The Saeima has adopted and the President promulgated the following laws: For State and local government business transformation of incorporated companies in chapter I General provisions article 1. The terms used in the law, the law is applied in the following terms: 1) incorporated companies — joint stock company or limited liability company;
2) country (local) — joint stock company incorporated companies, which all share capital or all the voices belong to the State (municipal) or a limited liability company, in which the entire share capital owned by the State (municipal);
3) requesting institution — the privatisation authority (agency or privatisation Privatisation Commission) which, in accordance with the relevant provisions of national law (municipal) privatization of property;
4) governing bodies incorporated companies, joint stock companies, the Council and the Executive Board or by limited liability companies or other Executive Board;
5) the audit authority, the Audit Commission, the auditor or a Chartered auditor;
6) capital: shares in the company or its shares in the society with limited liability;
host institution: 7) in the national authority or the City Council or the district (County) Council;
8) the holder of the shares: the shares of the Corporation or the holder of shares in the company with limited liability;
9) Governors: a natural person appointed by the governing body of which the shareholder or member's exercise of the rights and obligations of State (municipal) incorporated companies;
10) corporeal things, of movable and immovable property under civil law.
2. article. The operation of the law (1) this law determines: 1) order in which State and local companies convert to the State (municipal) in incorporated companies (incorporated companies);
2 the nature of the activities of incorporated companies);
3) procedure privatizējam of the incorporated companies;
4) procedures in the privatizējam State and local companies, where they are incorporated companies, while in translates to selling these shares in the company.
(2) chapter V of this law shall not apply to national (local) companies (hereinafter referred to as the company) and incorporated companies rather than by the privatised according to the law "on State and municipal property privatisation of object", but according to other laws.
3. article. Convertible business and breaking up and Assembly of (1) one company can transform one or split it incorporated companies more. incorporated companies
(2) several companies can transform by combining them into one, incorporated companies where it is not contrary to law.
4. article. Conditional on the company's (the company) the rights, duties and liabilities (1) If several companies to combine into one, or one company incorporated companies restated, the company to be incorporated companies (the company) the rights, duties, and obligations fully over the newly created incorporated companies.
(2) If one of the companies distributed a number of incorporated companies, flexible business rights, duties, and obligations incorporated companies concerned to go to the extent as specified in the company's property distribution Act.
(3) the activities of the company with a valid license issued by the newly formed incorporated companies on the transaction.
5. article. property relationships (1) all incorporated companies in corporeal things, intellectual property and securities, the value of which is included in the value of the issued share capital of incorporated companies of this law the procedure laid down in article 8, after incorporated companies are registered in the register of companies, becomes a new property in incorporated companies.
(2) the public (municipal) shareholders is determined in accordance with the law "On State and local capital management companies".
Chapter II of the company (the company) the modification in article 6 incorporated companies. The decision on the company's (the company) conversion (1) a decision on the company's (the company) the transformation of one or more divisions of the incorporated companies incorporated companies or more undertakings into a single incorporated companies (hereinafter referred to the company's transformation in incorporated companies) adopted the host institution.
(2) the decision shall be published in the newspaper "Latvian journal" and the district or city newspaper in the territory to be transformed.
(3) the decision on the company's transformation in incorporated companies should not be published if the incorporated companies are transformed privatizējam company, while selling the shares in the company.
7. article. The institution that manages the company's conversion (1) once the decision on the company's transformation into a governing incorporated companies, authority: 1) defines the inventory of the company to be transformed (companies);
2) shall appoint one or more trustees;
3) approved share capital incorporated companies;
4) approved the statutes of the incorporated companies;
5) appointed by the governing body of the incorporated companies;
6) appointed by the audit institutions incorporated companies;
7) confirms the closing balance sheet of the company to be transformed;
8) confirms the start of incorporated companies balance sheet;
9) confirms to the incorporated companies real estate.
(2) if the decision about the conversion of the company into accepting privatization of incorporated companies sponsoring institution, it may not make the first paragraph of this article referred to in paragraph 1.
(3) If the privatisation of the sponsoring body shall decide on the conversion of the company incorporated companies, while selling the shares in the company, it does not perform the first part of this article 2, 4, 5 and 6.
(4) the Trustee shall be appointed in accordance with the law "on State and local Government of the capital managed by the host societies".
