Article 52. Formation of the Housing and Construction Cooperative Law on Housing Relations

Home / RLA / Article 52. Formation of the Housing and Construction Cooperative Law on Housing Relations

1. A housing and construction cooperative is formed for the construction of an apartment building and the subsequent distribution among the members of the housing and construction cooperative of apartments, non-residential premises, parking spaces in accordance with the amount of contributions made or to be paid and is valid until its obligations are fulfilled in accordance with the legislation of the Republic of Kazakhstan.

2. The construction of an apartment building by associations of citizens in a form other than a housing and construction cooperative is not allowed.

3. The formation of a housing and construction cooperative begins with the holding of the constituent assembly of the housing and construction cooperative and ends with the state registration as a legal entity.

4. Citizens may form initiative groups to prepare the holding of the constituent assembly of a housing and construction cooperative and draft documents submitted for its consideration.

5. The Constituent Assembly of the housing and construction cooperative resolves the following issues:

1) decides on the establishment of a housing and construction cooperative, its name and location;

2) defines the subject and objectives of the activity;

3) approves the charter of the housing and construction cooperative and the founding agreement;

4) elects executive, supervisory and other bodies;

5) determines the terms and persons responsible for state registration;

6) resolves other issues related to the establishment of a housing and construction cooperative.

The decision of the constituent assembly of the housing and construction cooperative is formalized by the protocol. The minutes of the constituent assembly of the housing and construction cooperative are signed by the chairman and the secretary.

The Chairman of the constituent assembly of a housing and construction cooperative is elected by a majority vote of its members.

6. A project for the construction of an apartment building through the formation of a housing and construction cooperative may involve several construction projects on the same land plot.

7. Paragraph 1 of this article does not apply to legal relations related to low-rise construction. IZPI's note! Paragraph 7 is provided to be deleted by the Law of the Republic of Kazakhstan dated 30.06.2025 No. 204-VIII (effective sixty calendar days after the date of its first official publication).

The Law of the Republic of Kazakhstan dated April 16, 1997 No. 94.

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Republic of Kazakhstan

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