Article 58. The main provisions on the business partnership of the Civil Code of the Republic of Kazakhstan

     1. A business partnership is a commercial organization with the authorized capital divided into shares (contributions) of the founders (participants). The property created at the expense of the contributions of the founders (participants), as well as produced and acquired by the business partnership in the course of its activities, belongs to the partnership by right of ownership.

     2. Business partnerships may be established in the form of a general partnership, a limited partnership, a limited liability partnership, or a partnership with additional liability.

     3. An economic partnership, except for a full and limited partnership, may be established by one person who becomes its sole participant.

     Only citizens may participate in a general partnership and become general partners in a limited partnership.

     4. The founding documents of a business partnership are the founding agreement and the charter.

     The founding document of a business partnership, which is established by one person (one participant), is the charter.

     5. Excluded by the Law of the Republic of Kazakhstan dated December 24, 2012 No. 60-V (effective after ten calendar days after its first official publication).

     6. The constituent documents of a business partnership must contain, in addition to the information specified in paragraphs 4 and 5 of Article 41 of this Code, conditions on the amount of shares of each participant; on the amount, composition, timing and procedure for making contributions to the authorized capital of the partnership; on the responsibility of participants for violating obligations to make contributions to the authorized capital of the partnership, as well as other information provided by legislative acts.

     7. Excluded by the Law of the Republic of Kazakhstan dated 03/02/1998 No. 211.

     8. An economic partnership may be the founder of other economic partnerships, except in cases provided for by legislative acts.

     9. Excluded by the Law of the Republic of Kazakhstan dated 07/02/2018 No. 166-VI (effective ten calendar days after the date of its first official publication).      

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