Law on leasing (1999).

https://www.fao.org/faolex/results/details/en/c/LEX-FAOC042567

Resource information

Resource Language

anglais

ISBN / Resource ID

LEX-FAOC042567

Pages

1

License of the resource

Copyright details

© FAO. FAO is committed to making its content freely available and encourages the use, reproduction and dissemination of the text, multimedia and data presented. Except where otherwise indicated, content may be copied, printed and downloaded for private study, research and teaching purposes, and for use in non-commercial products or services, provided that appropriate acknowledgement of FAO as the source and copyright holder is given and that FAO's endorsement of users' views, products or services is not stated or implied in any way.

The Law consists of 25 Articles. The present Law determines the juridical, organizational and economic peculiarities of leasing and is aimed at attracting investments on the basis of leasing activity. Enterprises and other property complexes, buildings, structures, equipment, transport means and other movable and immovable property pertaining to the main means can be subject to leasing. Plots of land and other natural objects and also the property prohibited for free circulation in Turkmenistan or for which the special order of circulation is set, can not be subject to leasing. The law specifies that leasing agreement can be concluded in the form of multilateral agreement with the participation of a provider of a leasing, receiver of leasing and seller of the subject of a leasing or bilateral agreement between the provider of a leasing and receiver of a leasing.

Legislation