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Law On State Enterprises

Original Language Title: Lov om statsforetak

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Law on state enterprises.

Date LOL-1991-08-30-71
Ministry of Municipal and Modernization Department
Last modified LO-2016-01-22-1 from 01.03.2016
Published In 1991 booklet 16
Istrontrecation 01.01.1992
Changing
Announcement
Card title Government law-state-state of state.

Capital overview :

Jf. former law 25 June 1965 # 3.

Kap. 1. Almemorial regulations.

SECTION 1. Lovens Scope

The law applies to enterprises owned by the state alone, and as the King has decided that the law shall apply for, jfr. SECTION 7.

SECTION 2. Definitions

With the state enterprises of this law, in this law enterprise as mentioned in Section 1.

Owner a state enterprise so many stocks or shares in a company that they represent the majority of the vote, are considered the state enterprise as a motherhood enterprise and the company as a subsidiary. Owner a mother enterprise together with subsidiaries or owns one or more subsidiary spending so many stocks or shares in another company as mentioned in the first period also is also considered to be subsidiary of the mother enterprise.

Has a state enterprise otherwise as an owner of stocks or company shares or due to deal-best influence over a company and a significant stake in its operating result, is also considered the state enterprise as a motherhood and company as a subsidiary.

Morenterprise and subsidiary companies make up a concert.

SECTION 3. Partposition

A state enterprise has even rights and obligations, is party in agreements with private and public authorities and has the party position facing court and other authorities.

SECTION 4. The relationship with other legislation

Law 10. February 1967 about the processing way in the Management Act (the Management Act) does not apply to state enterprises. Law 18. July 1958 # 2 about public service activists (service law) and law 4. March 1983 # 3 about the state's officials m. (The service party law) does not apply to employees of state enterprises.

0 Modified by laws 20 des 2002 # 88 (ikr. 1 jan 2003 ifg res. 20 des 2002 # 1697), 19 May 2006 # 16 (ikr. 1 jan 2009 ifg res. 17 oct 2008 No. 1 1118).
Section 4 a. State of the Government of the Business Insibilities

The state is not facing the creditors of the company's obligations. The government duties not to make deposits in the enterprise or in the event of its bankruptcy living out over what follows by the staple document or ordinance to foreclose the settlement of the settlement.

0 Added by law 20 des 2002 # 88 (ikr. 1 jan 2003 ifg res. 20 des 2002 # 1697).
SECTION 5. The loan recording and warranty news

In the ordinance, rules can be determined about the company's loan recording and warranty, herunder rules that limit the adhall to take up loans or give guarantees. For agreements in violation of the ordinance regulations as mentioned in the previous period, Section 32 applies.

0 Modified by law 20 des 2002 # 88 (ikr. 1 jan 2003 ifg res. 20 des 2002 # 1697).
SECTION 6. Law's absence

The provisions of the law cannot be waived in the statutes unless the opposite is specifically determined in the law.

Kap. 2nd Stig. 2.

SECTION 7. Attaway about the creation of the enterprise

The King of State Council hits the ordinance of the creation of state enterprises, and determines which ministry is to represent the state as the owner of the enterprise. The betting shall explicitly declare the enterprise as a state enterprise that the law here shall apply for, jfr. SECTION 1.

SECTION 8. Foundation document

When it's hit the ordinance of the creation of state enterprises, jfr. Section 7, the person creates a ministry dated and signed the staple document that contains a referral to the ordinance, and, at least, the ministry's decision is made about :

1. The fort's ordinance.
2. The assessment of the Board, herunder who is to be the leader and deputy leader.
3. The business's auditor.
4. Enshot in nothing but money, jfr. Section 13 else clause first period.
5. The timing of the termination of the employee's forestage rights to the other state position and the right to the waiting service of the service party law, jfr. Section 55 third joints.

The company is deemed to be founded when the staple document has been created. From this point of time, the enterprise can have the party position as mentioned in Section 3.

SECTION 9. Registration in the FortaksRegistry

The company is to be reported to the Foretake Register of the Business Register only six months after the staple document has been created.

