Law on the privatisation of state-owned and municipal property (No. VIII-480). Country/Territory Lithuania Document type Legislation Date 1997 Source FAO, FAOLEX Subject Land & soil Keyword Land reform Institution Public land Transfer Geographical area Europe, Europe and Central Asia, European Union Countries, Northern Europe Abstract The purpose of the Law is to establish privatisation of the state-owned and municipal property for cash. Privatisation objects may be transferred into private ownership only in compliance with this Law. Shares and other property owned by the state or municipalities may be transferred into the ownership of other persons only under this Law, unless other laws provide otherwise. Full text English