Article 6. The authorized capital of a business partnership of the Law on Business Partnerships
1. The aggregate of the contributions of the participants forms the authorized fund of the business partnership.
2. A contribution to the authorized capital of a business partnership may be money, securities, things, property rights, including the right to land use and the right to the results of intellectual activity and other property.
Contributions in the form of personal non-property rights and other intangible benefits are not allowed.
3. In cases where the right to use property is transferred to the partnership as a contribution, the amount of this contribution is determined by the use fee calculated for the entire period specified in the constituent documents.
The risk of accidental loss or damage to property transferred to the partnership is borne by the participant who transferred this property, unless otherwise provided by the constituent documents.
4. Contributions of the founders (participants) to the authorized capital in kind or in the form of property rights are assessed in monetary form by agreement of all the founders or by decision of the general meeting of the participants of the partnership. If the value of such a contribution exceeds the amount equivalent to twenty thousand monthly calculation index, its assessment must be confirmed by the appraiser.
5. Reduction of the authorized capital of a business partnership is allowed only after personal written notification of all creditors. In this case, creditors have the right to demand early termination or fulfillment of the relevant obligations and compensation for losses.
6. Reduction of the authorized capital below the minimum amount established by this Law and other legislative acts for certain types of business partnerships is not allowed.
A reduction in the authorized capital in violation of the procedure established by paragraphs 5 and 6 of this article is the basis for the liquidation of a business partnership by a court decision at the request of interested persons.
7. The procedure and deadlines for making contributions to the authorized capital, as well as responsibility for non-fulfillment of obligations to form the authorized capital, are established by legislative acts and (or) constituent documents.
The Law of the Republic of Kazakhstan dated May 2, 1995 No. 2255.
President
Republic of Kazakhstan
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