Local authorities or groups thereof shall not acquire more than 33% (thirty-three percent) of the share capital of local public establishments and public enterprises, and other public, semi-public and private entities.
III – Property of Local Authorities
Official text
Transcription: Spot-checked
In force from 24-12-2019
Source page 12
The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision.
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Section 56 of the Law No 2019/024 of 24 december 2019 bill to institute the general code of regional and local authorities/akn/cm/act/loi/2019-12-24/2019-024
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