Article 61. Property that cannot be foreclosed on The Law on Enforcement Proceedings and the Status of Bailiffs

Home / RLA / Article 61. Property that cannot be foreclosed on The Law on Enforcement Proceedings and the Status of Bailiffs

Foreclosure under enforcement documents may not be levied on the following types of property belonging to the debtor by right of ownership or being his share in common ownership, necessary for the debtor and persons dependent on him:

1. Household items, utensils:

1) clothing, shoes, linens, bedding, kitchen and dining utensils that were in use, with the exception of fur and other valuable clothing (if there is other clothing that can replace it to ensure a living wage), dining sets, objects made of precious metals, as well as having artistic value;

2) furniture that is minimally necessary for the debtor and his family members (one bed and chair for each person, one table, one wardrobe and one chest per family);

3) All baby supplies.

2. Food in the amount necessary for the debtor and his family before the new harvest, farm buildings and livestock in the amount necessary to meet the needs of the debtor and his family, as well as livestock feed if the debtor's main occupation is agriculture, and in other cases - food and money for a total amount of no more than the minimum subsistence level established for the relevant fiscal year by the law on the republican budget.

3. Fuel intended for cooking and heating the family's living quarters.

4. Inventory (including manuals and books) necessary for the continuation of the debtor's professional activities, except in cases when the debtor is deprived of the right to engage in certain activities by a court verdict or when the inventory was used by him to commit a crime.

5. Vehicles specially designed for the movement of persons with disabilities, technical auxiliary (compensatory) means and special means of transportation for persons with disabilities.

6. International, state and other prizes awarded to the debtor.

7. Property that is contributions to the guarantee or reserve funds of a clearing organization (central counterparty), margin contributions, full and (or) partial security for the fulfillment of obligations under transactions concluded in the trading system of the stock exchange by open trading and (or) with the participation of the central counterparty.

Foreclosure on property that is the subject of repo transactions concluded in the trading systems of the organizers of trades using the open bidding method and (or) with the participation of a central counterparty may be applied only after the closure of these repo transactions.

The Law of the Republic of Kazakhstan dated April 2, 2010 No. 261-IV.

President

Republic of Kazakhstan

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