About The Peculiarities Of The Orders Of The Russian Shares Of Joint-Stock Company Of Energy And Electrification "unified Energy System Of Russia" And Shares Of Other Electricity Stock Companies Located In Federal Property

Original Language Title: Об особенностях распоряжения акциями Российского акционерного общества энергетики и электрификации "Единая энергетическая система России" и акциями других акционерных обществ электроэнергетики, находящимися в федеральной собственности

Read the untranslated law here: http://pravo.gov.ru/proxy/ips/?doc_itself=&infostr=x&backlink=1&fulltext=1&nd=102052755

Expired-the Federal law dated 26.03.2003 N 36-FZ of the RUSSIAN FEDERATION FEDERAL LAW on peculiarities of disposal of shares of Russian joint-stock company of energy and electrification "unified energy system of Russia" and shares of other electricity stock companies located in federal property adopted by the State Duma June 20, 1997 year approved by the Federation Council July 3, 1997 year Article 1. Establish that the 51 percent shares of the Russian joint-stock company of energy and electrification "unified energy system of Russia" is in federal ownership.
The sale and other forms of exclusion, as well as leasing of pledge of shares of the Russian joint-stock company of energy and electrification "unified energy system of Russia" and other shares of joint-stock companies of power industry under federal property within the volume, can be implemented only on the basis of the Federal law.
Article 2. Establish that the subjects of the Russian Federation transmitted 33 per cent of the votes on the shares of the Russian joint-stock company of energy and electrification "unified energy system of Russia" in federal ownership that is proportional to the volume of consumption of constituent entities of the Russian Federation of electrical energy.
Article 3. Specify that the property of foreign States, international organizations, foreign legal entities, as well as their affiliated Russian legal persons, foreign natural persons may be up to 25 per cent of all the shares of the Russian joint-stock company of energy and electrification "unified energy system of Russia".
The Government of the Russian Federation on the basis of article 40 of the Federal law "on joint stock companies" to ensure the maintenance of such a restriction based on the actual number of shares of the Russian joint-stock company of energy and electrification "unified energy system of Russia", owned by foreign States, international organizations, foreign legal entities, as well as their affiliated Russian legal persons, foreign natural persons.
Article 4. This federal law shall enter into force on the day of its official publication.
Russian President Boris Yeltsin in Moscow, the Kremlin May 7, 1998 N 74-ФЗ