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LAW OF UKRAINE

of September 10, 1991 No. 1540-XII

About the companies, organizations and the organizations of allied subordination located in the territory of Ukraine

(as amended of the Decree of KM No. 8-92 of 15.12.1992)

Article 1. Determine that the property and financial resources of the companies, organizations, organizations and other objects of allied subordination located in the territory of Ukraine are state-owned property of Ukraine.

Article 2.

(Article 2 it is suspended regarding powers of Fund of state-owned property of Ukraine, except its powers as lessor according to the Decree of KM of N8-92 of 15:12. 92)

To the Cabinet of Ministers of Ukraine, generally till October 1, 1991 to provide transition of the specified companies, organizations and the organizations to maintaining state bodies. To fully complete this work till December 1, 1991. Property of these companies to transfer Fonda of state-owned property.

Article 3. Recognize invalid property agreements which change pattern of ownership, the operations of the moratorium established by the resolution of the Supreme Council of the Ukrainian SSR on November 29, 1990 concluded in time.

Article 4. Determine that decisions of state bodies, bodies of public, political, cooperative, other organizations and the companies, officials, and also the agreements and other agreements accepted or performed on the basis of the legislation of the USSR on change of the owner and patterns of ownership, and also creation of joint-stock and joint businesses with the assistance of bodies of authority and management of USSR after adoption of the Resolution of the Supreme Council of Ukraine of August 24, 1991 "About declaration of independence of Ukraine" without approval of the relevant organs of management determined by the Cabinet of Ministers of Ukraine are considered as invalid.

Article 5.

Determine that legal successor according to the lease agreements of the state companies and contracts with heads in the territory of Ukraine concluded with the ministries and departments of the USSR is the Fund of state-owned property of Ukraine.

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