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Article 66: Basic provisions on business partnerships and societies

📅 Updated: 30.09.2026

1. Business partnerships and societies shall be recognized as corporate business entities divided by shares or shares of the founders (participants) of statutory capital. from the contributions of the founders (participants) and produced and acquired by the economic partnership or society in the course of the activity, is owned by the economic entity. The extent of the rights of participants in the economic society is determined in proportion to their shares in the statutory capital of the society. The fundamental society may be provided for in the statutes of society as well as in a corporate contract, provided that information is provided on the existence of such a contract and the extent to which the member is entitled to participate. 2. An economic society may be created by one person who becomes the sole participant unless otherwise provided for by law. An economic society may, as a sole participant, have another economic society consisting of one person, unless otherwise established by this Code. 3. Business partnerships may be established in the form of an organizational and legal form of a full partnership or partnership in faith (a partnership). 5. Members of full-fledged partnerships and full-fledged partners in partnerships may be formed in the form of an organizational and legal form of a joint-stock company or a limited liability society. Individual entrepreneurs and business organizations may be believers. 6. Public and local authorities are not entitled to participate on their own behalf in economic partnerships and societies. To be members of economic societies and investors in partnerships in faith, with the permission of the owner of the property of the institution, unless otherwise provided by law. The participation of certain categories of persons in economic partnerships and societies may be the founders (participants) of other economic partnerships and societies. 7. Particulars of the legal situation of credit organizations, insurance organizations, clearing organizations, specialized financial societies, spe :: Civilized project finance societies, professional participants in the securities market, equity funds, investment fund managers, equity investment fund managers Non-governmental pension funds, non-governmental pension funds and other non-credited financial organizations, company associations of employees (people ' s enterprises) and rights and obligations The names of their members are determined by the laws governing the activities of such organizations.