Article 121-1. Direct targeted sale of state property to a state-owned Islamic special financial company with the obligation to buy it back under the Law on State Property
1. The objects of state property defined in the decision of the Government of the Republic of Kazakhstan on the issue of state Islamic securities are subject to direct targeted sale to the state Islamic special financial company.
2. The direct targeted sale of state property to the state Islamic special financial company with the obligation to buy it back in accordance with the terms of the issue of state Islamic securities is carried out by the authorized body for state property on the basis of a decision of the Government of the Republic of Kazakhstan on the issue of state Islamic securities.
3. The pledge and foreclosure of property sold to the state Islamic special financial company on the basis of a decision of the Government of the Republic of Kazakhstan, as well as the seizure of such property, are not allowed.
The Law of the Republic of Kazakhstan dated March 1, 2011 No. 413-IV.
This Law defines the legal regime of state property, the legal basis for the management of State property, including property assigned to State-owned legal entities, and state-owned shares and stakes in the authorized capital of legal entities, the legal grounds for the acquisition and termination of rights to state property, and is aimed at ensuring the effective exercise by the State of the rights of the owner and holder of other rights. on state property.
President
Republic of Kazakhstan
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