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Law No. XLIX of 1992 concerning the use of compensation coupons for the acquisition of title to agricultural land.

Country/Territory
Hungary
Document type
Legislation
Date
1992 (1997)
Source
FAO, FAOLEX
Original source
Jurix Collection of Hungarian Rules of Law, WWW, Hungary.
Subject
Land & soil
Keyword
Land reform Ownership Vested rights/existing rights Agricultural land Legal proceedings/administrative proceedings
Geographical area
Eastern Europe, Europe, Europe and Central Asia, European Union Countries
Abstract

The intention of the Law is to allow acquisition of title to agricultural land as compensation for property loss as a result of State intervention in the past, considering the interest in continuous agricultural development as well. Article 1 lays down deadlines for the presentation of claims for agricultural land against compensation coupons. Assignment procedures for compensation coupons are covered by Articles 2 and 3. The implementation of the Law is remitted to land redistribution commissions (art. 4). Such commissions propose auction schemes and land to be sold by auction. Auctions are regulated in Article 6. Compensation coupons may be used at par only at auctions and during transactions.

Full text
Hungarian