8. article. Determination of fixed capital of incorporated companies (1) transforming the company, its share capital incorporated companies shall be determined from the company's balance sheet to be total assets less accounts payable of the debt total.
(2) the assets of the company include the State or municipality-owned land on which the company, its cadastral value.
(3) the modification of the company, the assets of the incorporated companies must not include its corporeal things, intellectual property and securities, which under the law can not privatise or put into the holding company only.
(4) modification of share capital the company incorporated companies, its value may be determined in accordance with the law "On the privatizējam State and local government property object evaluation order".
(5) the nominal value of the shares in incorporated companies in total must match the size of the share capital.
9. article. (1) registration of incorporated companies incorporated companies registered in the companies register.
(2) a registration application shall be accompanied by: 1 the Governing Body decision) on the conversion of the company incorporated companies;
2) statutes of the incorporated companies;
3 the following governing bodies) decisions: (a)) (governors) of the Governors appointment, b) for management and audit authority, c) for incorporated companies opening balances approval;
4 opening balance of incorporated companies);
5) of real estate incorporated companies list;
6) other documents provided for in the law governing the business form.
Chapter III national (local) corporations operating characteristics of article 10. General provisions (1) the public (municipal) shares of the company may not be a public joint stock company, and therefore to the State (municipal) shares of the company are not subject to the law "on joint stock companies" (further in the text of this chapter — the law) rules concerning public limited liability companies.
(2) if the State (municipalities) shares of the company has appointed a number of Governors, then in those cases where the law is regulated in a required quorum of the general meeting of shareholders, the shareholder or shareholders ' representation in a particular company's share capital (paid up capital), national (local) the statutes of the public limited liability companies should be determined by the Governor.
(3) if the State (municipalities) shares of the company has appointed a number of Governors, then in those cases where the law is regulated in the required number of votes of shareholders the general meeting of shareholders for decision-making, national (local) the statutes of the public limited liability companies should be determined by the votes of the Governor.
(4) in cases where the law is regulated the rights and obligations of shareholders or mention actions that prejudice the shareholders, the rights, duties and activities apply equally to trustees.
11. article. National (local) name of the company State the company's name must be in the article 4 of the law referred to in the first subparagraph, the information and the word "State", but the name of the municipal corporation, article 4 of the law referred to in the first subparagraph, the information and the name of the municipality.
12. article. Openly available or open the acquired shares of the company documents and information (1) section 7 of the first paragraph of article l, paragraph in the shares of the company in place of the contract for the formation of the governing bodies should be the decision on transformation of State enterprises (local) shares of the company.
(2) in addition to section 7 of the first paragraph of article 4 contains the information necessary to include information on national or local governors (governors), as mandated by the Treaty.

(3) the register of enterprises openly available or obtainable must be openly Act article 7, first paragraph, the specified information and documents, as well as the State (municipal) shares of the company's opening balance sheet.
13. article. Public (municipal) shares of the company formation and registration (1) article 11 of the law referred to in the first subparagraph of the Treaty establishing the company in place of the governing bodies should be the decision on transformation of State enterprises (local) shares of the company.
(2) to the national (local) the Corporations Act does not apply to the fourth part of article 11, article 12 and 13.
(3) of the Act 14 of the first paragraph of article 3 of the information referred to in paragraph must indicate the owner of shares and the shareholder's name.
(4) of the Act 14, second paragraph, the founder of the site specified in the Statute must be signed by the authorized officials of the host authorities.
(5) to the national (local) the Corporations Act does not apply, article 16, article 17, in the third and fifth and article 18.
(6) article 19 of the law of the third part (l) in paragraph corporations instead of the Treaty should be the Governing Body decision on transformation of State enterprises (local) shares of the company.
(7) to the national (local) the Corporations Act does not apply in the third subparagraph of article 19, paragraph 4.
14. article. National (local) shares of the company share capital (1) the law article 20 referred to in the second paragraph of the company's place in the treaty governing bodies must be the decision on transformation of State enterprises (local) shares of the company.
(2) to the national (local) the Corporations Act does not apply to article 21 of the eighth part.
15. article. Types and categories of shares (1) Of article 23 of the law, part of the first class of the State (municipal) joint stock company may issue only common shares and the shares of the staff.
