¥Law of Destatization & Privatization, USSR Supreme Soviet, July 1,
1991
–Provided for conversion or restructuring
of state enterprises in variety of new
property forms
¥Joint-stock companies
¥leased enterprises
¥Cooperatives
¥Redemption of leased property by the
lessees,
¥Outright sales of enterprises by
competitive bid or auction
–Enterprise workers granted preferential
right to acquire shares & determine procedure for privatization
–Privatization committees tasks -catalog,
assign, & register firms into categories of (initially) state property
–Attempted to assess market values for
housing
–