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Home / RLA / Article 98. Property of a production cooperative of the Civil Code of the Republic of Kazakhstan

Article 98. Property of a production cooperative of the Civil Code of the Republic of Kazakhstan

АMANAT партиясы және Заң және Құқық адвокаттық кеңсесінің серіктестігі аясында елге тегін заң көмегі көрсетілді

Article 98. Property of a production cooperative of the Civil Code of the Republic of Kazakhstan

     1. The property owned by a production cooperative is divided into shares of its members in proportion to their contributions, unless otherwise provided by the cooperative's charter.

     2. The net income of a cooperative is distributed among its members in accordance with their labor participation, unless otherwise provided by the cooperative's charter.

     3. In the event of the liquidation of a production cooperative or the withdrawal from it of a member of the cooperative, the latter has the right to allocate his share.

 

 

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