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Investors Handbook-A Legal Guide to Business in Georgia
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Investors Handbook. A Legal Guide to Business in Georgia

law, as well as physical persons and legal persons of private law. 3. Transfer of State owned property in use shall be registered in the Public Registry by the entity of the State of Georgia, autonomous republics of Abkhazia and Adjara or local self-govern- ment bodies, the physical person, the legal person of public or private law to whom the property was transferred in use. 4. Unless otherwise provided by this law, it is not allowed to mortgage, rent, servitude, encum- ber, conclude any transaction disposing with the property or issue an individual administrative act by the receiver of State owned property which results in change of owner of the property. Article 36. The rule of transfer of State owned property in the use of physical person and legal person of private law 1. The State owned property is transferred in the use of physical person or legal person of

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