General ledger accounting law

Original Language Title: Wet administratie grootboekschuld

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Law of 4 October 1995, to the simplified administration of the Grand Book debt

We Beatrix, at the grace of God, Queen of the Netherlands, Princess of Orange-Nassau, etc. etc. etc.

All of them, who will see or hear these, saluut! do know:

In this regard, we have taken the view that the debts of the State of the Netherlands, registered in the Grand Book of the National Debt, as referred to in the Grand Book of the Grand Book, are to be placed under an administrative system which is better suited to the current demands of social traffic than the system of the Grand Bouquetet.

In this way, we, the Council of State, and with the mean consultations of the States-General, have been well-regarded and understood to be right and to be understood by the following:

Chapter 1. General provisions

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Article 1

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For the purposes of this Act and the provisions based thereon, the following definitions shall apply:

  • a. the size books: the Grand Books of the National Debt as specified in the Grand Book of the Grand Book;

  • (b) the debt registers: the debt registers referred to in Article 2 ;

  • c. Our Minister: Our Minister of Finance.

Chapter 2. Debt registers

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Article 2

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Our Minister shall arrange for the opening of debt registers for the purpose of the registration of debts of the State of the Netherlands in accordance with or pursuant to this Law.

Chapter 3. Management and establishment of debt registers

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Article 3

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On the debt registers is the Law of 30 November 1949, dealing with the management of debt registers for loans from the State ( Stb. J 529), applicable.

Chapter 4. Transitional provisions

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Article 4

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  • 1 After the date of entry into force of this Act, except in the case of transfer or write-off under this Act, no more bookings shall be made on accounts in the major books.

  • 2 Subscriptions to large books shall, depending on the rightholders of those tenders, become applicable to third parties who can assert rights on those tenders and sign-in, which shall be transferred to accounts in the debt registers, or converted to bearer debt instruments.

  • 3 The rights to enrolments, rights of third parties on invitations to tender, the receipt of tenders and the rights of third parties to tenders submitted shall be laid down by the Commission before the date of entry into force of this law. shall be assessed in accordance with the provisions in force during the acquisition of the right to seizure.

  • 4 Municipalities, under the terms of the Royal Decree of 26 July 1820, no. 74, entrusted with the management of tenders in the name of former guilds, shall be deemed to be entitled holders of those registrations.

  • 5 The provisions in the final decisions, under-winding, statutes and rules of legal persons and agreements, whereby investment in subscriptions are prescribed in the size books, shall be subject, subject to amendment, to the extent that the Law permitting, as provisions requiring investment in cash loans to be charged to the State.

  • 6 A condition or burden referred to in Article 931 book 4 BW , which predates the entry into force of the Civil Code in 1838 and relates to one or more registrations in the grand books, is held for not being written.


Article 5

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  • 1 Rightholders of subscriptions, third parties entitled to grant rights to tenders in the ledgers and those who have seized on registrations in the major books or on third party rights to tenders in the books of the general public. Grand books shall be notified within 10 years of the date of entry into force of this Act.

  • 2 Tenders shall, if the holders of such tenders have not notified themselves during the period referred to in paragraph 1, automatically transfer to the State of the Netherlands at the end of that period.

  • 3 Third parties ' rights to enrolments shall, if those third parties have not notified themselves during the period referred to in the first paragraph, take over the right-holder at the end of that period of application.

  • 4 Cases of tenders or third party rights on invitations to tender shall be cancelled if the depositors have not notified themselves during the period specified in the first paragraph of this Regulation, after the end of that period of law.


Article 6

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  • 1 Our Minister shall arrange for the opening of suspenderbills intended for the temporary registration of debts of the State of the Netherlands in accordance with the provisions of this Act.

  • 2 In the suspendeof accounts, the Law of 30 November 1949, dealing with the management of debt registers for loans from the State ( Stb. J 529), applicable.


Article 7

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Does an entry in the large books or major books be neither encumbered by a right of a third party or impounded and shall inform the rightholder of that registration within the Article 5 The registration shall then be transferred to an account in the debt registers in the name of the rightholder or converted to bearer debt instruments at the discretion of the rightholder.


Article 8

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  • 1 Is an entry in the major books seized, the holder shall inform the holder of that registration within the Article 5 the term and has not yet reported the attachment to the person at that time, the registration shall be transferred to an interim account in the name of the rightholder.

  • 2 The attachment of the attachment is to be found inside the Article 5 The date referred to and has not been notified by the rightholder at that time, the registration shall be transferred to a suspensive account in the name of the State of the Netherlands.

  • 3 Report the rightholder and the attachment to the inside of the Article 5 specified period, the registration shall be transferred to an account in the debt registries in the name of the rightholder or converted into bearer debt instruments.


Article 9

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  • 1 Is an entry in the ledgers encumbered with an unconfiscated right of a third party, the rightholder shall register within the Article 5 the third party has not notified the third party at that time, the registration shall be transferred to an interim account in the name of the rightholder.

  • 2 Reports the third is within the Article 5 The date referred to and has not been notified by the rightholder at that time, the registration shall be transferred to a suspensive account in the name of the State of the Netherlands.

  • 3 Report the rightholder and the third party within the Article 5 specified period, the registration shall be transferred to an account in the debt registries in the name of the rightholder or converted into bearer debt instruments.


