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Article 66. Transfer of a share (part of a share) of a participant in a full partnership of the Civil Code of the Republic of Kazakhstan
1. The transfer of a participant's share (part of a share) to other participants in a general partnership or to third parties is possible only with the consent of all other participants.
2. When a share (part of a share) is transferred to a third party, the entire set of rights and obligations belonging to the participant who left the general partnership are simultaneously transferred.
3. In the event of the death of a participant in a full partnership, the legal successor (heir) may, with the consent of all other participants, join the partnership.
4. The legal successor (heir) is responsible for the debts of the participant to the general partnership, as well as for the debts of the partnership to third parties that have arisen during the entire period of the partnership's activity.
5. If the legal successor (heir) refuses to join the general partnership or the partnership refuses to accept the legal successor (heir), the value of the share in the property of the partnership belonging to him on the basis of succession, determined on the day of the participant's death, is paid to him.
In these cases, the amount of the partnership's property specified in the founding agreement (articles of association) is reduced accordingly, within the time period stipulated in the founding agreement (articles of association), but not later than three months.
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