Article 39. Additional contributions to the property of a Limited liability Company Law on Limited and Additional Liability Companies  

     1. Unless otherwise provided by the charter of a limited liability company, the general meeting of participants may decide to make additional contributions to the property of the company by the participants. The decision is made by a three-quarters majority vote of all members of the partnership. Participants who did not vote for such a decision (including those who were absent from the meeting, did not participate in the voting, or abstained) have the right to demand that their shares be repurchased by participants who voted for additional contributions. The participants who voted for additional contributions shall redeem these shares in proportion to their shares in the authorized capital of the partnership at a price determined in accordance with the rules of this Law.  

     Additional contributions are made only upon completion of settlements with the participants who have requested the purchase of their shares.  

      2. The procedure and time limits for making additional contributions by participants to the property of a limited liability partnership, as well as liability for late payment, shall be determined in accordance with the rules of Article 24 of this Law.  

      3. Additional contributions of participants to the property of a limited liability partnership do not change the size of its authorized capital and the shares of the participants in the partnership.  

The Law of the Republic of Kazakhstan dated April 22, 1998 No. 220-1.

President    

Republic of Kazakhstan     

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