Article 31. Change in the composition of depositors of the Limited Partnership of the Law on Business Partnerships
1. The transfer by the depositor of his share (part of the share) in the property of the limited partnership to other depositors, general partners or third parties is possible only with the consent of all general partners, unless otherwise provided by the constituent documents of the partnership.
When a share is transferred to other depositors, general partners, or third parties, the entire set of rights and obligations belonging to the depositor who has left the limited partnership is simultaneously transferred.
2. A depositor of a limited partnership has the right to withdraw from it at the end of the financial year by declaring his refusal to participate in the partnership.
Refusal to participate in a limited partnership must be declared by the depositor at least six months before the end of the financial year, unless otherwise provided by the constituent documents of the partnership.
If a depositor withdraws from a limited partnership, the consequences provided for in Article 17 of this Law will occur.
3. The procedure for foreclosure by the creditor (creditors) on the depositor's share in the property of the partnership is determined by Article 20 of this Law.
4. General partners have the right to demand in court the exclusion of one or more depositors by a unanimous decision of all general partners in case of incomplete payment of their property contributions to the authorized fund of the partnership.
The depositor excluded from the limited partnership is paid the amount of the contributions made to the authorized fund of the partnership, unless otherwise provided by the constituent documents of the partnership.
If the depositor has not made a contribution to the charter fund of the limited partnership at all, then upon the expiration of 30 days from the date of expiry of the period established by the constituent documents of the partnership for making contributions, membership in the partnership is terminated, unless otherwise provided by the constituent documents of the partnership.
5. In the event of termination (liquidation or reorganization) of a legal entity - a contributor to a limited partnership, or the death or declaration of a deceased citizen - a contributor to the partnership, succession is carried out in accordance with the procedure provided for by the Civil Code of the Republic of Kazakhstan.
The Law of the Republic of Kazakhstan dated May 2, 1995 No. 2255.
President
Republic of Kazakhstan
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