Article 74. The authorized capital of the limited partnership of the Civil Code of the Republic of Kazakhstan
1. The authorized capital of a limited partnership is made up of the contributions of its participants. In the course of economic activity, the authorized capital may be changed. The authorized capital, excluding contributions from depositors, determines the share of general partners in the property of a limited partnership.
2. The amount of the authorized capital is determined by the general partners of the limited partnership and may not be less than the minimum amount established by legislative acts.
The minimum amount of the authorized capital of organizations engaged in microfinance activities established in the form of a limited partnership is determined by the legislation of the Republic of Kazakhstan on microfinance activities.
The minimum amount of the authorized capital of collection agencies established in the form of a limited partnership is determined by the legislation of the Republic of Kazakhstan on collection activities.
3. Reduction of the authorized capital of a limited partnership is allowed after notification of all its creditors. In this case, the latter have the right to demand early termination or fulfillment of the relevant obligations and compensation for losses. A reduction in the authorized capital in violation of the procedure established by this article is the basis for the liquidation of a limited partnership by a court decision at the request of interested parties.
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