Corruption in State Enterprise Especially Corporation: A Study of the Meaning of State Property Separated from the State Finance

Abstract

This article seek to discuss the concept of the state’s properties which are included in the state enterprises (BUMN), especially those which are in the form limited liability companies  (Persero). From legal perspective, state’s properties which are placed  in a limited liability companies  are separated properties. The inclusion of such properties in a limited liability company brings about a legal consequence, namely, such properties are then legally belong to the company instead of the state. A limited liability company is an independent entity, and hence, physically, the said state’s properties are then deemed as the share. It suffices to conclude therefore, that the state can not in any way in possession of the company as a whole, but rather merely on the limited amount of share.

Keywords: State Enterprise, Limited Liability Company,  separated state’s properties.