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Article 123.20-6: Rights of the beneficiary of a personal fund

📅 Updated: 30.09.2026

1. The beneficiary of a personal fund shall be entitled to receive property in accordance with the terms of the management of the personal fund as well as other rights provided for in this Code. Personal fund holders may not transfer to other persons, including in the case of a universal succession, except in cases of conversion of the beneficiary to a legal entity, if the conditions There is no provision in the management of the personal fund for the termination of the rights of such beneficiary upon conversion to the rights of the beneficiary of the personal fund, including the beneficiary of the inheritance. 2. The rights of the beneficial national are null and void. The rights of the beneficiary, the legal entity of the inheritance fund, are terminated if the beneficiary, the legal entity, is reorganized. The key to conversion if the conditions for the administration of the inheritance fund do not provide for the termination of the rights of the beneficiary upon conversion. or liquidation of the beneficiary, a legal person, and in the case of a notary declaration to the estate fund of the refusal of the beneficiary of the inheritance fund from the right to The acquisition of property by the new beneficiaries of the inheritance fund is determined in accordance with the conditions for the administration of the inheritance fund, in particular, they may be determined by appointment. 3. In the cases provided for by the personal fund statute, the beneficiary is entitled to request and receive from the personal fund information on the activities of the personal fund. is entitled to request an audit of the activities of the personal fund by the auditor of his or her choice; in the event of such an audit, the auditor ' s services are paid at the expense of the beneficiary of the personal fund. (a) The expenses of the beneficiary of the personal fund for the services of the auditor may be reimbursed to him by decision of the trustee ' s board from such fund. In the event of a violation of the terms of the management of the personal fund, which caused loss to the beneficiary of the personal fund, the latter is entitled to claim compensation if this right is provided for by the mouth. 6. The beneficiary does not meet the obligations of the personal fund and the personal fund does not meet the obligations of the beneficiary.