Ley 97 de 1993 | Ley 97 de 1993 — Colombia law | Esheria

Ley 97 de 1993

This preamble says Law 97 of 1993 is enacted to authoritatively interpret Law 20 of 1969 and set out other provisions.

Jurisdiction
Colombia
Instrument
Act or statute
Citation
Ley 97 de 1993
Version
Undated source snapshot
Language
es
Updated
Official source
View official record ↗
descubrimiento de yacimientos exploración petrolera hydrocarbons judicial precautionary measures payment seizure property recognition resource exploration and exploitation

Statute overview

About this statute

This preamble says Law 97 of 1993 is enacted to authoritatively interpret Law 20 of 1969 and set out other provisions. This article defines when certain third-party property rights over hydrocarbons are recognized for an exception under Law 20 of 1969. This provision defines when a hydrocarbon deposit is considered discovered. This article says that Articles 1 and 2 of this law are the only authorized interpretation of Law 20 of 1969, Articles 1 and 13. The judge may order preventive seizure measures in the case, and the public entity responsible for the payments must hold the funds as sequestrator and invest them in market-listed securities while the case is decided.

LexChat organizes source-backed legal information for research. Verify amendments, commencement, and current legal force with the official publisher before relying on it.