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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

auction in respect of management of State owned property. Article 47. 4. In order to privatize a State owned agricultural land and the farming or supplementary facilities (buildings) or/and multi-year plants situated thereon in the form of direct selling the lessee is required to submit an application no later than May 1, 2011 to the Ministry, its relevant territorial entity or the respective body of executive government of autonomous republics of Ab- khazia and Adjara acting within the authority delegated by the Ministry. Law on Municipal Property 25.03.2005 Article 2. Municipal Property 1. Municipal Property ­ any object and intangible property which according to the Georgian legislation are included in the ownership of municipality, including the property which is trans- ferred to the municipality in the ownership by the State or which is created or obtained by the

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