Article 66. Limitation period under the bank loan agreement of the Law on Banks and Banking Activities in the Republic Kazakhstan

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The limitation period for claims of banks, branches of non–resident banks of the Republic of Kazakhstan, subsidiaries of stress asset management organizations and organizations engaged in certain types of banking operations against borrowers for non-fulfillment and (or) improper fulfillment of obligations under a bank loan agreement is five years.

The Law of the Republic of Kazakhstan dated January 16, 2026 No. 258-VIII SAM.

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The Law of the Republic of Kazakhstan dated August 31, 1995 No. 2444. On banks and banking activities, with the introduction of the Law of the Republic of Kazakhstan dated January 16, 2026 No. 258-VIII, the SAM has lost its legal force.

Article 66. Control over the activities of the Interim Bank Management Administration (Interim Bank Manager) of the Law on Banks and Banking Activities in the Republic of Kazakhstan

1. During the period of the bank's conservation, the activities of the interim administration (interim governor of the bank) are monitored by an authorized body, which has the right to:

a) to make recommendations to the interim administration (interim governor of the bank) on the main directions of activities during the conservation of the bank (to propose a plan of main activities);

b) give written instructions that are binding on the interim administration (the interim governor of the bank).;

c) require the interim administration (interim governor of the bank) to provide any information about its (his) activities and the bank's activities;

d) to hear the report of the interim administration (interim governor of the bank) on the work done;

e) extend the conservation period;

f) to make a decision on the completion of the conservation of the bank.

2. The detailed regulation of the activities of the interim administration (interim governor of the bank) and the principles of its (his) relationship with third parties are determined by the regulatory legal acts of the authorized body.

The Law of the Republic of Kazakhstan dated August 31, 1995 No. 2444.

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