Kap. 3. Vedder.

SECTION 10. The betting content

The act of the Fortater is to at least indicate :

1. The show's name.
2. The show's purpose.
3. The municipality of the realm where the enterprise is supposed to have its business office.
4. Which ministry agency is hearing during.
5. State deposits in the enterprise.
6. The number, or the lowest or highest number of board members.
7. What cases to be treated at the ordinary venture meeting.
8. Other as by the law requires ordinance provision.
0 Modified by law 5 sep 2003 # 91 (ikr. 1 March 2004 ifg. res. 5 sep 2003 # 1118).
SECTION 11. Attachment changes

Changes to the ordinance are passed by the venture meeting.

Kap. 4. State deposits in the enterprise. The division of the enterprise funds.

SECTION 12. The Requirement of the defensible equity

A state enterprise is going to any given time have an equity that is justifiable from the risk of and the extent of the business in the enterprise.

If it must be assumed that the equity is lower than justifiable from the risk of and the scope of the business in the enterprise, the Board shall immediately process the case. The board shall within the reasonable time of the call of the venture capital, give it a statement of the enterprise's economic position and propose measures that will provide the enterprise a defensepital. The same applies if it must be assumed that the equity of the company has become less than half of the capital of the capital.

If the Board does not find the basis for suggesting measures as mentioned in other clauses, or such measures do not allow to conduct, it shall propose the enterprise dissolved.

0 Modified by law 20 des 2002 # 88 (ikr. 1 jan 2003 ifg res. 20 des 2002 # 1697).
SECTION 13. State deposits at the foundation of the enterprise

The state should at the foundation of the enterprise make a deposit that stands in a defensible relationship with the enterprise's business. State's inequity capital shall be paid or transferred to the enterprise at the same time that the venture is registered in the Forecharge Registry.

Is the state's deposits other formatesvalues than money, it should be specified in the staple document what to launch. The deposit may not be transferred to a higher amount than it is believed to be able to be listed on the balance of enterprises. A confirmation from the auditor that the deposit has not been valued at higher than permitted after the previous period shall be attached the staple document.

0 Modified by law 20 des 2002 # 88 (ikr. 1 jan 2003 ifg res. 20 des 2002 # 1697).
SECTION 14. Prevention of the Infecture of the Infecture

After the venture is registered in the Forecharge Register, the enterprises may be able to stop increasing the state's deposits by the payment of new capital.

The meeting protocol is supposed to indicate how much the deposit is to be elevated with. Is the deposit of other formality values than money, the protocol should indicate what to launch. The deposit may not be transferred to a higher amount than it is believed to be able to be listed on the balance of enterprises. At the venture meeting, it shall be presented a confirmation from the auditor that the deposit has not been valued at higher than permitted after the previous period. The confirmation shall be passed the protocol.

The deposit shall be paid or transferred to the enterprise only at the same time that the acquisition is recorded in the Forecharge Registry. The Forester is considered implemented when it is registered in the Forester Registry.

SECTION 15. Prevention of the Infecture of the Infecture without the newly paid

The settlement meeting may be able to stop increasing the state's deposits in the enterprise by transfer from enterprises equity in the extent that this after the recently determined balance exceeds the prior-deposit amount. The meeting protocol is supposed to indicate how much the deposit is to be elevated with. The Forester is deemed to be implemented once it is registered in the Forester Registry.

SECTION 16. Impact of the acquisition of the

The rally may be able to stop putting down the state's deposits. The meeting protocol shall indicate how much the deposit should be set down with, and whether the amount should be used for :

1. Dec. of loss that cannot be covered in any way.
2. Repayment to the state, or
3. Transfer to fund.

Decision as mentioned in the first clause 2 and 3 may not apply greater amounts than that after the run-down is full coverage for the remaining deposits. By the calculation of the amount, balance for the last fiscal year is added to reason, but it should be taken into account for losses that had to be lidt after the balance of the balance. At the venture meeting, it shall be presented a confirmation from the auditor that the terms of the first and second period are met. The confirmation shall be passed the protocol.

