Article 226. The legal regime of property in the reorganization of a peasant or farm into an economic partnership or cooperative of the Civil Code of the Republic of Kazakhstan
1. Members of a peasant or farm may establish an economic partnership or a production cooperative on the basis of the property of the farm. Such a reorganized peasant or farm, as a legal entity, has ownership rights to property transferred to it in the form of deposits and other contributions by members of the peasant or farm, as well as to property obtained as a result of its activities and acquired on other grounds that do not contradict legislation.
2. The amount of contributions of members of a peasant or farm who are members of a partnership or cooperative is established based on their shares in the right of common ownership of the property of a peasant or farm, determined in accordance with the procedure provided for in Article 218 or paragraph 3 of Article 225 of this Code.
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