Law of Ukraine

"On Converting the Property of the Communist Party of Ukraine and the Communist Party of the Soviet Union into State Property"

Date of entry into force:
December 20, 1991

According to Article 1 of the Law, the property of the party committees of the Communist Party of Ukraine, the Communist Party of the Soviet Union, including enterprises and organizations owned by the Communist Party of Ukraine, its funds, shares, stock, other securities and property rights, wherever they are located, which have been or shall be transferred to the balance of the Verkhovna Rada of Ukraine, the Verkhovna Rada of the Crimean Autonomous Soviet Socialist Republic and local People's Deputies Councils according to the Order of the Presidium of the Verkhovna Rada of Ukraine of August 30, 1991 "On Prohibiting Activity of the Communist Party of Ukraine", are converted into state and communal property.

All property of the Communist Party of the Soviet Union, the property of the Communist Party of Ukraine, as well as the property of the party committees of the Communist Party of Ukraine in Kyiv is included into state property. The property transferred to the balance of the Verkhovna Rada of the Crimean Autonomous Soviet Socialist Republic and local People's Deputy Councils, except in the city of Kyiv, is communal property.

The Cabinet of Ministers of Ukraine exercises functions of managing state (republican) property listed on the balance of the Verkhovna Rada of Ukraine. The functions of owning, using and managing property included in the property of administrative-territorial units (communal property) are given to the Verkhovna Rada of the Crimean Autonomous Soviet Socialist Republic and appropriate local People's Deputy Councils, except in the city of Kyiv. The Cabinet of Ministers of Ukraine uses administrative buildings and premises of former bodies of the Communist Party of Ukraine located in the city of Kyiv, to locate official representative offices of other states and newly created central governance bodies. The administrative premises of former bodies of the Communist Party of Ukraine, except for those located in Kyiv, are used primarily for the needs of judicial, medical, cultural and educational facilities (Article 2 of the Law).

Article 3 of the Law envisages that agreements concluded on behalf of the Communist Party of Ukraine, its party committees, enterprises and organizations remain in effect if they were concluded according to the law and re-legalized by the State Property Fund of Ukraine before March 1, 1992.

According to Article 4 of the Law, commercial, economic and other enterprises and organizations in which funds or property of the Communist Party of Ukraine and the Communist Party of the Soviet Union, their party committees, enterprises and organizations were invested, must inform the State Property Fund of Ukraine of this before March 1, 1992.
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