The provisions of law 13. June 1997 No. 44 about stock companies Section 12-4 to 12-6 apply accordingly.

0 Modified by law 20 des 2002 # 88 (ikr. 1 jan 2003 ifg res. 20 des 2002 # 1697).
SECTION 17. Exchange

The division of the enterprises of the state that does not occur at the run-down of the entry-form of the Section 16 or by resolution, jfr. Chapter 10, can only be performed as the dividend of dividends.

Exchange can only be determined to be distributed so far the enterprise has an net wealth that exceeds the entry-level capital. By the calculation of the amount, the balance of the last fiscal year is to be added. It may not in any case be determined to be divided more than unily with careful and good accounting under consideration of losses that had to be occurred after the balance of the balance or that must be predicted to occur.

Decision about the outsharing of the Company's funds is met by the venture meeting.

Kap. 5. Managing and managing director.

SECTION 18. The leadership of the

A state enterprise is led by a board of directors and a managing director.

SECTION 19. The Forces Assembly m.v.

A state enterprise should have a rule of at least three people. In enterprises where employees have management presentation, jfr. Section 20, the Board shall have at least five members.

CEO can't be a member of the board of directors.

The board is selected by the venture meeting with the exception that follows of Section 8 first joints and 20. The board member's allowance is determined by the venture meeting.

The board is supposed to have a leader and deputy leader. Is not otherwise determined in the ordinance, the leader and the deputy leader of the venture meeting.

The rules of the Emergency Act Section 20-6 about representation of both genders of the Board shall apply accordingly.

0 Modified by law 19 des 2003 # 120 (ikr. 1 jan 2004).
SECTION 20. Employee's boardroom presentation

Has the venture in the last three fiscal year average had more than 30 employees, can 2/3 of the employees demand that one board member and an observer and commodity presenties are chosen by and among the staff.

Has the venture in the last three fiscal year average had more than 50 employees, a majority of employees may demand that until 1/3, still at least two, of the board's members with the commodity presenties chosen by and among the staff.

Has the enterprise in the last three fiscal year average had more than 200 employees, and it is agreed that the enterprise should not have corporate assembly, jfr. Section 33 different joints, the employees shall select one board member with the commodity representative, or two observers with commodity presenties, as well as the representation that follows by other clause.

Belongs to the enterprise a corporation or any other group of enterprises connected through ownership interests or public leadership, it can be made in written agreement between the corporation or group and a majority of the employees, or between the corporation or the group and one or more local unions representing a majority of the employees of the Group or group, about their employees in the corporation or group at the Applicability of Other and Third Clause shall be considered employed in the enterprise and that elections after other and third joints shall be taken by and among the employees of the Corporation or group.

Belongs to the enterprise a corporation or other group of enterprises connected through public leadership, and it is not reached agreement after fourth clause, the King can after application from the corporation or group, a majority of its employees or one or more local unions representing a majority of the employees of the corporation or group decide that the employees of the Group or group at the Applicability of Other and Third Clause shall be counted as employed in the enterprise, and that elections after other and third clause shall be taken by and among the employees of the corporation or group.

The king can at regulation or by ordinance in the individual case make exceptions from the first, second and third clause or decide that the fifth clause should be applied to parts of the corporation or group. Moreover, the king can provide filler regulations to the provisions of the first to fifth clause, hering about the terms of voting and electoral ability, about the electoral way, about the decision of disputes about the election and about the abduction of the board as a board member and observer.

The provisions of Section 21 first clause of the service's length and Section 22 first clause of the third period of the removal of board members, do not apply to board members and observers selected by the rules in the first to fifth clause.

0 Modified by law 20 June 2014 # 25 (ikr. 1 July 2014).
SECTION 21. Service Time

The board members are serving for two years. In the ordinance, it can be determined shorter or longer service time, still no longer than 4 years. Shorter service time can be determined by supplyside selection. The service time ceases at the expiration of the ordinary venture meeting of the year service time expires.

A board member will remain standing until new board member is chosen even if the service time has expired.

