Article 33. The concept of a legal entity in the Civil Code of the Republic of Kazakhstan
1. An organization is recognized as a legal entity that has separate property by right of ownership, economic management or operational management and is responsible for its obligations with this property, may acquire and exercise property and personal non-property rights and obligations on its behalf, and be a plaintiff and defendant in court.
A legal entity must have an independent balance sheet or estimate.
2. A legal entity has a seal with its name. This requirement does not apply to legal entities that are private business entities, except in cases provided for by this Code and the laws of the Republic of Kazakhstan.
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