Resource information
The Government, for the purpose of securing the rights of the owners of land shares and property shares in agricultural commercial enterprises which members have voluntarily agreed to re-organise them, as well as for the purpose of regulating certification of the right of property and property transactions, decrees to validate Recommendations on preparation and issue of certificates on the right to land shares and property shares and Recommendations on the modalities of management of land shares and property shares. Recommendations on preparation and issue of certificates on the right to land shares and property shares are applicable to agricultural commercial organizations (enterprises). Internal administrative commissions carry out inventory of agricultural land and property, calculate (define more exactly) land shares and property shares, legalise, register and issue certificates on property share and issue certificates on land share elaborated by provincial committees on land resources and land survey. Recommendations on the modalities of management of land shares and property shares are applicable to the transactions of property shares in accordance with Civil Code. The Regulation consists of 12 Sections. Section 1 regards lease. Section 2 concerns transactions of land shares. Section 3 deals with exchange of land share with property share. Section 4 concerns deposition of land share or the right of use of land share as fixed capital share of agricultural commercial organization. Section 5 regards allotment of the plots of land as land share. Section 6 concerns other transactions with land. Section 7 regards the modalities of disposal of unclaimed shares of land. Section 8 regards deposition of property share as fixed capital share. Section 9 regards transactions with property share. Section 10 regards donation and inheritance of property share. Section 11 regards allotment of property as part of property share. Section 12 concerns the modalities of disposal of unclaimed property shares.