Article 176. Transfer of state-owned shares of joint-stock companies or shares in the authorized capital of limited liability partnerships to trust management The Law on State Property
1. The transfer of state-owned shares of joint-stock companies or shares in the authorized capital of limited liability companies to the trust management of individuals and non-governmental legal entities is carried out by the authorized body for state property, if the subject of the transfer are shares of joint-stock companies or shares in the authorized capital of limited liability companies related to republican property.
2. The transfer of shares of joint-stock companies or shares in the authorized capital of limited liability partnerships related to communal property to trust management is carried out by a local executive body.
3. The transfer of shares of joint-stock companies owned by the state or shares of participation in the authorized capital of limited liability partnerships to individuals or non-governmental legal entities for trust management with the right to their subsequent redemption is carried out in accordance with the procedure established by Chapter 10 of this Law. - Excluded by the Law of the Republic of Kazakhstan dated June 24, 2025 No. 196-VIII SAM
4. The amount of remuneration, as well as the term of the trust management, are determined by the agreement on the transfer of shares of joint-stock companies and shares in the authorized capital of limited liability companies to the trust management.
It is not allowed to transfer shares of joint-stock companies and participation shares in the authorized capital of limited liability partnerships to trust management with the renunciation by the state of its right to dividends.
5. The rights of the State related to the resolution of the following issues cannot be transferred to the Trustee:
1) on the amendment of the articles of association of a joint-stock company and a limited liability company;
2) on changing (increasing or decreasing) the size of the authorized capital of a joint-stock company and a limited liability partnership;
3) on the liquidation of a joint-stock company or limited liability partnership, their reorganization, as well as on the change of their name.
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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