Mismanaged Property

The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

Mismanaged Property

 

in civil law, property that the owner does not take care of, as a result of which it falls into ruin. In a number of cases Soviet civil law provides for the removal of mismanaged property from the citizen who is a negligent owner (Civil Code of the RSFSR, arts. 141, 142). As a rule, the property that is seized has significant artistic, economic, historical, or other value—for example, works of art, houses, historical documents, and the like. The value of the seized property is repaid in the amount set by agreement or, in the event of a disagreement, by a judge.

The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.