CIVIL CODE OF THE REPUBLIC OF ARMENIA DIVISION 1.GENERAL PROVISIONS............................................................................................................. 6 Chapter 1. Civil Legislation and Other Legal Acts Containing Norms of Civil Law..................................... 6 Chapter 2. The Origin of Civil Law Rights and Duties. Exercising Civil Law Rights .................................. 7 Chapter 3. Protection of Civil Law Rights..................................................................................................... 8 DIVISION 2. PERSONS (SUBJECTS OF CIVIL LAW RIGHTS) .............................................................. 10 Chapter 4. Citizens....................................................................................................................................... 10 Chapter 5. Legal Persons............................................................................................................................. 16 § 1. Basic Provisions.................................................................................................................................................. 16 § 2. Commercial Organizations.................................................................................................................................. 20 §3. Cooperatives ........................................................................................................................................................ 30 §4. Noncommercial Organizations............................................................................................................................. 32 Chapter 6. Participation of the Republic of Armenia and Communes in Relations Regulated by Civil Legislation and Other Legal Acts ................................................................................................................. 34 DIVISION 3. OBJECTS OF CIVIL LAW RIGHTS ...................................................................................... 35 Chapter 7. General Provisions .................................................................................................................... 35 Chapter 8. Commercial Paper and Securities.............................................................................................. 36 §2. Types of Commercial Paper and Securities........................................................................................................... 38 Chapter 9. Nonmaterial Values.................................................................................................................... 38 DIVISION 4. THE RIGHT OF OWNERSHIP AND OTHER PROPERTY RIGHTS ............................... 40 Chapter 10. General Provisions .................................................................................................................. 40 Chapter 11. Acquisition of the Right of Ownership ..................................................................................... 41 Chapter 12. Common Ownership................................................................................................................. 44 Chapter 13. Right of Ownership and Other Property Rights in Land.......................................................... 47 Chapter 14. Right of Ownership and Other Property Rights in Housing Premises..................................... 50 Chapter 15. Right of Pledge......................................................................................................................... 50 §1. General Provisions on Pledge .............................................................................................................................. 50 § 2. Mortgage............................................................................................................................................................. 55 Chapter 16. Protection of the Right of Ownership and Other Property Rights ............................................ 58 Chapter 17. Termination of the Right of Ownership and Other Property Rights ........................................ 58 DIVISION 5. TRANSACTIONS. REPRESENTATION. TIME PERIODS. LIMITATION OF ACTIONS .............................................................................................................................................................................. 61 Chapter 18. Transactions............................................................................................................................. 61 § 1.Definition, Types, and Form of Transactions........................................................................................................ 61 § 2. Invalidity of Transactions.................................................................................................................................... 63 Chapter 19. Representation ......................................................................................................................... 65 Chapter 20. Time Periods ............................................................................................................................ 67 Chapter 21. Limitation of Actions................................................................................................................ 68 DIVISION 6. GENERAL PROVISIONS ON OBLIGATIONS..................................................................... 70 Chapter 22. Definition of and Parties to an Obligation .............................................................................. 70 Chapter 23. Performance of Obligations..................................................................................................... 70 Chapter 24. Security for Performance of Obligations ................................................................................. 73 § 1. General Provisions.............................................................................................................................................. 73 § 2. Penalty ................................................................................................................................................................ 73 § 3. Retention............................................................................................................................................................. 74 § 4. Surety.................................................................................................................................................................. 74 § 5. Guaranty.............................................................................................................................................................. 75 § 6. Earnest Money .................................................................................................................................................... 76 Chapter 25. Changing Persons in an Obligation......................................................................................... 77 § 1. Transfer of the Rights of a Creditor to Another Person ...................................................................................... 77 § 2. Transfer of a Debt ............................................................................................................................................... 78 Chapter 26. Liability for Violation of Obligations....................................................................................... 78 Chapter 27. Termination of Obligations...................................................................................................... 80 3 DIVISION 7. OBLIGATIONS ARISING FROM CONTRACTS................................................................. 83 SUBDIVISION 1. GENERAL PROVISIONS ON CONTRACT .................................................................... 83 Chapter 28. Definition and Terms of a Contract ......................................................................................... 83 Chapter 29. Conclusion of a Contract ......................................................................................................... 85 Chapter 30. Change and Rescission of a Contract ...................................................................................... 88 SUBDIVISION 2. CONTRACTS OF ALIENATION OF PROPERTY ........................................................... 89 Chapter 31. Purchase and Sale..................................................................................................................... 89 § 1. General Provisions on Purchase and Sale ............................................................................................................ 89 § 2. Retail Purchase and Sale...................................................................................................................................... 97 § 3. Supply of Goods .................................................................................................................................................. 99 § 4. Supply of Goods for State Needs ....................................................................................................................... 103 § 5. Energy Supply.................................................................................................................................................... 105 § 6. Purchase and Sale of Immovable Property......................................................................................................... 107 Chapter 32. Rent ........................................................................................................................................