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Library Property Rights Law.

Property Rights Law.

Property Rights Law.

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The purpose of this Law is to clarify the ownership of property and to protect property rights including rights relating to land.This Law shall apply to civil relationship arising from the ownership and utilization of property including movable and real property. Real or movable property may be owned jointly by two or more institutions or individuals and may be of two kinds, namely co-ownership by proportion and common ownership. Registration shall be granted for the establishment, modification, transfer and lapse of the right in real property by the registration department. The Law also defines state, collective and private ownership in respect of mineral resources, sea areas, waters, natural resources, wild animals, etc. Further provisions include: usufructuary rights; easements; rights to mortgage; possession of real and movable property.

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