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Law No. 54 Of 8 July 1994

Original Language Title:  LEGE nr. 54 din 8 iulie 1994

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LEGE No. 54 of 8 July 1994 amending certain provisions of the Law no. 22/1969 on the hiring of managers, the establishment of guarantees and liability in relation to the management of the assets of
ISSUER PARLIAMENT
Published in OFFICIAL MONITOR NO. 181 of 15 July 1994



The Romanian Parliament adopts this law + Article UNIC Law no. 22/1969 on the hiring of managers, the establishment of guarantees and liability in relation to the management of the assets of the socialist organisations shall be amended and supplemented as follows: 1. The terms "socialist organizations" in the title and content of the law are replaced by the terms: "economic agents, authorities or public institutions". 2. Article 15 is amended and shall read as follows: "" ART. 15. -The cash guarantee will be deposited by economic agents, public authorities and institutions at the House of Savings and Consemnations or at banks, in a special account of the economic agent, of the authority or of the respective public institution. Cash guarantees deposited at the Savings and Consemnations House or at banks shall be entered in a record book by the name of the manager. The record book will be kept in the cashier of the economic agent, authority or public institution in favour of which the guarantee was constituted. For the guarantee submitted under the conditions of 1, an annual interest shall be granted, determined by the depositary of the guarantee, which may not be less than the interest granted on deposits on a one-year term. " This law was adopted by the Senate at the meeting of June 23, 1994, in compliance with the provisions of art 74 74 para. (2) of the Romanian Constitution. SENATE PRESIDENT prof. univ. dr. OLIVIU GHERMAN This law was adopted by the Chamber of Deputies at its meeting on June 27, 1994, in compliance with the provisions of 74 74 para. (2) of the Romanian Constitution. CHAMBER OF DEPUTIES PRESIDENT ADRIAN NASTASE --------------------