Article 68. Valuation of the debtor's property Paragraph 3. Valuation and storage of property The Law on Enforcement Proceedings and the Status of Bailiffs
1. The bailiff, within ten working days from the moment of arrest and identification of the property belonging to the debtor, issues a resolution on the appointment of an appraiser by: self-appointment of an appraiser;
appointment of an appraiser at the suggestion of one of the parties to the enforcement proceedings;
instructions from one of the parties to the enforcement proceedings to assess the debtor's property.
Payment for the assessment of the debtor's seized property is assigned to the parties to the enforcement proceedings and is subsequently reimbursed at the debtor's expense.
2. Copies of the bailiff's decision on the appointment of an appraiser shall be sent to the parties to the enforcement proceedings no later than the day following the day of its issuance.
3. A party to the enforcement proceedings who does not agree with the assessment may apply to the expert council for an opinion on the assessment in accordance with the Law of the Republic of Kazakhstan "On Evaluation Activities in the Republic of Kazakhstan" or appeal it to the court in accordance with the procedure established by the civil procedure legislation of the Republic of Kazakhstan. A negative opinion of the expert council or the court's recognition of the assessment report as invalid is the basis for the appointment of a new assessment by the bailiff. If a negative opinion is issued by the expert council, the payment made by the customer for the examination of the assessment report is reimbursed by the appraiser who prepared the assessment report or by the legal entity with which the appraiser has concluded an employment contract.
4. Payment for the services of conducting a new assessment is assigned to the appealing party.
5. If the parties to the enforcement proceedings conclude a written agreement on the value of the property, the appraiser will not assess the seized property and the decision on the appointment of an appraiser will not be issued.
The Law of the Republic of Kazakhstan dated April 2, 2010 No. 261-IV.
President
Republic of Kazakhstan
© 2012. RSE na PHB "Institute of Legislation and Legal Information of the Republic of Kazakhstan" of the Ministry of Justice of the Republic of Kazakhstan
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