Article 123.20-4: Basic Personal Fund Regulations

1. A private fund shall be deemed to be a non-profit organization, established for a specified period or indefinitely by a citizen or, after his death, by a notary, notary, which shall administer the non-profit organization referred to it. 2. A personal fund may be established by a notary. The provisions of this Personal Funds Code shall apply to inheritance funds, unless otherwise established by this Co. The founder of a personal fund has the right to provide in the statute of a personal fund established at the time of his or her life that, after his or her death, How the personal fund continues to operate in accordance with the approved charter and governance arrangements of the founder, and no such personal fund may be available after the death of its founder of liquidation. 3. A citizen who has created a personal fund at the time of his or her life or who has made provision in his or her will for the establishment of an inheritance fund shall be recognized as the founder of the personal fund. In the creation of personal funds, several persons may not be co-founded, except if spouses who transfer the personal fo are the founders of the personal fund. 4. The property of the personal fund shall be owned by the personal property fund and the founder of the personal fund shall not be entitled to the property of the fund established by him. There can be no less than 100 million roubles transferred to the personal fund (except the inheritance fund) by its founder in the creation of the personal fund, and the value of these assets is not less than 100 million roubles. 5. The personal fund shall be entitled to engage in business activities consistent with the purposes defined by the personal fund ' s statute and necessary for the performance of its functions. 6. The founder of the personal fund shall have the right to establish or participate in economic societies. The liability for the liabilities of this personal fund in the event of a lack of property, and the personal fund, with the exception of the inheritance fund, is liable for the subsidiary liability of its property under the obligation of the debtor. In exceptional cases where the creditors of the personal fund or the founder of the personal fund were not reasonably possible, and to apply to the founder of the personal fund or personal fund within a specified period of time, this period may be extended by the court, but not more than five years from the date of the establishment of the personal fund. The decision of the founder of the personal fund to establish a personal fund is subject to notarization. 8. The testator ' s application for the establishment of the inheritance fund, the statute of the fund and the conditions for the administration of the inheritance fund shall be subject to a notary certificate. The founder of the personal fund is entitled to approve the conditions for the management of the personal fund and other internal documents of the personal fund, which are binding on all the bodies of the personal fund. If a personal fund and the conditions for the administration of a personal fund are notarized, the information on the content of the conditions of the liquidation shall be certified by a notary unless otherwise specified by this Code or by the statute of the personal fund. The application of the personal fund and other internal documents of the personal fund shall not be subject to disclosure and shall be confidential, unless otherwise provided for in the personal fund statute, the personal fund statute, the principal of the personal fund or the private fund. After the death of the founder of the personal fund, approved by the founder of the fund at the time of his or her life The statute of the personal fund, the conditions for the management of the personal fund and other internal documents of the personal fund may not be changed except by a court decision at the request of any authority In cases where it has become impossible to administer such a fund under the old conditions for circumstances that could not be expected to arise from the establishment of such a fund. The conditions for the administration of the inheritance fund may not be changed after the establishment of the inheritance fund, except by a court decision at the request of any body of us. In cases where the administration of the inheritance fund under the old conditions has become impossible due to circumstances that could not have arisen in the establishment of the inheritance fund 1117), unless known at the time 9. The name of the personal fund should include the words «personal fund.» The name of the inheritance fund should include the words «investigative fund». A personal fund (with the exception of a inheritance fund) is allowed in the form of a merger, accession, separation, allocation, provided that the reorganization results in a personal fund or a person ' s In the life of the founder of the personal fund, it is also possible to convert the personal fund into a socially useful fund by decision of the founder. and upon the death of its founder is not permitted, except for the conversion of the personal fund into a socially useful fund in the cases provided for under the terms of the management of the personal fund and article 12, paragraph 6 11. The liquidation of a personal fund shall be decided by a court of law: (1) in accordance with the procedure and on the basis of the grounds laid down in article 61, paragraph 3, subparagraphs 1 to 4, of the present Code, and in accordance with article 61, paragraphs 1 to 4, of the Code. action by an authorized State body in the case of a private fund carrying out an activity specified in the legislation of the Russian Federation on foreign agents; (2) at the request of a single person 3. At the request of the sole executive body of the personal fund in connection with the offensive, 4. At the request of the beneficiary of the personal fund in the event that it is impossible to form a personal fund body (a lack of quorum to the (b) At the request of the sole executive body of the personal fund for three years, if not otherwise, It is not provided for under the personal fund statute to meet the conditions of the founder of the personal fund under which the beneficiaries of the personal fund are to be determined. :: Property is to be transferred to the beneficiaries of the personal fund in proportion to their rights to receive property or income from the personal fund if the conditions of the fund There are no other rules governing the distribution of the remaining property, including its transfer to non-beneficiary persons. to which the property remaining after the liquidation of the personal fund is to be transferred is to be transferred to the property of the founder(s) of the personal fund, and if the marriage is at that time Waiting for the founders who handed over the common property to the fund to be dissolved, to the common estate property of the founders, whose shares in the property transferred to them shall be deemed to be equal, unless otherwise determined. If it is not possible to identify the persons to whom the property left after the liquidation of the estate is to be transferred, such property shall be transferred 12. The report on the use of the property of the personal fund shall not be published except in the cases provided for by the conditions Management of a personal fund.