Article 27. Rights and obligations of depositors of the Limited Partnership of the Law on Business Partnerships

     1. Depositors of a limited partnership have the right to:  

     1) receive a portion of the partnership's profits in proportion to their share in the property and the authorized capital in accordance with the procedure provided for in the constituent documents;  

      2) to get acquainted with the annual reports and balance sheets of the partnership, as well as to require the possibility of verifying the correctness of their compilation;  

      3) transfer its share in the property or part of it to another contributor or a third party in accordance with the procedure provided for by this Law and the constituent documents of the partnership.;  

      4) withdraw from the partnership in accordance with the procedure provided for in paragraph 2 of Article 31 of this Law and the constituent documents of the partnership.;  

      5) receive information about the activities of the partnership;  

      6) to challenge in court the decisions of the partnership's bodies that violate their rights provided for by this Law and (or) the charter of the partnership.  

     2. The investors of a limited partnership may have other rights provided for by this Law, other legislative acts and the constituent documents of the partnership.  

     3. The waiver or limitation of the rights provided for by this Law and other legislative acts for depositors of a limited partnership, including by agreement of depositors and general partners, is null and void.  

     4. The depositors of the limited partnership are obliged to:  

     1) comply with the terms of the founding documents of the partnership;  

      2) make contributions in the manner, manner and amount stipulated by the founding documents of the partnership;  

      3) in the cases specified in the constituent documents of the partnership, assist the partnership in carrying out its activities, including providing services to the partnership;  

      4) notify the executive body of the partnership in writing about a change in the place of residence and the details of the identity document for individuals, or the name and location for legal entities.  

     5. If a depositor commits a transaction in the interests of a limited partnership without proper authority, then if the partnership approves his actions, he is fully responsible for the transaction to creditors. If the approval is not received, the depositor is responsible to a third party independently with all his property, which may be foreclosed on by law.  

     6. The depositors of a limited partnership may also bear other duties stipulated by this Law, other legislative acts and the constituent documents of the partnership.  

     7. Agreements of general partners and depositors obliging depositors of a limited partnership to perform actions that are not included in their duties provided for by this Law, other legislative acts and constituent documents are null and void.  

     8. If a depositor of a limited partnership fails to fulfill his duties provided for by this Law, other legislative acts and constituent documents, which caused harm to the partnership or its participants, the general partners have the right to demand compensation from such a depositor, and in case of significant harm, his exclusion from the partnership in court.  

The Law of the Republic of Kazakhstan dated May 2, 1995 No. 2255.

President    

Republic of Kazakhstan     

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