Comment to Article 257. Valuation of property upon termination of ownership of the Civil Code of the Republic of Kazakhstan
The most adequate and effective way to determine the market price is to sell property at public auction. Only if it is objectively impossible to organize auctions or if there are no buyers, professional appraisers of the property should be involved to sell it outside the public auction procedure.
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The commentary was prepared within the framework of the scientific and practical research program of the Scientific Research Center of Private Law of the Kazakh State Law University.
Head of the working group on the preparation of the draft Civil Code of the Republic of Kazakhstan, Corresponding Member of the Academy of Sciences of the Republic of Kazakhstan, Professor Suleimenov M.K.
Deputy head Professor Basin Yu.G.