§ Article 60(untitled)

Right of Ownership

1. Everyone shall have the right to possess, use and dispose of legally acquired

property at his or her discretion.

2. The right to inherit shall be guaranteed.

3. The right of ownership may be restricted only by law, for the purpose of

protecting public interests or the basic rights and freedoms of others.

4. No one may be deprived of ownership except through judicial procedure, in the

cases prescribed by law.

5. Alienation of property with a view to ensuring overriding public interests shall be

carried out in exceptional cases and under the procedure prescribed by law, only with

prior and equivalent compensation.

6. Foreign citizens and stateless persons shall not enjoy the right of ownership over

land, except for the cases prescribed by law.

7. Intellectual property shall be protected by law.

8. Everyone shall be obliged to pay taxes and duties prescribed in accordance with

law and make other mandatory payments to the state or community budget.

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Article 61. Right to Judicial Protection and the Right to Apply to
 International Bodies for the Protection of Human Rights

1. Everyone shall have the right to effective judicial protection of his or her rights

and freedoms.

2. Everyone shall, in accordance with the international treaties of the Republic of

Armenia, have the right to apply to international bodies for the protection of human

rights and freedoms with regard to the protection of his or her rights and freedoms.