Decree relative to Jointly Owned Forests ( No. 163 of 2003). Country/Territory Finland Document type Regulation Date 2003 Source FAO, FAOLEX Subject Forestry Keyword Private forest Non-governmental entity Contract/agreement Community management Geographical area Arctic, Europe, Europe and Central Asia, European Union Countries, North-East Atlantic, Northern Europe Entry into force notes Entry into force on 1 March 2003. Abstract This Decree allows real estate owners to establish a jointly owned forest by concluding an agreement. The Decree prescribes a partnership shareholder’s meeting and an administrative board for the management of the partnership. This Decree provides for matters in respect of the first meeting of the shareholders, the election of the administrative board, the start-up of the partnership and minutes of meetings. A land survey office must notify the Forestry Centre of the entry of a jointly owned forest to the real estate register without delay. The Forestry Centre must convene the first meeting of the shareholders within three months from the date when the jointly owned forest is entered to the real estate register. The administrative board must ensure that the rules of procedure and forest plan of the partnership are drawn up without delay. Full text English Website www.finlex.fi References - Legislation Implements Act relative to jointly owned forests (No. 109 of 2003). Legislation | Finland | 2003 (2011) Keyword: Private forest, Non-governmental entity, Contract/agreement, Community management Source: FAO, FAOLEX