Article 123.1. Basic provisions for non-profit corporate organizations

1. Non-profit corporate organizations recognize legal entities that do not pursue profit as the main purpose of their activities and do not share the profits obtained m between the parties (art. 50, para. 1, and art. 65.1), whose founders (participants) acquire the right to participate (membership) in them and form their supreme body in accordance with art. 65, para. 1 of the present article). 2. Non-profit corporate organizations are established in the organizational and legal forms of consumer cooperatives, social organizations, associations (unions), notary chambers, comrades property of owners of real property, Cossack societies entered in the State Register of Cossack Societies in the Russian Federation, as well as communities of small indigenous peoples of the Russian Federation (para. 3. Non-profit corporate organizations shall be established by decision of the founders at their general (founding) assembly, conference, congress, etc. The said authorities shall approve the speech. 4. A non-profit corporate organization owns its property. A proactive organization may provide that decisions on the establishment of other legal entities by the corporation, as well as decisions on the participation of the corporation in other legal entities, on the establishment of branches and on the re-establishment of the corporation The company ' s offices are awarded by the corporation ' s collegiate body.