Regional Law No. 1243-OZ “On turnover of agricultural land”.
Закон Магаданской области от 12 марта 2010 г. N 1243-ОЗ "Об обороте земель сельскохозяйственного назначения в Магаданской области" (с изменениями от 20 июля 2011 г.).
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LEX-FAOC126117
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This Regional Law regulates turnover of agricultural land. It establishes that Regional Administration shall have preferential rights of purchase of agricultural land. Maximum agricultural land area that can be owned by one single natural or legal person shall not exceed 30 percent of total available agricultural land within the boundaries of a give municipal unit. Minimum period of lease of agricultural land shall be set forth as follows: (a) for farming – 3 years; (b) for grazing – 3 months; (c) for haymaking – 1 month; and (d) for other purposes – 6 months.
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