Article 123.20-5: Conditions for the management of a personal fund

1. Conditions for the administration of a personal fund may include provisions for the transfer to certain persons (beneficiaries of a personal fund) or to certain categories of persons from an indefinite range of persons (hereinafter referred to as the «non-consensual» group). 2. The conditions of management are personal. The Fund may provide that the beneficiaries of the personal fund or individual categories of persons to whom the personal fund is to be transferred shall be determined by the personal fund authorities in accordance with the relevant provisions of the Fund. 3. Procedure for the transfer to beneficiaries of a personal fund or to individual categories of persons of all or part of the personal fund, including the proceeds of the fund The personal fund must be determined by the terms of the management of the personal fund by reference to the type and size of the property transferred or the manner in which the type and amount of the property, including the asset, is determined. property rights (e.g. right to use property, right to pay for work, services provided by third parties to beneficiaries of a personal fund or individual categories of persons), period or period of time 4. The beneficiaries of a personal fund may be any participants in a regulated civilian asset. The founder of a personal fund may not be the beneficiary of a personal fund unless otherwise provided by the statute of that fund. The beneficiary of a personal fund has the right to demand from the personal fund, and the beneficiary of the inheritance fund has the right to require the notary or the inheritance fund to inform them of that part of the estate. The terms and conditions of the management of the personal fund, which provide for the determination and designation of the personal fund bodies, and the provision for the transfer to the beneficiary of all or part of the personal fund property, 6. No later than six months after the death of a citizen who has established a personal fund in the course of his or her life, if conditions of management This fund, after the death of the founder, provides only for the transfer of all or part of the personal funds to certain categories of persons from the undefined circle of persons. Be converted into a socially useful fund (art. 123.17) with the personal fund ' s statute, the terms of management of the personal fund and other internal documents of the personal fund approved by its founder The new name of the fund and the changes in its organizational and legal form are recorded in the unified State register of legal entities.