State Act

3

Section 3

Code of Comunidades of 1961

Act no. 2070 of 19611961In forceGoa (State Act)

Art. 3 – Each comunidade comprises of: a) members by birth –5[joneiros] zonnkars ; b) shareholders; c) members by birth and shareholders and d) participants. § 1. The shares of the annual income belonging to comunidade members by birth (zonnkars) is called the zonn (profit), and that of the shareholders is called the dividend. § 2. In case of dissolution – of the comunidades by means of distribution of its properties or of its values among members by birth (zonnkars) or shareholders, the holders of these properties substitute in all respect such members by birth (zonnkars) or shareholders subject to all the burden lying over the respective comunidades.