(2) to the national (local) the Corporations Act does not apply to the second paragraph of article 23.
(3) of the law on the third part of article 23 in the categories of ordinary shares (local) State joint stock company may issue only common shares with voting rights, which are all owned by the State (municipal) and ordinary shares, without voting rights, which constitute the public (municipal) shares of the company's Board.
(4) public limited company of all types and categories of the nominal value of the shares is one dollar. Therefore, the public limited companies Act do not apply article 26, paragraph 2.
(5) to the national (local) the Corporations Act does not apply, article 27 and 28, as with article 29 of the eighth and ninth.
16. article. The company's stock value and payment of property acquisition (1) if the State (municipal) shares of the company will increase the share capital by attracting additional capital, following the additional capital that society can invest only in public (municipal). If, in this way increasing the share capital, the State (municipal) share in the terms of the release of the final payment of the value of the shares in the fails to pay within the time limit the full value of each share subscribed, it receives a number of shares corresponding to the amount actually invested. Therefore to State (municipalities) the Corporations Act does not apply to article 30 of the fourth — the seventh part.
(2) to the national (local) the Corporations Act does not apply to the third part of article 31 and article 32.
Article 17. The State (municipal) of the shares owned by the property of other persons going to the country (local) public company shares to another person's property, you can move only if the company privatised in chapter V of this law, in the cases and in the procedure. Therefore to State (municipalities) the Corporations Act does not apply article 34.
18. article. Rules under which company acquires its own shares to the public (municipal) the Corporations Act does not apply to article 35, paragraph 2 and 3.
19. article. Bonds to the public (municipal) shares of the company are not subject to article 36 of the law on the third, fourth and fifth and article 37 second paragraph, second sentence.
20. article. Increase the share capital (1) to the national (local) the Corporations Act does not apply to article 38 of the fourth part of article 40 and part four.
(2) if the State (municipal) shares of the company's share capital increase article 41 of the law, in accordance with the procedure laid down in the joint stock company releases the same types and categories of shares, which was up to now, and in the same proportions as was before. In addition to the shares in the company released distributed among the shareholders proportionally to the shares they already owned. Shareholders acquire the type and category of shares, which they belonged to the share capital increase. Therefore to State (municipalities) the Corporations Act does not apply to the second paragraph of article 41.
(3) to the national (local) the Corporations Act does not apply article 43 first paragraph 4., 7 and 8 and the second and third.
(4) article 44 of the law referred to in the second paragraph of the sales price of the shares (local) State joint stock company determines the stock release.
(5) article 45 of the law referred to in the first paragraph the stock signing public (municipal) shares of the company can not be entrusted to other persons.
(6) article 45 of the law referred to in the second paragraph of the sales price of the shares, pay the share release provisions within that period.
(7) to the national (local) the Corporations Act does not apply article 45 fifth and article 46.
21. article. Governors (governors) public (municipal) shares of the company (1) the Governor or Governors (hereinafter referred to as the trustee) performs functions of general meeting of shareholders.
(2) the Trustee Act in accordance with this law and the law "On State and local capital management companies".
(3) the public (municipal) shares of the company may not form a Council, and shall not be subject to the law of the second subparagraph of article 48. In that case, the function of the Council of Governors.
(4) the public (municipal) shares of the company may not be members of the Council to fulfil the functions of a Governor.
(5) the mandate of the contractual issues, before the general meeting of shareholders decides on them, the trustee previously aligned with shareholders.
22. article. The general meeting of shareholders (1) if the State (municipal) Executive Board of the company law article 50, second paragraph, the deadline is not an ordinary general meeting of shareholders has, it shall be convened by the same trustee, if such a proposal to sign a public statutory trustee. If the same Governors does not propose to convene an ordinary general meeting of shareholders may be convened in the respective paragraphs of that institution, as well as a stock holder.
(2) the register shall convene a general meeting of the shareholders of the current Law in article 50 provided for in the third subparagraph, in the case if it is not made public (municipal) shares of the company's Management Board, Council or audit authority, or the holder of the shares.
(3) the extraordinary general meeting of shareholders to convene may require article 51 of the law referred to in the first paragraph, as the holder of the shares.
