Commercial Holdings Divestment Act

The Commercial Holdings Divestment Act is an act Senate of the Lakes, adopted on 16.V.1760, and originally proposed by Juliaĵ u-Malik Óma-ó-Täó.

The act authorized the sale of the Order's shares in two commercial companies, 10% in the bank Anzarolexion and 100% of the wood, pulp and paper industry Lontinska Papir.

Text of the Bill

To provide for the divestment of certain commercial holdings of the Order of the Holy Lakes.

BE IT ENACTED by the Senate of the Lakes as follows—

Divestment

The Order of the Holy Lakes shall divest its entire holdings in:

1. Anzarolexion (Anzarolexion (Smlg)); and
2. Lontinska Papir (Lontinska Papirsamlag)

Sale

1. The Minister of Finance and Economic Affairs shall be responsible for the divestment of Anzarolexion, and the Minister of Natural Resources for the divestment of Lontinska Papir.
2. The responsible Minister shall secure the best reasonably obtainable terms for the Order.

Proceeds

The proceeds of the divestments shall be used for investment in other companies owned by the Order of the Holy Lakes.

Citation

This Act may be cited as the Commercial Holdings Divestment Act.