SECTION 22. Termination of the board of directors before the service time has expired

When the very frank relationship is present, a board member has the right to three back before the service time is out. Whether the withdrawal shall be given reasonably prenotice to the ministry. Member of the Board can at any time be removed at the decision of the venture meeting.

The hearing enlisted for a board member before the expiration of the service time or is he removed by ruling after the bankruptcy law Section 142 and 143, and the commodity representative for him is not yet to be made, the venture committee shall select a new board member for the remainder of the period. The election can still be taken to the next ordinary venture meeting if the Board is passed with the remaining members and commodity presenters.

SECTION 23. The Forces of the

The election of the enterprise is hearing under the Board, which also impose that its businesses are driven in accordance with the purpose of the Company, the ordinance and guidelines determined by the venture meeting. The board of directors is in charge of a satisfactory organization of the enterprise and shall impose on the registration and documentation of accounting information and the formation management is the subject of reassuring control. The board is supposed to be supervising the CEO's leadership of the business.

Before the Board hits the ordinance of matters that are believed to be of essential importance to the purposes of enterprises or as to significantly change the enterprise's character, the case shall be written in the ministry of writing. As attachments should in case follow the statement from the Corporate Assembly after Section 35 third clause. In the ordinance, it can be determined closer to rules about which cases to lecture the ministry after the first period.

The board of directors cannot without enterprise meeting consent to deal with participation in a company or other cooperation relationship where the enterprise has an unlimited liability for the joint enterprise commitment or for parts of these.

The desire for debt negotiation or bankruptcy treatment for the enterprise can only be conveyed by the Board. Under bankruptcy treatment, the Board of Direccies represents the enterprise as bankruptcy charges.

0 Modified by laws 17 July 1998 No. 56 (ikr. 1 jan 1999), 20 des 2002 # 88 (ikr. 1 jan 2003 ifg res. 20 des 2002 # 1697).
SECTION 24 Board meetings

The management of the Board ensures that the Board is holding meetings as often as it takes. Member of the Board and Managing Director may require the Board of Directiv. Whether the board of directors not for individual case determines otherwise, the CEO has the right to be present and to comment on the board meetings.

The steering meetings are led by the leader, or in his absence, by the deputy leader. Is none of these present, the Board selects even its chair leader.

At the board meetings, protocol shall be taken as underwritten by all of the present board members. Board member or managing director who disagrees in the board's decision may require his opinion instituted in the protocol. The protocol shall be promptly, and no later than fourteen days after the meeting of the board of directors, the person is sent by the ministry

SECTION 25. Attachment and multinumber requirements

The board of directors is passed when more than half of all board members are present. The board can still not hit the decision unless all members of the board as far as possible are given the opportunity to participate in the treatment of the case. Has a board member decay, and there are commodity representative for him, the commodity representative shall be given the opportunity to meet.

As the board's decision, it applies as the majority of the meeting has voted for, or by voting the chair of the meeting that the chair has voted for. Those voting for a decision still have to always make more than 1/3 of all board members.

By choice or employment, it is considered the elected or employee who gets the most votes. The board can in advance decide that it should be held new vote if no one gets the majority of the given votes. Stands the votes equally by choice of the chair of the meeting, the election will be decided at the loddittrekation. In the second case, the leader has voted for.

SECTION 26 CEO of

A state enterprise shall have a managing director as attributed to the board of directors who also determine the CEO's salary. The board is hitting the ordinance to terminate or dismiss the CEO.

SECTION 27. CEO of the CEO

Managing Director forehand the daily management of the enterprise, and should follow the guidelines and cuts that the Board provides. Managing Director shall ensure that the company's registration and documentation of accounting information is in accordance with law and regulations and that the formation management has been arranged in reassuring manner.

The daily management does not include cases that after enterprises ' relationship is of unusual species or great importance. Such cases, the managing director can only determine whether the board of directors in some case has given him the authority of it, or the board's decision cannot be expected without significantly disadvantage for the enterprise's business. The board is due to at least immediately undercorrected the case.

0 Modified by law 17 July 1998 # 56 (ikr. 1 jan 1999).
SECTION 28. Hability

Board member or managing director must not participate in treatment or decisions of questions that have such importance to him even or close that he must be deemed to have a prominent personal or economic particular interest in the case.

