or by the Board members proposed for the consideration of the general meeting, and to provide for them. "
Article: 10.98 off the title, the word "shareholder";
make the first part as follows: "(1) the Management Board takes decisions on all matters of public activities, except where a decision in accordance with this Act and the statutes of the company adopt the shareholders — the State or municipality, the shareholders meeting and the Board."
11.127. Article: Add to the first paragraph after the number "191" with name and number "and" 238.1;
make the third paragraph as follows: "(3) the Bezmantiniek of the capital funds of the sale, except remuneration for the transfer of State shares, and sponsoring institution of the civil code 416. in the second subparagraph of article, including the payments provided for in the State budget."
12. Express article 129 of the third, fourth and fifth paragraph as follows: "(3) as a result of the capitalization of the capital led to the selling of the Cabinet of Ministers.
(4) Offering shares for sale, the seller determines the sale price of the shares, the payment date, payment procedures and other relevant parts of the capital, the necessary conditions for sale.
(5) The sale price of the shares shall be determined in accordance with the Cabinet of Ministers regulations governing tax debt capitalisation (hereinafter referred to as the capitalization rules). "
13. transitional provisions: Add to paragraph 1 with the following sentence: "this law, the second subparagraph of article 47 and article 75 of the rules of the second subparagraph shall also determine the participants in the meeting or function of the general meeting State and local government workers incorporated companies.";
turn off paragraph 10;
transitional provisions be supplemented with 15, 16, 17 and 18 the following: "15. Until 31 December 2005, the Cabinet of Ministers may issue an order for the national cultural institution which acts as the national regulatory authority, the transformation of the State Corporation.
16. the national cultural institutions to be transformed in enters the public corporation concerned. The public corporation is a cultural institution to be the rights and obligations of the transferee.
17. in Order for national cultural institutions into the public corporation of the Cabinet of Ministers shall lay down the law of article 24 in the second part of the question referred and approved the list of real estate that will be invested in the State Corporation's share capital.
18. other national cultural institutions consists of that will be invested in the State Corporation's share capital, approved by the Ministry of Culture. "
The Parliament adopted the law of 30 June 2005.
State v. President Vaira Vīķe-Freiberga in Riga, July 12, 2005 editorial Note: the law shall enter into force on 26 July 2005.