Article 30. The possibility of alienating the share of a participant in a limited liability partnership to a third party The Law on Limited and Additional Liability Partnerships
1. Alienation by a participant in a limited liability partnership of his share (part of it) to third parties or pledge of a share (part of a share) to secure a participant's obligation to a third party is permitted, unless otherwise provided by the constituent documents.
2. The constituent documents of a limited liability partnership may provide that the sale of a share to a third party is permissible only under certain conditions.
3. The restrictions established by this article do not apply to cases of sale of a share owned by the state or a state-owned legal entity, if such sale is carried out in accordance with the Law of the Republic of Kazakhstan "On State Property" by selling a share at auction.
The Law of the Republic of Kazakhstan dated April 22, 1998 No. 220-1.
President
Republic of Kazakhstan
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