Article 34. Compulsory purchase of a share from a participant in a limited liability partnership The Law on Limited and Additional Liability Partnerships
1. If a participant in a limited liability partnership causes harm to the partnership or its participants, they have the right to demand compensation from the causer.
2. In case of significant harm, the limited liability partnership, in addition to the claim for compensation for damage, has the right to raise the issue of compulsory redemption by the partnership of the share of the guilty participant and his withdrawal from the number of participants in the partnership.
3. Compulsory share buyback is carried out in court.
The compulsory purchase of a share from a participant in a limited liability partnership is carried out at a market value determined by an appraiser who meets the requirements established by the authorized body carrying out state regulation in the field of valuation activities based on international standards.
The Law of the Republic of Kazakhstan dated April 22, 1998 No. 220-1.
President
Republic of Kazakhstan
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