(1)Every citizen shall, subject to laws, have the right to acquire, enjoy own, sell, have professional gains, and otherwise utilize, or dispose of property.
For the purpose of this Article, “property” means all type of movable and immovable property and the word also includes intellectual property.
Provided that, the state may impose tax on property and income of a person according to the norms of progressive tax.
(2)The State shall not, except in the public interest, acquire, requisition, or create any encumbrance on the property of any person.
Provided that, this clause shall not be applicable to property acquired through illegal means.
(3)In the case when the land of a person is acquisitioned by the State according to clause (2), the basis of compensation and the relevant procedure shall be as prescribed by Act.
(4)The provisions of clauses (2) and (3) shall not obstruct the state in carrying out land reforms, management and regulation by law in order to increase the production and productivity of land, modernize the agriculture and make it professional, environment protection and managed housing and urban development.
(5)In case the state has acquired property of any person for public interest pursuant to clause (3), there shall be no hindrance to use such property for any other public interest, other than the public interest for which it has been acquired.