Article 16. Legal status of a mutual investment fund Chapter 3. Mutual Investment Fund of the Law on Investment and Venture Funds

Home / RLA / Article 16. Legal status of a mutual investment fund Chapter 3. Mutual Investment Fund of the Law on Investment and Venture Funds

1. A mutual investment fund is not a legal entity.

A mutual investment fund is created for an unlimited period, unless otherwise provided by the fund's rules.

2. The share in ownership of the assets of a mutual investment fund is certified by a share issued by the management company.

The division of the assets of a mutual investment fund between the holders of its units and the allocation of shares in kind from them are not allowed, except in the case established by this Law.

3. The minimum amount of assets of a mutual investment fund is determined by the rules of the mutual investment fund.

The Law of the Republic of Kazakhstan dated July 7, 2004 No. 576.

This Law defines the legal status, specifics of the creation, operation, reorganization and liquidation of a joint-stock investment fund, the conditions and procedure for the creation, operation and termination of a mutual investment fund, the specifics of the legal status and activities of venture funds in the Republic of Kazakhstan, regulates relations related to the activities of professional securities market participants to ensure the functioning of investment funds, and It also defines the procedure for state regulation of investment funds.

President

Republic of Kazakhstan

Constitution Law Code Standard Decree Order Decision Resolution Lawyer Almaty Lawyer Legal service Legal advice Civil Criminal Administrative cases Disputes Defense Arbitration Law Company Kazakhstan Law Firm Court Cases