Article 3. Additional Liability Partnership Law on Limited and Additional Liability Partnerships

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1. A partnership with additional liability is recognized as a partnership whose participants are responsible for its obligations with their contributions to the authorized capital, and if these amounts are insufficient, with additional property belonging to them in the amount of a multiple of their contributions.

2. The maximum amount of responsibility of the participants is stipulated in the charter.

3. In case of bankruptcy of one of the participants, his liability for the obligations of the partnership with additional liability is distributed among the other participants in proportion to their contributions, unless a different procedure for the distribution of liability is provided for in the constituent documents.

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

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