Article 23. The Founding Agreement of the Law on Non-Profit Organizations

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1. A founding agreement is an agreement between the founders on the establishment of a non-profit organization, which defines the procedure for joint activities to establish it, the conditions for the transfer of its property to its ownership (operational management) and participation in its activities. It also establishes the conditions and procedure for managing the activities of a non-profit organization, and the withdrawal of the founders from its membership, unless otherwise provided for by legislative acts on certain types of non-profit organizations.

Upon the consent of the founders, other conditions may be included in the founding agreement that do not contradict the legislation of the Republic of Kazakhstan.

2. The founding agreement is signed by all the founders or their authorized persons.

3. If a foundation, a private institution, an autonomous educational organization, or an autonomous cluster fund are formed by one person, then the founding agreement is not concluded.

The founding agreement is not concluded during the formation of the National Chamber of Entrepreneurs of the Republic of Kazakhstan and the chambers of entrepreneurs of the region, the city of republican significance and the capital.

The Law of the Republic of Kazakhstan dated January 16, 2001 No. 142.

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