Article 945. Compensation for damage in case of termination of a legal entity of the Civil Code of the Republic of Kazakhstan
1. In case of reorganization of a legal entity recognized in accordance with the established procedure as responsible for harm caused to life and health, the obligation to pay the corresponding payments is borne by its legal successor. He is also subject to claims for damages.
2. In case of liquidation of a legal entity recognized in accordance with the established procedure as responsible for harm caused to life and health, the corresponding payments must be capitalized to pay them to the victim in accordance with the procedure provided for by the legislation of the Republic of Kazakhstan.
3. In cases where the capitalization of payments cannot be made due to the absence or insufficiency of property of the liquidated legal entity, the awarded amounts are paid to the injured state in accordance with the procedure provided for by the legislation of the Republic of Kazakhstan.
4. After the completion of the period of capitalization of payments for compensation for damage caused to the life and health of employees by legal entities liquidated as a result of bankruptcy, a citizen of the Republic of Kazakhstan receives social assistance in the form of monthly payments in accordance with the procedure established by the Government of the Republic of Kazakhstan, the amounts of which increase annually in proportion to the average value of the projected inflation rate.
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
Constitution Law Code Standard Decree Order Decision Resolution Lawyer Almaty Lawyer Legal service Legal advice Civil Criminal Administrative cases Disputes Defense Arbitration Law Company Kazakhstan Law Firm Court Cases