Article 5 PERUM shall be domiciled in the territory of the Republic of Indonesia which
shall be stipulated in the Articles of Association. Article 6
PERUM shall be established for a period of time stipulated in the Articles of Association.
CHAPTER II ESTABLISHMENT AND ARTICLES OF ASSOCIATION
First Part Establishment
Article 7 PERUM shall be established by virtue of a Government Regulation
Article 8
The Government Regulation indicated in Article 7, shall at least contain : a.
stipulation of PERUM’s establishment; b.
stipulation of the value of the State assets which are separated for participation in PERUM’s capital;
c. PERUM’s Articles of Association;
d. Appointment of the Finance Minister as representative of the government and
delegation of authority by the Finance Minister to the Minister in implementating the daily development of PERUM as intended in Article 3,
paragraph 2.
Article 9 1
Every amendment to the participation of the State capital as meant in article 8 shall be stipulated in a Government Regulation;
2 The amendment of the State capital as indicated in paragraph 1 covers
addition and deduction of the participation of the State capital.
Second Part Articles of Association
Article 10
The Articles of Association contains at least : a.
name and domicile of PERUM b.
purpose and objectives and line of business of PERUM; c.
life time of PERUM; d.
structure and number of Board of Directors, of Supervisory Board; e.
stipulation of procedures for holding meetings of board of Directors, of Supervisory board of Board of Directors andor Supervisory Board with the
Finance Minister and the Minister.
Article 11 1
Amendment to Articles of Association shall be stipulated in a Government Regulation.
2 The amendment to Articles of Association as meant in paragraph 1 comes
into effect as form the date of stipulation of Government Regulation on Amendment to PERUM’s Articles of Association.
Article 12 1
The issuing of obligations in the context of recruiting public funds by PERUM shall be stipulated in a Government Regulation.
2 PERUM shall inform of its plan for issuing obligations as meant in paragraph
1 to certain creditors.
Article 13 1
The deduction of participation of the State capital by PERUM which recruits public funds as meant in Article 12, paragraph 1, shall be notified to the
creditors before it is stipulated in a Government Regulation in conformity with the provisions of Article 9.
2 The deduction of capital participation as intended in paragraph 1 shall not
inflict third party’s interests.
CHAPTER III USING PROFITS
