Article 66.2: Basic provisions on the statutory capital of an economic society

1. The minimum statutory capital of economic societies is determined by the laws on economic societies. insurance or other licensed activities, as well as joint-stock companies using open (public) subscriptions to their shares, are established by laws that define characteristics. 2. In the payment of the statutory capital of an economic society, the sum of money shall not be less than the minimum amount of the statutory cap. The monetary valuation of the non-monetary contribution to the statutory capital of an economic society must be carried out by an independent evaluator. 3. To determine the monetary valuation of the non-monetary contribution in excess of the amount of the valuation determined by the independent evaluator. In the event that the property is insufficient, the members of the community and the independent evaluator are jointly and severally liable for their liabilities. The Panel recommends no award of compensation in the amount to which the assessment of the assets invested in the statutory capital has been overstated within five years of the State registration of the society or the introduction of the relevant treason into the statute of society. In the case of the introduction into the statutory capital of a company of assets other than money, the shareholder who made the payment and the independent appraiser in the case of insufficient community property va is jointly and severally liable for its liability to the extent that the valuation of fixed-term assets has been overstated within five years of the date of the State ' s declaration. The rules of this paragraph on the responsibility of a member of the community and an independent evaluator shall not apply to the economic sector. 4. Unless otherwise provided for in the laws on the general public, the State or municipal unitary enterprises have been privatized by means of privatization laws. the founders of the economic society are obliged to pay at least three quarters of its statutory capital before the State registration of the society and the rest of the statutory capital of the general public. In cases where the law permits the State registration of the economic society without prior payment of three quarters of the The members of society have subsidiary responsibility for their obligations arising prior to the date of full payment of the statutory capital.