The Saeima has adopted and the President issued the following law: amendments to the law "on State and municipal property privatisation" of objects to make the law "on State and municipal property privatisation" of objects (the Saeima of the Republic of Latvia and the Cabinet of Ministers rapporteur, 1994, nr. 6, 14; 1996, no. 23; 1997,15. no; in 1998, no. 9) the following amendments: 1. To supplement article 3 with the twelfth part "by the following: 12. If State or local privatizējam enterprise or company is declared insolvent, the insolvency of the undertaking or business shall, in accordance with the law on the insolvency of undertakings and companies. ""
2. in article 6: turn off the second part of the third sentence;
turn off the last sentence of the second subparagraph;
to complement the second part with the following content: "If, privatizēj a State or municipality of undertakings or businesses, are used in this law article 3, point 8 of part privatisation in the technique and the company concerned or the company is declared bankrupt, the payment must not be used for privatisation certificates."
3. To make article 9, first paragraph, the first sentence by the following: "privatisation agency monitors cabinet appointed by the Council, which is established and operate in accordance with the law" On State and local capital management companies "and the law" On joint stock companies "."
Transitional provisions with the entry into force of this Act shall terminate the constitutional order of article 81 of Cabinet of Ministers issued Regulation No. 9 "amendments to the law" on State and municipal property privatization "objects" (the Saeima of the Republic of Latvia and the Cabinet of Ministers rapporteur, 1999, no. 3).
The Parliament adopted the law of 18 March 1999.
The President g. Ulmanis in Riga in 1999 on March 30.