Act relative to jointly owned forests (No. 109 of 2003).

This Act lays down the provisions concerning the use and administration of jointly owned forests. In addition to this Act, the Forest Act (1093/1996) applies to the management and use of areas considered as forestry land. Other statutes apply as provided separately. In this Act jointly owned forest means an area belonging to several real estates jointly which is intended to be used for sustainable forestry for the benefit of the shareholders.
Real estate owners may establish a jointly owned forest by concluding an agreement. The agreement must contain a proposal for rules of procedure. Provisions on the establishment of a jointly owned forest are laid down in Chapter 10 of the Act on the Formation of Real Estate (554/1995).Chapter 2 concerns the administration of a jointly owned forest. The power of decisions of the partnership created by shareholders under Chapter 1 of this Act is exercised by the partnership’s shareholders meeting, administrative board and the agent as laid down in this Act and in the rules of procedure pursuant to this Act. Tasks and powers of the Administrative board and agent are set out in Chapter 4. The administrative board manages the practical operations of the partnership. The partnership has one or several agents. If the partnership has an agent instead of an administrative board, the relevant provisions concerning the administrative board also apply to the agent.