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Library Law No. XLIX of 1992 concerning the use of compensation coupons for the acquisition of title to agricultural land.

Law No. XLIX of 1992 concerning the use of compensation coupons for the acquisition of title to agricultural land.

Law No. XLIX of 1992 concerning the use of compensation coupons for the acquisition of title to agricultural land.

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LEX-FAOC007229
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The intention of the Law is to allow acquisition of title to agricultural land as compensation for property loss as a result of State intervention in the past, considering the interest in continuous agricultural development as well. Article 1 lays down deadlines for the presentation of claims for agricultural land against compensation coupons. Assignment procedures for compensation coupons are covered by Articles 2 and 3. The implementation of the Law is remitted to land redistribution commissions (art. 4). Such commissions propose auction schemes and land to be sold by auction. Auctions are regulated in Article 6. Compensation coupons may be used at par only at auctions and during transactions.

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