LAW N° 28/2004 OF 03/12/2004 RELATING TO MANAGEMENT OF ABANDONED PROPERTY | 28/2004 OF 03/12/2004 — Rwanda law | Esheria

LAW N° 28/2004 OF 03/12/2004 RELATING TO MANAGEMENT OF ABANDONED PROPERTY

This law is about managing abandoned property.

AI-assisted research synopsis — verify against the official legal text below.

Jurisdiction
Rwanda
Instrument
Act or statute
Citation
28/2004 OF 03/12/2004
Status
Not in force
Version
Undated source snapshot
Language
mul
Updated
Official source
View official record ↗
abandoned property abandoned property management appointment authority appointments asset disclosure asset disposal asset management asset transfer asset transfer restrictions banking commencement commission composition corporate administration court-ordered transfer fines fund handling governance government liability inheritance land administration land allocation land titles local government official gazette +11 more

Statute overview

About this statute

This law is about managing abandoned property. This article defines key terms used in the law on abandoned property. Abandoned property is managed by the State until the owner returns; if an owner dies without a legal heir, the property goes to the State. No person is liable for revenues from abandoned movable or immovable property for the stated period. A responsible organ may grant ownerless plots or unfinished or destroyed houses in towns or commercial centres, but the contents must first be valued and the recipient must deposit that value in a blocked account at the national bank.