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Article 63: Procedures for the liquidation of a legal entity

📅 Updated: 30.09.2026

1. The liquidation commission shall publish in the media the data on the State registration of a legal person, the report on its liquidation and the procedure and This period may not be less than two months from the date of the publication of the liquidation report. 2. After the end of the creditor ' s period of submission of claims, the liquidation comis shall be notified in writing to creditors of the liquidation of the legal entity. This constitutes an interim liquidation balance that includes the composition of the assets of the liquidating entity, a list of claims made by creditors, the results of their mushrooming. The Panel recommends compensation in the amount of US$ 35,000 for contract losses, as well as a list of claims satisfied by an enforceable court decision, regardless of whether such claims were accepted by the liquidation commission. The balance is approved by the founders (participants) of the legal entity or by the body that has decided on the dissolution of the legal entity. 3. In the case of insolvency (banking) of a legal person, the liquidation of a legal entity shall be in accordance with the rules. This Code shall cease and the liquidation commission shall notify all creditors known to it thereof. 4. If available to the liquidating entity (other than the institution of the debtor), the insolvency law shall consider its insolvency (banking). (i) Money is insufficient to meet creditor claims, the liquidation commission sells the property of a legal entity to which the law allows Retrieving, with the exception of objects with a value of not more than 100,000 rubles (according to the approved interim liquidation balance) for which no tender has been awarded If the assets of the liquidating entity are insufficient to satisfy the claims of creditors or if there are signs of bankruptcy of the legal person, the liquidation commission shall: 5. Payment of sums of money to the creditors of the lukewarms The authorized legal entity shall be performed by the liquidation commission in the order of priority set out in article 64 of the present Code, in accordance with the interim liquidation balance from the date of its disposal 6. Upon completion of the settlement with creditors, the liquidation commission shall draw up the liquidation balance, which shall be approved by the founders (participants) of the legal entity or by the receiving authority. 7. In cases established by law, the liquidation balance shall be approved by agreement with the authorized public authority. The Code provides for the subsidiary liability of the owner of the property of the institution or of the executory enterprise for the obligations of the institution or enterprise in the event of a failure to liquidate it. The creditors are entitled to apply to the court for the satisfaction of the remaining part of the t. 8. The remaining property of the legal entity shall be transferred to its founders (participants) after the satisfaction of the creditors ' claims. (i) Persons with property rights or corporate rights in respect of a legal person, unless otherwise provided by law, other legal acts or the constituent instrument of the legal profession If there is a dispute between the founders (participants) as to who should be given the item, it shall be sold by the liquidation commission from the tender. In the liquidation of a non-profit organization, the remaining property, after the satisfaction of the creditors ' claims, shall, in accordance with the statute of the non-profit organization, be sent for the purposes of 9. The liquidation of a legal person is considered completed and the legal person has ceased to exist after the information has been provided. on its termination into a single State register of legal persons, in accordance with the procedure established by the law on the State registration of legal persons.