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Economic Order

Section III Economic Order

Article 69

The freedom to work and engage in economic activities shall be guaranteed.
Property shall be inviolable.
No one may be deprived of his property, nor may it be restricted, except when so required by the public interest, as determined by law, subject to fair compensation which may not be below its market value.

Article 70

An alien may acquire property rights and the right to engage in business on terms of reciprocity, in accordance with federal statute.
An alien or stateless person may not acquire ownership of immovable property of cultural significance.
A stateless person may not acquire property rights to land, and an alien may acquire property rights to land on terms of reciprocity, in conformity with the law.

Article 71
An enterprise and other artificial person may engage in activities and invest capital abroad under the conditions laid down by federal statute.

Article 72
Ownership of real estate shall be enjoyed depending on the nature and purpose of the real estate in question, in accordance with federal statute.

Article 73

Natural resources shall be owned by the state.
Agricultural land may be privately owned or subject to other types of property rights.
Forests and timberland may be privately owned or subject to other types of property rights, within the limits prescribed by law.
Some property in the public domain and municipal building sites may be in private and other forms of ownership, in accordance with the law.
Real estate and other property utilized by federal organs and organizations, the organs and organizations of member republics and local authorities and organizations performing public services shall be state owned, and the status and rights of these organs and organizations as regards the disposition of these assets and their utilization shall be regulated by statute.

Article 74

Enterprises and other manufacturing and service organizations shall be founded, organized and merged freely and autonomously, in conformity with federal statute.
Economic agents shall be independent and equal, and the terms of business shall be the same for all.
Any act or activity creating or encouraging a monopoly or restricting, free trade in any other way shall be unconstitutional.

Article 75
In time of war, an imminent threat of war, or any other emergency, the law may introduce restrictions on the disposition of a portion of the assets owned by artificial and natural persons, for the duration of the state of emergency, or it may impose a special regime for their utilization.

Article 76

Funds for the financing of the activities falling within the jurisdiction of the Federal Republic of Yugoslavia shall be apportioned from the federal budget.
Revenues for the federal budget shall be raised from customs duties, a portion of sales tax revenues, and other sources, in accordance with federal statute.

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