SECTION 29. Offers against receiving gifts m.v.

The employee or have the peer of trust in the enterprise must not for themselves or others receive gifts, compositions, services, or other benefits from others than the enterprise that is suitable for, or by the giver, to influence their actions for the enterprise.

Gifts, services, or other benefits mentioned in the first clause must also not be received by their spouse, person that they live with, someone who is related or bevoked with them in straight up or down-ascending line, or by company where some person who mentioned in the first clause has a prominent interest in.

The one that has received performance in violation of the ban in the paractment here, duties to pay the enterprise an amount corresponding to what the wrongful is received. Section 56 other clauses apply accordingly.

SECTION 30. Enlightenment-like m.v. of the Board of the subsidiary

The board of directors of the subsidiary duties to provide the Board and Managing Director of the owning state-run information that is needed to assess the concert's position and the result of the corporation's business.

Kap. 6. Representation.

SECTION 31 The board and managing director's representative rights

The board represents the enterprise, and draws its company.

The board can provide board member or managing director the right to draw the company's company. The Vedtecs can limit the board's authority after the previous period and also even provide regulations on the authority of the warrant that mentioned.

Managing Director represents the enterprise of the enterprise in cases that fall within his authority after Section 27.

SECTION 32. The violation of the representation court

Has anyone representing the enterprise public by action on behalf of the enterprise exceeded its authority, the act is not binding on the enterprise if the co-controversy realized or should recognize that the authority has been exceeded, and that therefore would fight realty to do right after the action of the current.

Kap. 7. Corporate Assembly.

SECTION 33. Corporate Assembly Assembly

In enterprises as the last three fiscal year average has had more than 200 employees, a corporate assembly is to be selected on 12 members or a higher number of, sublivable with three, as determined by the venture meeting.

It can be reviewed agreement between the enterprise and trade unions that include 2/3 of the employees or a majority of the employees that the enterprise should not have corporate assembly, jfr. Section 20 third joints. The king can give closer rules about the appointment of the agreement and content.

2/3 of Corporate Assembly members with commodity presenters are selected by the venture meeting.

1/3 of Corporate Assembly members with commodity presenties are chosen by and among the staff members. Trade unions that include 2/3 of the employees or a majority of the staff members may be able to decide that in addition to select observers and commodity presenties. The number of observers can make up until one half of the employee's members.

Belongs to the enterprise a corporation or other group of enterprises connected through public leadership, the King after application from the Corporation (group) or from unions that include 2/3 of the employees of the Concerto Group (group) or from a majority of The employees of the Concern (group) determine that the employees of the Concern (group) at the Applicability of the first clause shall be counted as employees in the enterprise, and that elections after the fourth clause should be taken by and among the employees of the Group of Concern (the group).

The king can at regulation or in the individual case make exceptions from the provisions of the first and fourth clause or decide that the fifth clause should be used in relation to parts of the corporation. Moreover, the king can provide filler regulations for the first, fourth and fifth joints, theres about conditions for suffrage and electability, the electoral way, about the decision of disputes about the election and about the passing of the commission as a member of the Corporate Assembly.

SECTION 34. Service time m.

About the service time and termination of the stice as a member of the Corporate Assembly applies Section 21 and 22 equivalent, nonetheless applies to Section 21 first clause of the length and Section 22 first clause of the removal of a member not for member chosen by the employees in co-hold of Section 33 fourth joints.

Member of and observer of the Board and Managing Director may not be a member or observer to the Corporate Assembly. The laws of the Corporate Assembly Assembly members apply as far as they fit for observers and commodity presenties.

The Corporate Assembly chooses even a leader among his members.

SECTION 35. Corporate Assembly Authority

The Corporate Assembly shall be supervising the management of the board and the CEO's Management of the enterprise. Each of the members and observers can at the meeting of the Corporate Assembly require information on the enterprise's operation in the extent they find it necessary. The Corporate Assembly may even or at sample commit investigations.

