Law No. 3 Of 18 April 1989 Prohibiting Loans From Abroad

Original Language Title:  LEGE nr. 3 din 18 aprilie 1989 privind interzicerea creditelor din străinătate

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$20 per month, or Get a Day Pass for only USD$4.99.
Law No. 3 of 18 April 1989 prohibiting the ISSUING of loans from abroad UNITED NATIONAL ASSEMBLY and published in OFFICIAL GAZETTE No. 14 of 25 April 1989 United National Assembly adopts this law.

Article 1 prohibits State bodies, State establishments, and public, cooperative and banking units, to borrow from abroad.

Failure to observe the provisions of article 2. 1 attract the liability of persons convicted under the law.

Article 3 Any provisions contrary to this law are hereby repealed.
President of the great National Assembly, Nicholas GALARZA-— — — — — — — — — —