Law No. 1740 on the development and protection of coral formations, aquaculture and fish breeding areas.

This law sets forth measures for the protection of corals alongside with measures for the development and exploitation of them. Collection, processing and vending of corals coming from the Greek territorial waters is permitted only after obtaining a special licence which expires after three years for the date of issuing and after paying a fee of three hundred drachmas annually. In general, all matters concerning the protection and exploitation of corals are subject to Orders issued by the Ministers of Agriculture and Commerce.
The law also amends extensively the Fisheries Code as regards provisions concerning aquaculture and sets forth provisions regarding the fishery sector.