Article 68. Liquidation of a Limited Liability Company Law on Limited and Additional Liability Companies
1. A limited liability partnership may be liquidated by a decision of the general meeting of its participants.
2. By a court decision, a limited liability partnership may be liquidated in the following cases::
1) bankruptcy;
2) invalidation of the registration of the partnership in connection with violations of the law committed during its creation, which are irreversible;
3) carrying out activities without a proper permit (license) or activities prohibited by legislative acts, or with repeated or gross violation of legislation;
4) in other cases provided for by legislative acts.
3. In the event of liquidation of a legal entity that is the sole participant in a limited liability partnership, except in cases of bankruptcy, such a partnership is subject to liquidation. In this case, the liquidation commission (liquidator) for the liquidation of the partnership is appointed by the court at the request of the liquidation commission (liquidator) conducting the liquidation of the founder of the partnership.
4. A claim for liquidation of a limited liability partnership on the grounds specified in paragraph two of this article may be brought to court by interested persons, unless otherwise provided by legislative acts.
5. By a court decision on the liquidation of a limited liability company, the obligations to carry out liquidation may be assigned to the partnership itself; the body authorized by the partnership; the body authorized to liquidate the partnership by its constituent documents, or another body (person) appointed by the court.
The Law of the Republic of Kazakhstan dated April 22, 1998 No. 220-1.
President
Republic of Kazakhstan
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