Article 40. Distribution of the net income of a limited liability partnership among its participants The Law on Limited and Additional Liability Partnerships
1. The distribution among the participants of a limited liability partnership of the net income received by the partnership based on the results of its activities for a quarter, six months or a year may be made in accordance with the decision of the next general meeting of the participants of the partnership devoted to the approval of the results of the partnership's activities for a quarter, six months or a year.
The General Meeting may also decide to exclude net income or part of it from distribution among the participants of the partnership.
2. If the general meeting of a limited liability partnership decides to distribute income among the participants, each participant has the right to receive a portion of the distributed income corresponding to his share in the authorized capital of the partnership. The payment must be made by the partnership in cash within one month from the date of the general meeting's decision on the distribution of net income.
3. A limited liability company does not have the right to distribute income among the participants until the full payment of the entire authorized capital of the company.
The Law of the Republic of Kazakhstan dated April 22, 1998 No. 220-1.
President
Republic of Kazakhstan
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