Article 21. The consequences of recognizing a participant in a full partnership as missing, incapacitated, or with limited legal capacity under the Law on Business Partnerships
1. If, upon recognition of a participant in a general partnership as legally incompetent or missing, the partnership remains (Article 15 of this Law), the guardian of this participant or his property may participate in the activities of the partnership only with the consent of all other participants in the partnership.
The same consent of all participants of the partnership is required for participation in the activities of the partnership of a participant recognized as having limited legal capacity.
2. If the guardian of a participant recognized as missing or incapacitated refuses to participate in the activities of a general partnership on behalf of this participant or the partnership itself refuses to participate in its activities, the guardian, as the legal representative of this participant, shall be paid the value of a part of the partnership's property belonging to the participant represented by him, in accordance with the procedure established by Article 17 of this Law.
A participant recognized as having limited legal capacity, in the event that the partnership or the trustee of this participant refuses to participate in the activities of the partnership, the value of a part of the partnership's property is paid to this participant in the same manner.
The Law of the Republic of Kazakhstan dated May 2, 1995 No. 2255.
President
Republic of Kazakhstan
© 2012. RSE na PHB "Institute of Legislation and Legal Information of the Republic of Kazakhstan" of the Ministry of Justice of the Republic of Kazakhstan
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