Law No. IX-2406 on purchase of agricultural land. | Land Portal

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ISBN / Resource ID: 
LEX-FAOC072394
Pages: 
8
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The scope of this Law shall be to ensure the rational management of agricultural land, development of land market and land consolidation. This Act shall not be applicable to purchase of land in the gardening associations. The following categories of land managers shall have the state support in the form of instalment selling of the public land for the period of 15 years: (a) natural persons registered as farmers; and (b) legal persons manufacturing agricultural commodities annual sale proceeds of which exceeds 50 percent of annual income thereof. Total allowable purchase of land shall be authorized so that agricultural land share within total purchased land area shall not exceed: (a) for natural persons – 300 ha; and (b) for legal persons – 2000 ha.

Authors and Publishers

Author(s), editor(s), contributor(s): 

Gnetii, Vsevolod (CONSLEGB)

Publisher(s): 

Government of the Republic of Lithuania (Lithuanian: Lietuvos Respublikos Vyriausybė) is the cabinet of Lithuania, exercising executive power in the country. Among other responsibilities, it executes laws and resolutions of the parliament, the Seimas, and the decrees of the President, manages state property and, together with the President, executes the foreign policy of the country. The Government also has the right of legislative initiative, puts together the state budget and presents it to the Seimas for approval.

 

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