(1) Funds kept by the local authority's treasurer may be used for the purchase of stock or shares. In such case, he shall register them and keep the certificates.
(2) Registered stock held by local authorities shall be considered immovable assets.
IV – Contracts Concluded by Local Authorities
Official text
Transcription: Spot-checked
In force from 24-12-2019
Source page 13
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 62 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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