Article 123.17: Basic provisions for a socially useful fund

1. A unitary non-profit organization without membership established by citizens and (or) legal persons shall be recognized as a socially useful fund (hereinafter referred to as a fund) for the purposes of this Code. 2. The fund ' s statute shall contain information on: by the name of the fund, including the word «fund» or the words «publicly useful fund», its location, object and purpose, the bodies of the fund, including the highest collegiate body, and on the Trust Board supervising the operation of the fund, the procedure for the appointment and discharge of the fund ' s officials, the fate of the property of the fund in the case of its liquefy 3. The reorganization of the fund shall not be permitted, except as provided for in paragraph 4 of this article and in the laws establishing the grounds and procedure for the reorganization of the fund. e The situation of non-State pension funds, including cases and the manner in which they may be reorganized, is determined by this article and articles 123.18 to 123.20 of the present Code, taking into account the specific characteristics of the pension scheme, 5. The Federal Act of 1 July 2021 No. 287-FZ ceased to exist on 1 March 2022.