(4) Article 51 of the law in the fourth paragraph, the limit that the extraordinary general meeting of shareholders may be convened not the same institution that requested the convening of the does not apply to the holder of the shares.
(5) if there is a specific need, extraordinary general meetings of shareholders may be held in the same shareholder and to notify the Council and the Governing Board audit institution. Shareholder general meeting of shareholders extraordinary in that case be advertised within a time limit which shall ensure notification of the convening of the general meeting of shareholders. This period may not be shorter than a week.
23. article. Competence of the general meeting of shareholders (1) to the national (local) the Corporations Act does not apply article 54, first paragraph, point 10. The decisions point matters adopted stock holder.
(2) the matters referred to in Rule 54 of the first paragraph of article 8, 9 and 11, need stake holder's prior written consent.
(3) if so requested by the shareholder, the shareholders ' general meeting the subject matter should be addressed at the general meeting in addition to the third paragraph of article 54 of the cases referred to, in which the general meeting of shareholders may decide the law and the statutes of the company unexpected questions.
24. article. The convening of the general meeting of shareholders (1) Trustees and shareholders to participate in the general meeting of shareholders, send a registered letter, delivering letters against signature or by telecommunications means.
(2) If a corporation is not in stock, the staff general meeting notice sent shares of the company concerned within the time limit laid down in the statutes, which must not be less than a week.
(3) if the shares of the company's staff shares in the notice of the general meeting of shareholders must be sent within the time limit laid down in the statutes of the public, which may not be less than two weeks.
(4) to the national (local) the Corporations Act does not apply to article 55 of the third.
25. article. Proxy and shareholder participation in the general meeting of shareholders (1) shareholders ' proxy to attend the general meeting in person, and he may not be my right to put other people or other trustees. Article 58 of the law, the first subparagraph shall apply only to the State (municipal) shares of the company's shareholders.
(2) article 58 of the law on the third part of the shareholders ' group in the country (local) you can build a company only if the company has a large number of the staff shareholders.
(3) to the national (local) the Corporations Act does not apply, article 58 of the fourth part.
26. article. Proxy and shareholder voting rights

(1) the general meeting of shareholders for each trustee shall have one vote.
(2) to the national (local) the Corporations Act does not apply article 59 first-quarter.
27. article. The general meeting of shareholders and the duration of the meeting (1) the general meeting of shareholders shall be signed by all those governors who participate in the general meeting.
(2) If a corporation has no staff, to stock the following national (local) public limited liability companies Act do not apply article 60 fifth.
(3) If a corporation has no staff, national (local) public limited liability companies should not be indicated in the Protocol's Law 62, the first paragraph of article 7 of the shareholders referred to in paragraph — so the correctness of the protocol — first name and last name.
(4) If a corporation has no staff, national (local) shares of the company not in the Protocol should be the law of article 62 of the shareholders referred to in the second subparagraph, the confessor of the correctness of the Protocol – captions.
(5) Article 62 of the law of the fourth part of the shareholders ' general meeting copy of the proxy holder will be served without pay.
28. article. The decision of the general meeting of shareholders of the opposition and cancellation (1) sue for the decision of the general meeting of shareholders may act repeal 63. referred to in the second subparagraph of article subjects, as well as the holder of the shares, if the State (municipal) shares of the company in general meeting, a decision was taken in breach of a contract of mandate proxy frame or obligations to breaches of this law, the first paragraph of article 23.
(2) the public (municipal) shares of the company's Management Board (hereinafter the Board) represent the company in the Court of law, article 63 of the sixth part of the cases, as when the action path shares.
(3) the Court may annul the decision of the general meeting of shareholders by law article 64, first paragraph, as well as cases where the proxy vote violated the mandate contract frame.
29. article. The State (municipal) Council of the company (1) the first national (local) corporations Council (hereinafter Council) appointed by the governing body in this law, the procedure laid down in article 7, so the State (municipalities) the Corporations Act does not apply to the second paragraph of article 65.
(2) to the national (local) the Corporations Act does not apply to the article 66 of the 15th.
