4.

A Means By Any Other End

                                                                 (1) Privatization under this Act shall
                                                                 mean the sale of shares, physical
                                                                 assets or rights, or the free transfer of
                                                                 shares to natural and legal persons
                                                                 regulated by this Act.

Now the whole world had one language
and a common speech. As men moved
eastward, they found a plain in Shinar
and settled there.

                                                                 (2) The shares which the Republic’s
                                                                 Privatization Fund (hereafter the Fund)
                                                                 has acquired on the basis of the Law on
                                                                 the Transformation of Socially-Owned
                                                                 Enterprises, the physical assets and the
                                                                 rights which the Fund has acquired on
                                                                 the basis of special regulations, and the
                                                                 shares or physical assets and rights of
                                                                 Legal persons owned by the Republic
                                                                 shall be sold or freely transferred under
                                                                 the conditions established by this Act.

They said to each other, "Come, let's
make bricks and bake them thoroughly."
They used brick instead of stone, and
tar for mortar. Then they said, "Come,
let us build ourselves a city, with a tower
that reaches to the heavens, so that we
may make a name for ourselves and
not be scattered over the face of the whole earth."

                                                                 (3) The provisions of Section III of this
                                                                 Act shall be accordingly implemented to
                                                                 the privatization of shares, as well as
                                                                 the physical assets and rights of legal
                                                                 persons owned by municipalities, cities,
                                                                 and counties. The decision on
                                                                 privatization shall be passed by the
                                                                 competent authorities.

But the LORD came down to see the
city and the tower that the men were
building. The LORD said, "If as one
people speaking the same language
they have begun to do this, then nothing
they plan to do will be impossible for
them. Come, let us go down and
confuse their language so they will not
understand each other."

                                                                 (4) The Government may decide that
                                                                 the value of apartments under the
                                                                 ownership
                                                                 of state-owned legal persons shall not
                                                                 be included in the value of their capital.

So the LORD scattered them from there
over all the earth, and they stopped
building the city. That is why it was
called Babel—because there the LORD
confused the language of the whole
world. From there the LORD scattered
them over the face of the whole earth.

                                                                 (5) The buyer of shares without a
                                                                 discount and on installment payments
                                                                 shall have the right to vote on the basis
                                                                 of all subscribed shares, and the right to
                                                                 a share of the profits of the company on
                                                                 the basis of the paid shares.

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