Article 7. Shares of participants in the property of an economic partnership of the Law on Economic Partnerships

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1. The shares of all participants in the property of a business partnership are proportional to their contributions to the authorized capital.

2. The shares of participants in the property of a business partnership are calculated in percentage terms.

3. Participants in a business partnership may determine a different procedure for determining their shares in the partnership's property than in this article.

4. A participant in a business partnership has the right to pledge and (or) sell his share or part of it in the property (authorized capital) of the partnership, unless otherwise provided by legislative acts of the Republic of Kazakhstan or constituent documents. An agreement on the alienation (assignment) of the right of a retiring participant in a business partnership to a share in the property (authorized capital) of the partnership or a part thereof, to which an individual is a party, is subject to notarization.

The Law of the Republic of Kazakhstan dated May 2, 1995 No. 2255.

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