(3) the Council shall not have the right to decide matters within the competence of the Management Board. However, the Board required the consent of the Council deciding such issues: 1) the acquisition, increase or decrease in other companies;
2) public (municipal) shares in the public company, the sale, lease, the suspension or dissolution;
3) another company purchase;
4) public (municipal) shares of the company's affiliate and opening and closing of missions;
5) public (municipal) shares of the company, the company affiliates and representative offices of the statute or regulations and the approval of the amendment;
6) real property purchase, selling or burdening with debt;
7 the issue of if) credit is not associated with the State (municipal) shares of the company's current operations;
8) new activities started and termination of existing activities;
9) General operating principle.
(4) to the national (local) the Corporations Act does not apply the second paragraph of article 70.
(5) the members of the Council, as established by the Council, the Commission shall determine the remuneration of the members of the general meeting of shareholders. To provide that members of the Council may receive part of the profits of the company, the general meeting of shareholders may only with the consent of the holder of the shares and the amount specified.
(6) to the national (local) the Corporations Act does not apply to article 72.
30. article. Public (municipal) shares of the company's Management Board (1) if the State (municipal) shares of the company have not created the Council, article 29 of this law referred to in the third subparagraph of the questions the Board should be harmonized with the general meeting of shareholders.
2) to the national (local) the Corporations Act does not apply the second paragraph of article 74.
(3) Article 74 of the law on the third part of the case, the general meeting of shareholders can elect candidates to the members of the Management Board, if defined in the company's statutes.
(4) to the national (local) the Corporations Act does not apply article 74 of the sixth of.
(5) the public (municipal) shares of the company, in its statutes may specify that its operational governance Management Board may elect one or more managing directors. National (local) a limited liability company may provide in their statutes that the post of Managing Director is named for the post of Director, Manager or otherwise.
(6) to the national (local) the Corporations Act does not apply the second paragraph of article 75.
31. article. The Board, its members and the managing directors ' rights and obligations (1) Throughout their term of Office, the Board must notify the law 76. referred to in the second subparagraph of article facts during the month of the event in question occurs.
(2) Throughout their term of Office, the Managing Director must notify the law 76 of the eighth article of the above facts a month from the day of accession of the event.
(3) if the State (municipal) shares of the company have not created the Council, article 77 of the law, part of the ninth report of the Executive Board of the general meeting of shareholders provides a designated trustee.
(4) if the State (municipal) shares of the company have not created the Council, Chairman of the Board to act 77 of the 10th article in the case referred to the general meeting of shareholders shall be informed of the designated trustee.
32. article. National (local) shares of the company activity monitoring and auditing to the country (local) the Corporations Act does not apply article 84 fifth.
33. article. The State (municipal) shares of the company in liquidation (1) Government (municipal) shares of the company at the same time with its liquidation Law 89 of the first paragraph of article 2 in the case referred to in paragraph happen not with a decision of the general meeting of shareholders, but to stake holder's decision.
(2) joint stock companies winding-up of the country implemented privatization agency in accordance with the law "on State and municipal property privatisation of objects". The privatisation Agency to carry out the law "on joint stock companies" the intended functions of the liquidator, shall appoint the liquidators. State corporations during liquidation of the general meeting of shareholders does the privatisation Agency.
(3) municipal corporations during liquidation of the municipality may determine that the functions of the general meeting of shareholders shall take the same municipality.
(4) to the national corporations law not covered by article 90.
(5) to the municipal corporations act does not apply article 90, paragraph 2.
(6) the privatisation Agency made a decision of the Registrar of companies for public joint stock companies winding-up. The application shall be accompanied by a shareholder on the winding-up. The particulars of each liquidator's name, surname, personal code and residence.
(7) to the national corporations law not covered by article 91, paragraph 2.
(8) a Municipal Corporation Act article 91 provided for in the second paragraph of the general meeting of shareholders in the register of the Enterprise shall submit the municipal corporation shareholder on the winding-up.
(9) to the national (local) the Corporations Act does not apply article 92 in the second and third.
34. article. The legal relationship of State (local government) of a limited company 1) on all damages suffered by third parties due to the State (municipalities) in the company's transformation into joint stock companies, with all their belongings in the newly public company responsible (public).
(2) Article 96 of the law by the company's founder is to be understood in the national or local business institution which made the decision on State or municipal enterprise transformation of joint stock companies.
(3) to the national (local) the Corporations Act does not apply Article 95 first-fifth and sixth in the last sentence, seventh, ninth and tenth and 96, the third part of the article.
