Laki valtion erityisrahoitusyhtiön perustamiseen liittyvistä järjestelyistä | 442 — Finland law | Esheria

Laki valtion erityisrahoitusyhtiön perustamiseen liittyvistä järjestelyistä

The Government is authorized to transfer specified state assets, business, and certain Kera Oyj shares to a state special financing company.

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Jurisdiction
Finland
Instrument
Act or statute
Citation
442
Version
Undated source snapshot
Language
fi
Official source
View official record ↗
asset transfer case transfer commencement employment terms financial administration government powers merger ministerial permit public administration share subscription staff transfer stamp duty state liability state-backed guarantees state-owned company statutory repeal transfer tax transitional measures

Statute overview

About this statute

The Government is authorized to transfer specified state assets, business, and certain Kera Oyj shares to a state special financing company. This section lets the Government carry out Kera Oyj’s merger into a special financing company, gives the Ministry of Finance the permit and rulemaking role, and makes the State liable for certain Kera Oyj debts and guarantees when the Credit Institutions Act stops applying. The Government confirms the value and terms of property transferred to the special financing company and decides other arrangements for the transfer and company formation; the State must subscribe all of the company’s shares when it is founded. The Government must approve Valtiontakuukeskus’s final financial statements for its last operating year, and the special financing company must carry out Valtiontakuukeskus’s tasks in this respect. Certain transfers and related loan-agreement transfers are exempt from transfer tax and the stamp duty mentioned in the cited stamp duty law.