The New York herald., 1922-05-25
Soviet. New Property Law.

Moscow. May "a (Associated Press)
The fundamental decree of the Soviet
Government recognizing property rights
within certain limits. passed by the
Soviet Executive Committee on Monday
grants to "all citizens upon the territory
OF Soviet Russia, and also of other
Soviet republics allied and in agreement
with us, who are not restricted by law. y
property rights and the protection of the
courts. The decree. which is entitled
"A decree concerning the right OF private
property, which is acknowledged by the
Soviet republic and defended by the
courts of the republic" permits:
Provision No. 1.-The right of prop
erty in buildings in towns and rural
districts which are not municipalized
by local Soviets up to the date of publi-
cation of this decree, and the right {,
remove such buildings and to transfer
to any buyer leasing the right the land
on which the building stood. (The righ,
to transfer lease does not cover plots
of land in rural districts.)
Provision No. 2-Terms OF agreement
with local authorities managing land
and the right Of buildings thereupon in
towns or rural districts within fixed
period Of the law, not to exceed forty
nine years. with the same periods OF
rights to buildings upon these plots.
Property II Movable.
Provision No. 3-iThe right of private
property on 'movables.' which includes
factories, works and trade and indus
trial concerns which might be In private
possession; all sorts of implements and
means of production. agricultural prod
uce and Industrial produce. goods which
have not been exempted from private
exchange by special laws and money
capital and articles for household OF
personal consumption. (The requisi-
tlonlng of the property indicated in these
paragraphs, with compensation within
one month for property removed or
confscated at the average market price
and also uncompensated reduisitionine
should be allowed only by due process.
OF law)''
Under the heading "Obligatory
Rights the decree grants "the right to
conclude all sorts OF agreements not for
hidden by law, and among them agree
ments for the rent of property. buying.
selling or exchanging rights; loans.
contracts. surety insurance in limited
companies. trusts bills of exchange and
all sorts of banking and credit deals.
which agreements receive legal force and
enjoy the defense of the courts"
Agreements are considered void II
they arr made by persons deprived of
their legal rights: IL they are entered
into with the special aim of opposing
or avoiding the law; II regarding the
transfer Of articles exempted from ex-
change they are concluded without OBJ
serving the forms fixed by law. and
such agreements as obviously are d.
rected to harm the State"
The articles regarding property and
obligatory rights indicated are declared
applicable also to such "juridical persons
who are acknowledged by law as work.
mems and cooperative organizations all
sorts Of companies. registered societies,
State institutions and communities,
within the limits indicated In their
articles of regulations. and
Note No. Foreign limited socie-
ties. companies. &C.. may obtain tho
rights off juridical persons In federation
only upon permission of the persons
OF Commissars or It's organs.
Mote No. 2--Foreign juridical per-
sons who do not have permission to
conduct operations In federation will
have the right of legal protection in
upon pretensions originating
outside Of Russia and referring to claims
upon those In Russia but not otherwise
than on terms OF mutuality."
In conclusion 10 states this decree
Is not retroactive and does not give the
right to previous owners, whose property
has been appropriated on grounds of
law. up 20 the time OF
the issuance Of this decree, to demand
The return OF their property"