The Corporate Assembly shall give the statement to the enterprise meeting on the management's proposal to result accounting and balance should be approved, and whether the board's proposals for the use of surplus or coverage of deficit. The management's proposal as well as audit account shall be submitted corporate settlement members at the latest one week before the case should be resolved.

Prior to the meeting of matters concerning (a) investments of significant scope in relation to the enterprises of assets or (b) rationalization or transformation of the operation that will cause greater change or redesign of the workforce to the proposal The parent company's corporate assembly to the statement.

The Corporate Assembly can be acknowledged to the board of directors of any case.

Other belaments may not be added to corporate collections.

SECTION 36. Meetings in Corporate Assembly m.v.

Corporate Assembly leader shall convene the meeting as often as necessary, and also when at least 1/6 of its members or the board of directors demands it. Whether the Corporate Assembly for the individual case determines otherwise, board member, observer and CEO the right to be present and to comment on meetings in the Corporate Assembly. The management of the team and managing director has the obligation to be present unless this is clearly unnecessary or there is a valid decline. In the latter case, the equalise is supposed to be issued a proxy. About meeting and protocol, Section 24 and third joints apply accordingly and whether the ordinance and reconciliation count applies to Section 25 equivalent.

The Allowance of Corporate Assembly members and observers are determined by the venture meeting.

SECTION 37. The betting regulations on corporate assembly

In the ordinance, it can be determined that the enterprise should have corporate assembly even if the terms of Section 33 did not be present. The provisions of the Corporate Assembly granted in or in the co-hold of the Act shall apply accordingly.

Kap. 8. Foreface meeting.

SECTION 38. Allment of the enterprises of the company and the Assembly

The Ministry is exercising the top authority in the enterprise of the venture meeting. The Ministry's authority in the enterprise cannot be inguered besides the venture meeting.

Right to be present in the enterprise meeting and to comment on the company's board of directors, managing director and auditor. The CEO and the management of the board of directors have the duty to be present unless this is clearly unnecessary or it has been valid decay. In the latter case, the equalise is supposed to be proxy. The auditor's auditor has the obligation to be present for as far as those cases to be processed are of such species that his presence can be deemed necessary.

SECTION 39. Ordinary enterprises meeting

The Ordinary enterprises will be held within 6 months after the exit of each fiscal year.

At the ordinary venture meeting, the following questions shall be resolved and decided :

1. Fastsetting of the enterprise's result accounting and balance, herders of year-and-fall coverage of year-round deficit.
2. Fastsetting of the Group Results Accounting and Concerns.
3. Other cases that by law or ordinance hear during the venture meeting.
SECTION 40. Extraordinary enterprises meeting

Extraordinary enterprises are held when the ministry, the board or auditor finds it necessary.

SECTION 41. Invitation to venture meeting

The Ministry is calling for enterprises meeting and determines the summons manner. The call to ordinary enterprises shall be conducted in writing at the latest two weeks prior to the meeting, and shall be attached anniversaries, anniversaries, Auditor's account and corporate assembly's statement. The calling for extraordinary enterprises is to be conducted at the latest one week before the meeting, if not shorter notice in a particularly case is intrusive necessary.

To the meeting, they are called those who after Section 38 different joints have the right to be present at the venture meeting.

The call shall be determined to specify the cases to be processed at the meeting. Will the statutes be proposed changed, the main content of the proposal is rendered in the summons. The event meeting cannot hit the ordinance of other cases than those mentioned in the summons with less all of those who after Section 38 different joints have the right to be present consent in it.

0 Modified by law 17 July 1998 # 56 (ikr. 1 jan 1999).
SECTION 42. Meeting of the Union and Protocol

The assessment meeting is led by the management of the board. Has the enterprise assembly, led the meeting of Corporate Assembly's leader.

The meeting of the Chair shall ensure that it is to be the protocol of the venture meeting. The protocol shall be underwritten by the chair of the chair and another person chosen from among those present. Are some of those who after Section 38 different joints have the right to be present at the meeting, disagreeing in the ministry's decision, their perception shall be admitted into the protocol.

Kap. 9. 9. Audit and scrutiny.

