of May 15, 2003 No. 742-IV
About personal peasant economy
This Law determines legal, organizational, economic and social basis of maintaining personal peasant economy.
The personal peasant economy is economic activity which is carried out without creation of the legal entity by physical person individually or the faces consisting in the family or related relations and jointly living for the purpose of satisfaction of personal needs by production, conversion and consumption of agricultural products, realization of its excesses and rendering services with use of property of personal peasant economy including in the field of rural green tourism.
Members of personal peasant economy perform activities at discretion and on the risk within the established legal economic order, observing requirements of this Law, the laws of Ukraine, other regulatory legal acts.
The activities connected with maintaining personal peasant economy do not belong to business activity.
The relations connected with maintaining personal peasant economy are regulated by the Constitution of Ukraine, the Land code of Ukraine, the Civil code of Ukraine, this Law, the laws of Ukraine, other regulatory legal acts.
The relations on acceptance, entry into force, appeal administratively, to accomplishment, cancellation of administrative acts in the field of implementation of personal peasant economy are regulated by the Law of Ukraine "About ministerial procedure" taking into account the features determined by this Law.
Operation of this Law extends to physical persons to whom in the procedure established by the law the parcels of land for maintaining personal peasant economy are transferred to the possession or lease.
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