Article 41. Responsibility for violation of the legislation of the Republic of Kazakhstan on equity participation in housing construction The Law on Equity Participation in Housing Construction
1. Violation of the legislation of the Republic of Kazakhstan on equity participation in housing construction entails liability established by the laws of the Republic of Kazakhstan.
2. Persons who attract money from individuals and legal entities for equity participation in housing construction in violation of the requirements established by this Law shall be liable in accordance with the laws of the Republic of Kazakhstan.
The Law of the Republic of Kazakhstan dated April 7, 2016 No. 486-V SAM.
This Law regulates public relations related to the activities of equity participation in the housing construction of multi-family residential buildings by attracting money from individuals and (or) legal entities, and also establishes guarantees for the protection of the rights and legitimate interests of the parties to the agreement on equity participation in housing construction.
President
Republic of Kazakhstan
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