SECTION 43. Forefare Revision

A state enterprise should have one or more auditors, chosen by the venture meeting. At least one should be registered or state authority.

0 Modified by law 21 des 2000 # 108 (ikr. 1 jan 2001).
SECTION 44. Granking

The assessment meeting can, when the very honest reasons suggest it, enact scrutiny of the enterprise or of further specified conditions regarding the administration of it or the books.

The as on behalf of the enterprises of the Company, the inquiry has the right to conduct the research in the enterprise that is necessary and may in this connection require the necessary assistance of the enterprise. The who's reckoning can of the Board, Managing Director and any other employee or peer-reviewed in the enterprise, require any enlightenment on the enterprise's relationship that the inquiry makes necessary. Belongs to the enterprise a corporation, applies to the court to conduct investigations and require information after the first and second period of the clause here also to its subsidiary. The person on behalf of the venture meeting will conduct the inquiry under the same rules that apply to auditors, jf. The accounting law Section 6-1.

0 Modified by law 15 jan 1999 # 2 (ikr. 1 aug 1999 ifg. Act 25 June 1999 # 711).
SECTION 45. Kingdom Audit Control

The wealth revision leads control with the administration of the state's interests and can conduct investigations mv. in state-owned enterprises and wholly owned subsidiaries to such enterprises after law 7. May 2004 # 21 about the National Assembly audit and instruction determined by Parliament Parliament

0 Changed by law 15 jan 1999 # 2 (ikr. 1 aug 1999 ifg. Act 25 June 1999 # 711), 7 May 2004 # 21 (ikr. 1 July 2004).

Kap. 10. Resolution and deviation.

SECTION 46. Attachment for resolution.

The King of State Council hits the ordinance resolution of the enterprise.

Section 47. (Raised by law 20 des 2002 # 88 (ikr. 1 jan 2003 ifg res. 20 des 2002 # 1697).) Section 48. (Raised by law 20 des 2002 # 88 (ikr. 1 jan 2003 ifg res. 20 des 2002 # 1697).) SECTION 49. Attapping about the deviation of the m.v.

When the enterprise is decided dissolved jf. Section 46, the ministry shall be within two weeks of call for enterprises meeting where it selects the deviation control board and is given closer rules about the deviation of the deviation.

When the deviation control is selected, the ordinary Board of Directional Board takes out of function.

0 Modified by law 20 des 2002 # 88 (ikr. 1 jan 2003 ifg res. 20 des 2002 # 1697).
SECTION 50. Message to the Pretakt Registry and the creditor Alert

The replacement Board shall immediately give message to the Foretake Register that the enterprise has been decided to disintegrated. The settlement registry shall simultaneously with the registration of the message announce the decision in the Bay of the Bay of the Bay of the Bay of the Bay of the Bay of the Bay of the Bay of the Bay of the Bay of the Bay of Brekneusundregists and notify the enterprises of the Company that they must report to the enterprise within six weeks from the announcement.

0 Modified by laws 5 sep 2003 # 92 (ikr. 1 jan 2004 ifg. res. 5 sep 2003 # 1119), 14 June 2013 # 41 (ikr. 1 July 2013 ifg. res. 14 June 2013 # 638).
SECTION 51. Cover of the foraging havers

The replacement board should ensure that all known foresters get coverage for as far as the aging holder does not waive their claim or consent to take another as debit or not instead.

Can a creditor not be found, or denies he or she to receive his tigodeOD, the amount shall be deposited in Norway's Bank by the rules of law 17. February 1939 # 2 about deposit in the debt-hole.

If there remain uncertain or retweeted obligations, a sufficient amount of coverage shall be placed to coverage. Unless otherwise agreed, the amount shall be placed on the joint account of the enterprise and the creditor it applies, so that withdrawals cannot happen without both of the couple's written consent or final judgment.

0 Modified by law 20 des 2002 # 88 (ikr. 1 jan 2003 ifg res. 20 des 2002 # 1697).
SECTION 52. Final Resolution

When all known foresters to be covered after Section 51 have received coverage, and potentially surplus to the state, the deviation board shall lay a written settlement forward for the enterprise meeting for approval.

