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Article 193. Ownership of Land and Other Natural Resources

replaced by (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)".

Land, its subsurface, water, flora, and fauna, and other natural resources, shall be in the state ownership. Land may also be in private ownership on the bases, conditions, and within the limits, stipulated by legislative acts.

Article 194. The Right to Own and Other Corporeal Rights to Housing

20) Law No. 472 of 4th November 1999 of the Republic of Kazakhstan. Concerning the Introduction of Amendments and Additions to Certain Legislative Acts of the Republic of Kazakhstan Concerning Issues of Functioning of Public Enterprises.

Special considerations for the exercise of the right of ownership and any other corporeal rights to housing shall be regulated by legislation concerning housing.

Article 195. The Corporeal Rights of Persons Who are Not Owners

as amended by (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. Aside from the right to own, the following shall be recognised as corporeal rights:

1) the right to use land;

2) the right to business authority;

3) the right to operational management;

4) other corporeal rights, provided for by this Code or any other legislative acts.

2. The provisions concerning the right of ownership shall apply to corporeal rights, unless it is otherwise stipulated in legislation, and when it does not contradict the nature of a given corporeal right.

Chapter 9. The Right to Business Authority Article 196. The Right to Business Authority of a State Enterprise

as amended by (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)".

The right to business authority shall be a corporeal right of state-owned enterprises that received their property from the State as the owner, and which exercise within the limits established by this Code and other legislative acts, the right to own, use and dispose of that property.

Article 197. Items in the Right to Business Authority

Any property, unless it is otherwise stipulated in legislation, may be object of the right to business authority.

Article 198. The Acquisition and Termination of the Right of Business Authority

1. The right of business authority over the property which the owner decided to entrust to a state-owned enterprise that has already been formed, shall arise for that enterprise at the moment of the registration of the property in the independent balance-sheet of the enterprise, unless it is otherwise established by legislation or decision of the owner.

2. The fruit, products and income from the use of the assets which are under business authority, and also the assets which are acquired by the enterprise in accordance with agreements or on any other bases, shall be received into the business authority of the enterprise in accordance with the procedure established by legislative acts for the acquisition of the right to own.

3. The right to business authority with regard to property shall cease on the bases and in accordance with the procedure stipulated by legislation for the cessation of the right of ownership, and also in the cases of the legitimate withdrawal of property from the enterprise by decision of the owner.

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