Article 1. Relations regulated by this Law Chapter I. GENERAL PROVISIONS Law on Limited and Additional Liability Partnerships

Home / RLA / Article 1. Relations regulated by this Law Chapter I. GENERAL PROVISIONS Law on Limited and Additional Liability Partnerships

1. This Law defines, in accordance with the Civil Code of the Republic of Kazakhstan, the legal status of limited and additional liability partnerships, the rights and obligations of their participants, the procedure for the establishment, operation, reorganization and liquidation of partnerships.

2. The specifics of limited and additional liability partnerships established with foreign participation may be determined by legislative acts on foreign investments.

The specifics of limited and additional liability partnerships that carry out certain types of banking operations or are professional participants in the insurance market may be determined by legislative acts of the Republic of Kazakhstan.

2-1. The state's participation in limited liability partnerships and the specifics of their management are determined by the Law of the Republic of Kazakhstan "On State Property".

3. The rules of this Law shall apply to a partnership with additional liability, unless otherwise provided for in Article 3 of this Law.

The Law of the Republic of Kazakhstan dated April 22, 1998 No. 220-1.

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