When the settlement is finally approved by the venture meeting, it shall be reported to the Foretake Register that the enterprise is finally dissolved.

SECTION 53. Responsibility for unexploded obligations

Against creditors who did not receive coverage after Section 51 first and other clauses and also are not adequately secured by the statement after Section 51 third clause, the state is retaking the state until the value of what the state has received at the dissolution of the enterprise. Across such creditor, the addition of the creditor of the deviation of the parliamentary board members will be of solidarity without limitation, if it does not make amends that they have performed with intentional accreditation.

Credits claims after the first clause foraged three years after the eventual resolution was recorded in the Foretake Register.

0 Modified by law 20 des 2002 # 88 (ikr. 1 jan 2003 ifg res. 20 des 2002 # 1697).
SECTION 54. Impact of other state enterprises

The King of State Council can hit the ordinance that a state enterprise should be dissolved by that its assets, rights, herunder public permits and obligations as a whole is transferred to another state enterprise. The provisions of law 13. June 1997 No. 44 about stock companies Section 13-13 to 13-17 apply accordingly.

When it is hit by the first clause, the person should immediately call for the venture of the affected enterprises. The assessment meetings are hitting the ordinance of the closer review of the Association.

0 Modified by law 20 des 2002 # 88 (ikr. 1 jan 2003 ifg res. 20 des 2002 # 1697).

Kap. 11. Transform to state enterprises.

SECTION 55. Transform to state enterprises

A government business or business that is driven by a wholly owned state company or state-owned company, or part of such business, can as a whole be transferred to a state enterprise by that of assets, rights, herunder public permits, and obligations associated with the business are transferred to the state enterprise. Formergers and other rights hagants cannot oppose the transfer or make current that it constitutes a waste-due process for the legal affair.

As a health-owned state company and the state general stock company after the first clause also counts wholly owned subsidiary or subsidiary stock companies to a stock company or public stock company where the state owns all stocks, and wholly owned subsidiary companies or subsidiary stock company of a state enterprise.

The king may in regulation or for the individual case provide further regulations on the transfer of business to state-run companies after the first and other clause.

0 Modified by laws 13 June 1997 No. 44 (ikr. 1 jan 1999 ifg. res. 17 July 1998 # 615), 17 June 2005 # 62 (ikr. 1 jan 2006 ifg. res. 17 June 2005 # 609), 22 jan 2016 # 1 (ikr. 1 March 2016 ifg. res. 22 jan 2016 # 44).

Kap. 12. The replacement and penalty liability.

SECTION 56. Replacement liability

Board member, member of the Corporate Assembly as well as Managing Director duties to replace damage as the person during the execution of its task intentional or negligent violence, the state or others.

The replacement responsibility after the first clause can be levees for as far as there is reasonable under consideration for expelled, the damage size, economic ability and conditions otherwise.

SECTION 57 Decision to make the responsibility current

Decision that the enterprise should make liability current after Section 56 is met by the venture meeting.

SECTION 58. Penalty

Board member, member of the Corporate Assembly or Managing Director as intentional or negligent provision given in or in co-hold of this law, punishable by fines or under display conditions with prison until three months.

0 Modified by law 19 June 2015 # 65 (ikr. 1 oct 2015).

Kap. 13. Istrontrecation and transition regulations. Changes in other laws.

SECTION 59. Istrontrecation

The law takes effect from the time the King decides.

From the law of the law of the law, the laws of law 25. June 1965 # 3 about certain state companies m.even

SECTION 60. Overtime Regulations

Government companies organized by law 25 June 1965 # 3 If certain state-run businesses will have to be reformed to state enterprises after the law here within one year after the law of law enforcement unless the term of the expiration of the deadline has been reorganized to other company form or dissolved. By transform into state enterprises after the previous period, Section 55 is first clause equivalent.

SECTION 61. Changes in other laws

From the law of the law, the following changes are made in other laws :---

0 From 1 jan 1992 ifg. res. 30 aug 1991 No. 1 562 Modified by law 24 jan 1992 # 13.