Busyra Azheri, Almaududi
This study aims to determine and analyze the ownership arrangements of 51% shares in BUMD Persero by 1 (one) region and the implications of ownership of BUMD (Persero) shares by several regions jointly. In the end, the results of this study can provide policy advice to the government regarding the obligation to share ownership of BUMD Persero and can be a consideration before BUMD Persero adjusts its share ownership with Law 23/2014 or PP 54/2017. The research will be carried out using a juridical-normative design, in which research is carried out on legal norms related to BUMD Persero.