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Law No. 48 Of 7 July 1994

Original Language Title:  LEGE nr. 48 din 7 iulie 1994

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LEGE No. 48 of 7 July 1994 on the establishment of rights in favour of individuals who have been established as a shareholder under the art. 36 36 of Law no. 18/1991 and the rights related to 1993 and 1994 for persons whose agricultural land is in the patrimony of autonomous regions with agricultural activity, research institutes and resorts and agricultural production
ISSUER PARLIAMENT
Published in OFFICIAL MONITOR NO. 175 of 11 July 1994



The Romanian Parliament decides: + Article 1 (1) Agricultural trading companies on shares with majority state capital, established on the basis of Law no. 15/1990 , will ensure individuals who have been established as a shareholder, pursuant to art. 36 of the Land Fund Law no. 18/1991 , in addition to dividends due according to the law and agricultural products or money, to their written option. (2) The rights consisting of agricultural products, as provided for in the previous paragraph, will represent the value equivalent of at least 600 kg of STAS wheat per hectare, with the corresponding reflection in the expenses of the respective commercial company. (3) The commercial agricultural companies on shares, which do not grow wheat, will grant to shareholders agricultural products or money, representing the value equivalent of at least 600 kg of STAS wheat per hectare. + Article 2 Rights consisting of agricultural products or money, established according to art. 1, shall be granted from the production of 1994. + Article 3 (1) Individuals whose land is in the patrimony of autonomous regions with agricultural activity, institutes and agricultural research and production resorts, as an effect of special laws, other than those of expropriation, will receive for year 1993 the quantity of 300 kg of STAS wheat per hectare or other agricultural products, in equivalent or their value, to the written option of entitled individuals. (2) Since 1994, the persons referred to in par. (1) will receive the quantity of at least 600 kg of STAS wheat per hectare or other agricultural products in equivalent or their value, at the written option of entitled individuals. (3) If the units nominated in par. (1) may not fully honour the quantities referred to in paragraph 1. (1) and (2) will pay the value of the quantitative difference under the present law. + Article 4 The rights provided by this law shall be calculated at the guaranteed minimum price of the wheat, in force at the time of payment. + Article 5 Natural persons who have not received their rights established under the provisions of Law no. 46/1992 and ale Law no. 29/1993 , as well as those who benefit from the provisions of this law are entitled to claim them within the general limitation period provided by law. Applications are exempt from stamp duty. + Article 6 The amounts due to individuals, according to the provisions of the law, are untaxable. + Article 7 On the date of entry into force of this Law, art. 1 1 and art. 5 5 of Law no. 46/1992 on the establishment of rights in favour of individuals holding shares under art. 36 36 of Law no. 18/1991 . This law was adopted by the Chamber of Deputies at the meeting of June 29, 1994, in compliance with the provisions of 74 74 para. (2) of the Romanian Constitution. CHAMBER OF DEPUTIES PRESIDENT ADRIAN NASTASE This law was adopted by the Senate at the meeting of June 29, 1994, in compliance with the provisions of art 74 74 para. (2) of the Romanian Constitution. SENATE PRESIDENT prof. univ. dr. OLIVIU GHERMAN ----------------------------