LAW OF THE REPUBLIC OF MOLDOVA

of July 7, 2016 No. 160

About modification and amendments in some legal acts

The Parliament adopts this organic law.

Art. I. – In the Law on entrepreneurship and the companies No. 845-XII of January 3, 1992 (Monitor of Parliament of the Republic of Moldova, 1994, No. 2, of the Art. 33), with subsequent changes, to make the following changes and addition:

1. Add Article 3 with Item 5 of the following content:

"5. The companies and entrepreneurs shall not possess own seal and put down it on documents of any nature. In case the legislation provides need of putting down of seal of the company or the entrepreneur, the requirement is considered executed if the document is signed by person who received on that powers from the company or the entrepreneur.".

2. In Item 3 of Article 22 of the word", and other attributes inherent in it" to exclude seal with firm.

3. 2) to state the subitem to part 3 of Article 30 in the following edition:

"2) transfers of seals on storage to territorial department of the State registration chamber in case the company owns seal;".

CT.II. – In appendix 5 to the Law on privatization of housing stock No. 1324-XII of March 10, 1993 (repeated publication: The official monitor of the Republic of Moldova, special release of June 27, 2006), with subsequent changes to make the following changes:

in column "Is registered" the word"," to exclude seal;

in item 4 of the word "seal and" to exclude.

Art. III. – In the Law on bills of exchange No. 1527-XII of June 22, 1993 (Monitor of Parliament of the Republic of Moldova, 1993, No. 10, of the Art. 285), with subsequent changes, to make the following changes:

1. In Item h) Article 4 of the word", under seal" to exclude.

2. In part one of Article 12 of the word "and seal" to exclude, and shall be replaced with words the words "it is sealed" "makes sure the signature".

3. In part one of Article 27 of the word "and seal" to exclude.

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