Article 742. The order of withdrawal of the client's money of the Civil Code of the Republic of Kazakhstan
1. If the client's money in the bank is sufficient to meet all the requirements imposed on the client, the withdrawal of money is carried out in the order of receipt of orders from the client or other persons (calendar order), unless otherwise provided by legislative acts.
2. If the client's money in the bank is insufficient to meet the next claim made against the client, the bank accumulates the money received in favor of the client, the amount of which is sufficient to meet the specified requirement, except in cases provided for by the legislative acts of the Republic of Kazakhstan. Upon presentation of several demands to the client, the bank withdraws the client's money in the following order:
1) first of all, money is withdrawn according to executive documents providing for the satisfaction of claims for compensation for damage caused to life and health, as well as claims for the recovery of alimony;
2) in the second place, money is withdrawn according to executive documents providing for the withdrawal of money for settlements on severance payments and wages with persons working under an employment contract, payment of remuneration under an author's agreement, obligations of the client to transfer mandatory pension contributions, mandatory occupational pension contributions to the unified accumulative pension fund and social contributions to the State Budget. Social Insurance Fund, deductions and (or) contributions for compulsory social health insurance to the social health insurance fund;
3) in the third turn, money is withdrawn based on the client's obligations to the budget, as well as on the demand for asset recovery in accordance with the Law of the Republic of Kazakhstan "On the Return of illegally Acquired Assets to the State";
4) in the fourth turn, money is withdrawn according to executive documents providing for the satisfaction of other monetary claims.;
5) in the fifth turn, money is withdrawn to meet other requirements submitted to the client in the order of the calendar order.
Withdrawal of money from the bank according to the requirements related to one queue is carried out in the time order of receipt of the relevant documents.
3. In the event of liquidation of a legal entity that is a client, creditors' claims shall be satisfied in the order provided for in Article 51 of this Code.
President
Republic of Kazakhstan
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