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LAW OF UKRAINE

of July 12, 2001 No. 2658-III

About assessment of property, property rights and professional estimative activity in Ukraine

(as amended on 22-06-2023)

This Law determines the legal basis of implementation of assessment of property, property rights and professional estimative activity in Ukraine, its state and public regulation, ensuring creation of system of independent assessment of property for the purpose of protection of legitimate interests of the state and other subjects of legal relationship concerning assessment of property, property rights and use of its results.

Section I General provisions

Article 1. Law coverage

Provisions of this Law extend to the legal relationship arising in the course of implementation of assessment of property, property rights which belong to physical persons and legal entities of Ukraine in the territory of Ukraine and beyond its limits, and also to physical persons and legal entities of other states in the territory of Ukraine and beyond its limits if the agreement is signed according to the legislation of Ukraine, use of results of assessment and implementation of professional estimative activity in Ukraine.

Article 2. Legislation on assessment of property, property rights and professional estimative activity

Assessment of property, property rights and professional estimative activity are regulated by this Law, other regulatory legal acts according to property which are not contradicting it. If international treaties which consent to be bound is this the Verkhovna Rada of Ukraine establish other precepts of law according to property, property rights and professional estimative activity, rules of the international treaty are applied.

Article 3. Assessment of property and property rights

Assessment of property, property rights (further - property assessment) is process of determination of their cost for date of assessment according to the procedure established by the regulatory legal acts specified in article 9 of this Law (further - regulatory legal acts according to property), and is result of practical activities of the subject of estimative activities.

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