Article 10

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  • 1 Is an entry in the grandbooks seized and encumbered with an unconfiscated right of a third party, the rightholder shall register within the Article 5 the third party or the attachment of the person concerned has not been notified at that time, the registration shall be transferred to an interim account in the name of the rightholder.

  • 2 Reports the attachment of the attachment or the third person inside the Article 5 The date referred to and has not been notified by the rightholder at that time, the registration shall be transferred to a suspensive account in the name of the State of the Netherlands.

  • 3 Report the rightholder, the attachment of the attachment and the third person within the Article 5 specified period, the registration shall be transferred to an account in the debt registries in the name of the rightholder or converted into bearer debt instruments.


Article 11

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  • 1 Is the registration in the grandbooks encumbered with a right of a third party, the rightholder shall register within the Article 5 the third party or the attachment of the person concerned has not been notified at that time, the registration shall be transferred to an interim account in the name of the rightholder.

  • 2 Reports the third or the impound trailer within the Article 5 The date referred to and has not been notified by the rightholder at that time, the registration shall be transferred to a suspensive account in the name of the State of the Netherlands.

  • 3 Report the rightholder, the third and the attachment to the inside the Article 5 the said period, the tender shall be transferred to an account in the debt registers in the name of the rightholder or converted into debt instruments.


Article 12

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  • 1 Is an entry in the ledgers seized and encumbered with a confiscated right of a third party, the rightholder shall register within the Article 5 the third party or the person who has placed a herd on the right of the third party at that time has not yet reported the registration, the registration shall be transferred to an interim account in the name of the third party or the person who has placed a seizure of the third party or the person who has placed it on the right of the third party of the rightholder.

  • 2 The person who has seized the registration of the third party or of the person who has taken up his registration has entered the right of the third party to enter the Article 5 The date referred to and has not been notified by the rightholder at that time, the registration shall be transferred to a suspensive account in the name of the State of the Netherlands.

  • 3 The person entitled to the registration shall notify the holder of the registration, the third party and the person who has impounded the right of the third party to the right of the person to enter the Article 5 specified period, the registration shall be transferred to an account in the debt registries in the name of the rightholder or converted into bearer debt instruments.


Article 13

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Is booking of the tender or a part of the entry on an account in the debt registers in accordance with the Articles 7 to 12 not possible, then, after depreciation of the tender or that part of the tender, debt instruments shall be made available to toinclude.


Article 14

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Bearer debt securities issued under the Grand book may be included against the subscription or subscription of the amount of these debt instruments on an account in the debt registries or the issue of bearer debt securities as referred to in Article 3 (1) of the EC Treaty. Article 13 .


Article 15

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  • 1 After the expiry of the Article 5 The period referred to above shall be the suspendeof bids in the name of the rightholders in the accounts in the debt registers on the behalf of the rightholders or converted into bearer debt instruments.

  • 2 Bids in suspenderaccounts in the name of the State of the Netherlands are transferred to accounts in the debt registers in the name of the State of the Netherlands or converted into debt securities of bearer debt.

  • 3 The suspenal accounts shall be closed.


Article 16

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  • 1 After the expiry of the Article 5 The period referred to above shall be written off in the Grand books in favour of the State of the Netherlands.

  • 2 The major books shall be closed.


Article 17

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The Grand Book and the Law of 12 April 1978 amending the Grand Boekwet ( Stb. 1978, 188) shall be repealed.

Chapter 5. Amendment of other laws

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Article 18

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Chapter 6. Final provisions

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Article 19

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The Grand Books of the National Debt, referred to in Article 15 of the Law of 14 May 1814, restoring national debt, and fining funds to the State of the State of the Land of the European Union ( Stb. 1814, 58), Article 6 of the Law of 25 June 1844 to amortization or exchange of National Debt ( Stb. 1844, 28), Article 8 of the Law of 30 December 1895 on conversion of three and a half hundred to three hundred and three national debt ( Stb. (2) and Article 1 of the Law of 31 December 1910 relating to the establishment of a monetary loan from the State ( Stb. 1910, 412) shall be closed.


Article 20

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The Royal Decree of 8 December 1814 laying down the rules of procedure for registration in the Grand Book of the National Debt, as a result of the Law of 14 May 1814 ( Stb. 1814, 111), the Royal Decree of 22 December 1814 arrested a regulation on the transfer of inscripted capitals into the Grand Book of the National Debt ( Stb. 1814, 113), the Royal Decree of 18 May 1818 adopted the Rules of Procedure on the payment of interest in respect of national real interest-making debt ( Stb. 1818, 24) and the Royal Decree of 11 March 1818, No 83 shall be repealed.


Article 21

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Our Minister proposes further rules for the notification, the registration of debts on suspendeaccounts and in debt registers, the issuance of debt instruments to bearer, the submission of debt securities issued under the Grand book, the the establishment and the management of the suspendeof accounts and the debt registers and the payment of interest.


Article 22

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This Law shall enter into force on a date to be determined by Royal Decree.


Article 23

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This law can be cited as: Law administration general ledger debt.

Burdens and orders that are in the State Sheet will be placed, and that all ministries, authorities, colleges and officials who so concern will keep their hands on the precise execution.

Issued at The Hague, 4 October 1995

Beatrix

The Minister of Finance,

G. Zalm

Published twenty-fourth October 1995

The Minister of Justice,

W. Sorgdrager