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LAW OF THE REPUBLIC OF MOLDOVA

of November 25, 2004 No. 387-XV

About transfer of the securities and shares which were not demanded according to provisions of the Law No. 392-XIV of May 13, 1999

(In edition of the Laws of 10.02.2006 No. 14-XVI, 07.06.2007 of No. 130-XVI, 24.05.2018 of No. 79)

The parliament adopts this organic law.

Chapter I. General provisions

Article 1. Law coverage

This law governs the relations arising in the course of provision of property of the agricultural enterprises liquidated owing to their restructuring, the property which was not demanded by owners of cost shares according to provisions of article 19 of the Law on restructuring of agricultural enterprises in the course of privatization of N392-XIV of May 13, 1999 (further - the Law on restructuring).

Article 2. Basic concepts

For the purpose of this law the following concepts are used:

the owner of cost share of property - the former member of kolkhoz, the employee of sovkhoz, sovkhoz plant or other agricultural enterprise, and also the other persons specified in article 35 of the Law on the Privatization program for 1997-1998 to N1217-XIII of June 25, 1997 or their legitimate heirs to whom cost shares of property from the privatized property were provided;

the commission on inventory count, distribution and provision of property - the working group formed by the order of the Minister of Agriculture, regional development and the environment of industry specialists which performs inventory count, distribution and provision of property to owners of cost shares of property;

the applicant - the owner of cost share of property who provided the commissions on inventory count, distribution and provision of property to the terms established by this law the statement for provision to it property of the liquidated agricultural enterprise;

the liquidated agricultural enterprise - kolkhoz, sovkhoz, sovkhoz plant or other agricultural enterprise subjected to restructuring according to the Law on restructuring and other regulations and excluded from the State register of the companies;

the property of the liquidated agricultural enterprises which was not demanded by participants of privatization - securities and/or shares of the liquidated agricultural enterprise which were not demanded by owners of cost shares of property and were not transferred to them according to the Law on restructuring;

securities - shares of the liquidated agricultural enterprise registered in the register of owners of personalized securities;

shares - the shares belonging to the liquidated agricultural enterprise in the authorized capital of the managing partnerships and societies.

Chapter II. Provision of property of the liquidated agricultural enterprise

Article 3. Provision of property

(1) Provision of property of the liquidated agricultural enterprise to owners of cost shares of property is performed by the commission on inventory count, distribution and provision of property.

(2) the Securities and/or shares of the liquidated agricultural enterprise transferred to the economic jurisdiction to body of local public authority and not demanded by owners of cost shares of property in the terms established by the Law on restructuring are provided to owners of cost share of property according to the decision of the commission on inventory count, distribution and provision of property accepted at the time of liquidation of agricultural enterprise.

(3) If at the time of liquidation of agricultural enterprise specified in part (1) the decision was not made or not all property of the liquidated agricultural enterprise was distributed, the commission on inventory count, distribution and provision of property till April 1, 2006 shall perform inventory count of unallotted property, and also distribution and provision to his applicants according to provisions of this law.

(4) the Commission on inventory count, distribution and provision of property in 15-day time from the date of the end of inventory count informs owners of cost shares of property the list of property objects which should be provided according to the submitted applications, by posting of this list in the building of primeriya, distribution through local mass media and on descents of local population.

(5) Applications for provision of property of the liquidated agricultural enterprise shall be submitted by owners of cost shares of property of the commission on inventory count, distribution and provision of property till May 1, 2006. The applications submitted after the specified term are not subject to consideration.

(6) the Body of local public authority is to applicants, responsible for provision, till May 1, 2006 of property of the liquidated agricultural enterprise the commission on inventory count, distribution and provision of property.

(7) After the term specified in part (6), the unclaimed property shall be provided as follows:

a) the securities distributed free of charge to suppliers of raw materials in case of privatization of the state companies for conversion of agricultural raw materials entering into agro-industrial complex carry over the state with the subsequent representation them to privatization;

b) others, except specified in Item and), securities, and also shares carry over administrative and territorial unit in the territory of which suppliers of raw materials acted, and can be sold according to the current legislation subsequently.

Article 4. Transfer and registration of the property right

(1) Transfer of securities and registration of the property right to them are performed on the basis:

a) certificates of exception of the liquidated agricultural enterprise of the State register of the companies;

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