35. article. National (local) requirements of the training company (1) of article 100 of the law in the first part, in the cases provided for in the action may be brought also the holder of the shares.
(2) If the action shall be brought before the Court of Justice, the State shareholder (local) shares of the company in court to stop the stock holder in the seconded person.
(3) to the national (local) shares of the company are not subject to article 100 of the law, second and tenth part.
36. article. Another article of the law, the application of other laws article (local) public limited company applicable insofar as they do not conflict with this Act.
Chapter IV State (municipal) by limited liability companies operating characteristics of article 37. General provisions (1) if the State (municipal) in the society with limited liability are appointed by the Governors of several cases in which the law "on limited liability companies" (further in the text of this chapter-law) established the necessary quorum for the meeting of members, the number of participants or representation of members of the regulated in relation to certain of the company's share capital (Fund of the Statute) part of the society with limited liability statutes would be the Governor.
(2) if the State (municipal) in the society with limited liability are appointed by the Governors, then in several cases in which the law required the votes of the participants of the meeting participants in decision making, national (local) public limited liability statutes would be an appropriate proxy votes.

(3) in cases where the law specifies the rights and obligations of members or mention actions affecting members, the rights, duties and activities apply equally to trustees.
38. article. National (local) companies with limited liability (1) the public limited liability company name must be a law article 6, first paragraph, the information and the word "State", but a municipal limited liability company name – article 6 of the law referred to in the first subparagraph, the information and the name of the municipality.
(2) to the national (local) public limited companies law not covered by article 6 and the second part of the second sentence of the third paragraph.
39. article. National (local) limited liability company formation and registration (1) on public (municipal) limited liability company founder considered the governing body reached a decision about the company's transformation into the country (local) companies with limited liability.
(2) to the national (local) companies with limited liability not covered by article 8 of the law, second, fourth, fifth paragraph, second and third and sixth.
(3) article 9 of the law in that company with limited liability and the founding of the Treaty establishing the meeting location must have a governing body decision on transformation of State enterprises (local) companies with limited liability.
(4) establishing the State (municipalities) of a limited, not to draw up a list of the participating shares and a report on the economic contribution.
(5) to the national (local) public limited companies shall not apply article 12 of law 10.
(6) the law article 13, first paragraph, point 3 of the said information must be specified in place of the shareholders and the holders of the shares.
(7) article 13 of the law laid down in the second subparagraph, the founding statute instead of re-sign notified the governing body Executive.
(8) If the State is founded (municipality), limited liability company, to its Foundation is not subject to the Act: 14. Article 20 and article 21, second paragraph, 3, 5 and 6, and part four.
40. article. Members of the capital of the State (municipal) in the society with limited liability (1) to the national (local) companies with limited liability not covered by article 28 of the law of the third part.
(2) the public limited liability company with the capital of each denomination is one dollar then. Therefore, to companies with limited liability is not subject to article 29 of the Act.
(3) to the national (local) public limited companies law not covered by article 30.
Article 41. The State (Government) owned the shares go another person's property to the State (municipal) shares owned by another person may move only if privatised the company with limited liability in chapter V of this law, in the cases and in the procedure. Therefore, national (local) companies with limited liability not covered by article 31 of the Act.
Article 42. The rules state (municipal) limited liability company acquires its own shares to the public (municipal) public limited companies Law not covered by the second paragraph of article 32.
43. article. Share capital increase and reduction (1) to the national (local) public limited companies law 34 not covered by the first paragraph of article l, paragraph and second paragraph.
(2) in order to increase national (local) public limited liability share capital company concerned must establish the share capital increase. You can increase the share capital after the share capital increase decision made in the register of companies.
(3) the text of the law in relation to the State (local) companies limited by new rules of engagement of the participants to understand the increase in share capital.
(4) to the national (local) public limited companies law not covered by article 35, first paragraph, first sentence, and paragraph 4, second subparagraph, and article 36 of the second subparagraph of paragraph 2 and the fifth and sixth.
44. article. The Governor of the State (municipal) in the society with limited liability (1) the public trustee (local) society take responsibility for meeting participants.
(2) the Trustee Act in accordance with this law and the law "On State and local capital management companies".
(3) the mandate of the contractual issues before their discretionary trustee meeting participants previously aligned with shareholders.
