Article 122. Exercising the right of State ownership in relation to the property of State-owned legal entities The Law on State Property

Home / Laws / Article 122. Exercising the right of State ownership in relation to the property of State-owned legal entities The Law on State Property

1. The rights of the subject of the right of republican ownership in relation to the property of republican legal entities are performed on behalf of the Republic of Kazakhstan by the authorized body for state property, the National Bank of the Republic of Kazakhstan or another state body exercising the rights of the subject of the right of republican ownership by decision of the Government of the Republic of Kazakhstan.

2. The management of republican legal entities is carried out by authorized bodies of the relevant branches.

3. In respect of republican legal entities for which the Government of the Republic of Kazakhstan has not designated an authorized body of the relevant branch, as well as upon termination of the authorized body of the relevant branch of the right to manage state legal entities, the functions of the authorized body of the relevant branch are performed by the authorized body for state property.

RCPI's note!

This version of paragraph 4 is valid from 01.01.2018 for cities of district significance, villages, towns, rural districts with a population of more than two thousand people in accordance with the Law of the Republic of Kazakhstan dated 11.07.2017 No. 90-VI (current version until 01.01.2020 for cities of district significance, villages, towns, rural districts with a population of two thousand or less people see the archived version of the Law of the Republic of Kazakhstan “On State Property” dated 03/01/2011 No. 413-IV dated 12/25/2017).

4. The rights of the subject of communal property rights in relation to communal legal entities are exercised by local executive bodies of regions, cities of republican significance, the capital, districts, cities of regional significance or the offices of akims of cities of regional significance, villages, towns, rural districts.

RCPI's note!

This version of paragraph 5 is valid from 01.01.2018 for cities of district significance, villages, towns, rural districts with a population of more than two thousand people in accordance with the Law of the Republic of Kazakhstan dated 11.07.2017 No. 90-VI (current version until 01.01.2020 for cities of district significance, villages, towns, rural districts with a population of two thousand or less people see the archived version of the Law of the Republic of Kazakhstan “On State Property” dated 03/01/2011 No. 413-IV dated 12/25/2017).

5. The body responsible for managing communal legal entities of the relevant administrative-territorial unit is the local executive body or the office of the akim of a city of regional significance, village, settlement, rural district.

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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