Article 15. The procedure for concluding a constituent agreement and its form is the Law on Limited and Additional Liability Partnerships

Home / RLA / Article 15. The procedure for concluding a constituent agreement and its form is the Law on Limited and Additional Liability Partnerships

1. The founding agreement of a limited liability partnership is concluded by signing the agreement by each founder or his authorized representative.

2. The founding agreement of a limited liability partnership is concluded in writing.

3. The agreement is signed by all the founders of the partnership.

Representatives of the founders must have the appropriate authority to establish a partnership and sign a founding agreement.

Legal entities included in the list of founders may be represented by their managers who are authorized to act on behalf of the relevant legal entity without a power of attorney.

4. Refusal to sign the contract means refusal to join the partnership. Persons who have not signed the agreement cannot be included in the list of its founders.

It is not allowed to sign a contract with reservations. The specifics of the status of individual members of the partnership should be recorded in the text of the agreement signed by all the founders.

5. The founding agreement is subject to notarization, with the exception of the founding agreement of a limited liability partnership that is a small or medium-sized business entity.

6. Excluded by the Law of the Republic of Kazakhstan dated January 21, 2019 No. 217-VI (effective ten calendar days after the date of its first official publication).

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

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