Article 45. Members meeting (1) if the State (municipal) by limited liability companies article 39 of the law of the Executive Body, the time limit laid down in the first paragraph has no members in the current meeting, convened by the same trustee, if such a proposal signed by the national (local) public limited liability statutory trustee. If the same Governors does not propose to convene another meeting of members may be convened, in the relevant paragraph of that institution, as well as shareholders.
(2) the company may ask to convene a meeting of participants in the current Law article 39 provided for in the second paragraph of case, if it is not done by limited liability companies, Governors or executive body of shareholders.
(3) extraordinary meeting of members can request a article 40 of the law referred to in the first paragraph, as well as shareholders.
(4) if there is a specific need, extraordinary meeting of members may be held in the same part of the capital and to notify the holder of the Executive Body and the body. Shareholders extraordinary meeting of participants in the case to issue a deadline, which shall ensure notification of the convening of a meeting of members. This period may not be shorter than a week.
Article 46. Eligibility of members meeting (1) to the national (local) public limited companies law not covered by the first paragraph of article 41-paragraph 2 and 5. Decisions on paragraph 5 adopted part of the capital.
(2) the matters referred to in article 41 of the law in the first part of paragraph 1 and 4, requires shareholders to prior written consent.
(3) if so requested by the holder of the shares, the meeting participants for the matter to be considered at the meeting in addition to the Act in the second paragraph of article 41 of the cases referred to, in which the members meeting can decide the law and not provided for in the statutes.
47. article. Participants in the meeting notification (1) the trustee must be invited to the meeting participants by sending a registered letter, delivered the letter to the signature or by telecommunications means.
(2) a notice of meeting of members must be sent to the public (municipal) by limited liability companies within the time limit laid down in the statutes, which must not be less than a week.
48. article. The participation of members of the Trustees meeting (1) the trustee shall attend the meeting of the participants personally, and he is not allowed to transfer their rights to other parties or other trustees.
(2) Every trustee meeting has one vote.
(3) to the national (local) public limited companies shall not apply article 42 of the Act.
(4) the members ' meeting minutes signed by all those governors who are participating in the meeting.
(5) to the national (local) public limited companies Law not covered by article 43 of the last sentence of part 1.
49. article. National (local) companies with executive responsibility for the national (local) public limited companies law not covered by article 44, first paragraph, last sentence.
50. article. Control and audit of the operations of the State (municipal) in the society with limited liability On the national (local) companies with limited liability not covered by article 47 of the law of the last sentence of the third paragraph.
51. article. National (local) public limited liability salvage (1) national (local) companies with limited liability in the event of termination of the law article 49, first paragraph 2. in the case referred to in paragraph, moreover, not with the decision of the meeting of members, but to the shareholders to decide.
(2) public corporations with limited liability liquidation take the privatisation Agency in accordance with the law "on State and municipal property privatisation of objects". The privatisation Agency to carry out the abovementioned statutory functions of the liquidator, shall appoint the liquidators. Public limited liability company during liquidation of the participants in the meeting functions take the privatisation Agency.
(3) a municipal limited liability company during liquidation of the municipality may determine that the meeting participants does the municipality itself.
(4) The public limited-liability companies not subject to article 50 of the Act.
(5) to the municipal corporations with limited liability is not subject to the law of the second paragraph of article 50.
(6) the privatisation agency announced a decision of the Registrar of companies for public corporations with limited liability. The application shall be accompanied by the shareholders of the decision on liquidation. The particulars of each liquidator's name, surname, personal code and residence.
(7) The public limited-liability companies not subject to the Law of the second paragraph of article 51.

(8) a municipal limited liability company Act article 51 provided for in the second paragraph of the participants in the meeting place of the Registrar of companies shall submit a municipal limited liability company shareholders a decision on liquidation.
(9) national (local) public limited companies law, the first subparagraph of article 52 in decisions about limited liability company afloat, adopt the shareholders.
52. article. The legal relationship of State (municipal) in the society with limited liability (1) for any damage caused to third parties due to the State (municipalities) the conversion of State enterprises (local) society with limited liability, with all his belongings in a newly created company responsible (public) with limited liability.
(2) to the national (local) companies not covered by article 55 of the law.
