Previous Page  395 / 516 Next Page
Information
Show Menu
Previous Page 395 / 516 Next Page
Page Background

set forth under Article 36 of the Law shall be disposed and the sums

shall be paid to the beneficiaries, if they are not disposed by the pro-

prietors within the time limits granted by the Ministry of Finance.

Transfer by Inheritance

Pursuant to the new article in Law, the relevant Directorate of Land

Registry shall apply to court for certificate of inheritance if transfer by

inheritance is not registered within two years following the death of the

proprietor.

The relevant Directorate of Land Registry shall update the record

by registration of co-ownership in accordance with the certificate of

inheritance.

Entry into Force

The amendments made to Article 36 will enter into force three

months after publication and the other articles will enter into force

through publication.

MISCELLANEOUS

381