Article 23. Distribution of profits and losses of a general partnership of the Law on Business Partnerships
1. The profits and losses of a general partnership are distributed among the participants in proportion to the size of their contributions to the authorized fund of the partnership, unless otherwise established by the founding agreement or the agreement of the participants.
2. Agreements that exclude any of the participants in the general partnership from participating in the distribution of profits and covering losses are null and void.
The footnote. Article 23 as amended by the Law of the Republic of Kazakhstan dated 02.27.2017 No. 49-VI (effective ten calendar days after the date of its first official publication).
The Law of the Republic of Kazakhstan dated May 2, 1995 No. 2255.
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