53. article. National (local) public limited liability of its claims (1) article 59 of the law in the first part of the cases to the Court of Justice may be brought also the holder of the shares.
(2) If the Court of justice the way shareholders, State (local) company with limited liability in court representing shareholders in the seconded person.
(3) to the national (local) public limited companies law not covered by article 59, second and third.
54. article. Another article of the law, the application of other laws article (local) public societies with limited liability are applicable insofar as they do not conflict with this Act.
Chapter v of privatisation and enterprise incorporated companies the privatization if it translates in incorporated companies selling the shares in the company article 55. Incorporated companies or enterprise basis of privatisation privatisation and enterprise incorporated companies the privatization when it transforms, while selling incorporated companies in this part of the capital of the company may take place only in accordance with the law "on State and municipal property privatisation of object" and duly approved rules of privatization (privatization).
Article 56. Decision on privatization (1) the decision on the national (local) or incorporated companies putting the privatization, the Cabinet of Ministers adopted for the Government or in accordance with the law "on State and municipal property privatisation of objects".
(2) a decision on the privatisation of the company passed to the transformation of the incorporated companies while selling these shares in the company, the privatisation of the sponsoring institution adopted, reaffirming the terms of privatization (privatization).
57. article. The sale of shares (1) of the sale of shares in accordance with the terms of the privatization (privatization).
(2) the shares may be sold to below their face value.
(3) If the provisions of the privatization (privatization project) the period prescribed all the shares are not sold, unsold shares remain public (municipalities). The sponsoring body of privatization shares can be sold repeatedly privatization (privatization project) properly or develop new rules for privatization (privatization). Cabinet or the municipal decision in that case is not necessary.
(4) the incorporated companies or company shares sold must not be greater than 20 percent of the share capital of incorporated companies.
58. article. The status of incorporated companies and administrative bodies (1) not later than two months after the State sold shares in terms of privatisation (the privatisation project), set by a sponsoring institution of a privatisation or incorporated companies Board (Executive Body) shall be convened by the new owner of the shares at a general meeting (the meeting): 1) approved amendments to the statutes of the incorporated companies;
2) elected by the governing body of the incorporated companies;
3) decide other issues that determine the form of the business regulatory laws.
(2) the incorporated companies with the moment when the articles of Association are registered with the register of enterprises of the country, lose the (local) status and further incorporated companies running the appropriate business form the regulatory law.
(3) the moment when the amendments to the Statute of the incorporated companies are registered in the register of companies, Governors and members of the governing body of the incorporated companies.
Article 59. The company's status (1) not later than two months after the State sold shares in terms of privatisation (the privatisation project), set by the sponsoring institution convened the privatisation of part of the capital the new owners general meeting (the meeting): 1) approves the statutes of the incorporated companies;
2) elected by the management and control of incorporated companies;
3) decide other issues that determine the form of the business regulatory laws.
(2) the moment when the new Statute of the incorporated companies are registered in the business register, the company loses the status of the company and further work to the appropriate business form the regulatory law.
60. article. The registration of incorporated companies privatized incorporated companies registered in the companies register. The application for registration shall be accompanied by: 1) incorporated companies or company concerned privatization (privatization);
2) privatization bodies requesting a decision on privatization (privatization project) approval;
3) statutes of the incorporated companies;
4) shareholders of incorporated companies the general meeting (the meeting) of the Protocol;
5) other documents provided for in the form of the business regulatory laws.
Transitional provisions 1. public (municipalities) with the amendments incorporated companies in their statutes, relating to entry into force of this law, must be registered in the register of the company until September 1, 1996.
2. National (local) shares of the company to the members of the boards of the statutory amount of shares to be bought up to 1 November 1996.
3. With the entry into force of this law shall lapse in the law "on State and local government business transformation of incorporated companies" (the Republic of Latvia Supreme Council and Government in 1992, 29/31.nr. the rapporteur; The Saeima of the Republic of Latvia and the Cabinet of Ministers Rapporteur in 1994, no. 4) and the constitutional order of article 81 of Cabinet of Ministers issued regulation. 142 ' rules on State and local government business transformation of incorporated companies "(Latvian Saeima and the Cabinet of Ministers rapporteur, 1996, no. 11).
The Parliament adopted the law on 8 July 1996.
The President g. Ulmanis in Riga in 1996 July 19