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Article 105. An Institution

1. An organisation created and financed by its founder for the performance of managerial, social and cultural or any other functions of non-commercial nature, shall be recognised as institution.

2. An institution created by the State in accordance with the Constitution and the laws of the Republic of Kazakhstan or on the basis of the decisions of the President of the Republic of Kazakhstan, Government of the Republic of Kazakhstan and the akims of the Capital City, Provinces, major cities, and maintained solely at the expense of the State Budget, unless it is otherwise established by legislative acts, shall be recognised as state-owned institution.

3. A state-owned institution may not create, nor act as the founder (participant) of any other legal entity, except for those institutions to which the right of ownership, use, disposal of state property is granted in accordance with the established procedure.

4. The rights of institutions and state-owned institutions with regard to the assets allotted to them shall be determined in accordance with Articles 202 - 208 of this Code.

Article 106. A Public Association

[as amended by (2) Edict No. 2489 Having the Force of Law of the President of the Republic of Kazakhstan. Concerning the Introduction of Amendments and Additions to Certain Legislative Acts of the Republic of Kazakhstan and Edict Having the Force of Law of the President of the Republic of Kazakhstan "Concerning the State Registration of Legal Entities". October 5, 1995;

(11) Law of 11th July 1997 of the Republic of Kazakhstan. Concerning the Introduction of Amendments and Additions to Certain Legislative Acts of the Republic of Kazakhstan Concerning Issues of Banking Activity; and

(12) Law of No. 211 of 2nd March 1998 of the Republic of Kazakhstan. Concerning the Introduction of Amendments and Additions to the Civil Code of the Republic of Kazakhstan (General Part), and to the Decree of the Supreme Soviet of the Republic of Kazakhstan "Concerning the Implementation of the Civil Code of the Republic of Kazakhstan (General Part)".

1. In the Republic of Kazakhstan political parties, trade unions and other associations of citizens created on a voluntary basis for the attainment by them of the goals in common which do not contradict legislation, shall be recognised as public associations;

The participants (members) of public associations shall not have the right to the assets which are transferred to those associations, including the membership fees. They shall not be liable for the obligations of the public associations in which they participate as their members, and the indicated associations shall not be liable for the obligations of their members.

3. Public associations may on a voluntary basis unite into unions of public associations and to exit them.

7. Assets of a public association which is liquidated upon the resolution of the convention (conference) or the general meeting, shall be used on the purposes which are stipulated in its charter.

Assets of a public association liquidated upon a court decision shall be used in accordance with this Code or other legislative acts.

8. The legal status of public associations shall be determined by legislative acts in accordance with this Code.

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