Article 107. Preparation of the facility for privatization The Law on State Property
1. The preparation of the object for privatization is carried out by the seller.
2. In the process of preparing an object for privatization, the seller:
1) assesses the value of the privatisation facility in accordance with Article 100-1 of this Law;
2) prepares and provides, at the request of the buyer, information on the encumbrances of privatisation facilities;
3) if there are material assets of the state material reserve at the privatisation facility, the authorized body in the field of the state material reserve and the relevant central executive bodies shall be notified within five working days after the decision to carry out these procedures is made.;
4) determines the conditions, forms and types of privatization, carries out preparations for its implementation;
5) ensures the safety of property;
6) conducts other activities necessary for the implementation of privatization.
3. Officials of state-owned legal entities, as well as legal entities whose shares and state participation in the authorized capitals are the object of sale, are obliged, at the request of the seller, to provide the information necessary to prepare the object for sale within the time limits determined by him.
The officials of the legal entities listed in this paragraph are responsible for the accuracy of the information provided, as well as for the safety of the privatisation object before the transfer of ownership rights to the buyer.
The Law of the Republic of Kazakhstan dated March 1, 2011 No. 413-IV.
This Law defines the legal regime of state property, the legal basis for the management of State property, including property assigned to State-owned legal entities, and state-owned shares and stakes in the authorized capital of legal entities, the legal grounds for the acquisition and termination of rights to state property, and is aimed at ensuring the effective exercise by the State of the rights of the owner and holder of other rights. on state property.
President
Republic of Kazakhstan
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