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Article 119. An 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)".

1. An enterprise, as an item in rights, shall be recognised to be a property complex which is used for carrying out entrepreneurial activities.

An enterprise in general as a property complex shall be recognised as immovable property.

2. As a property complex, an enterprise shall include all the types of assets which are intended for its operation, including buildings, installations, equipment, tools, raw materials, inventories, the right to a land plot, the right to claim, debts and also the right to designations which individualise its activities (commercial name and trade marks), and any other exclusive rights, unless otherwise stipulated in legislative acts or in an agreement.

3. An enterprise as a whole, or a part thereof, may be an item in purchasing and selling, pledging, leasing and any other transactions which are related to the establishment, alteration or cessation of corporeal rights.

4. When debts are acquired as part of an enterprise recognised as a property complex, the rights of creditors shall be guaranteed in accordance with the procedure provided for by Article 48 of this Code.

Article 120. Divisible and Indivisible Property

1. Property may be divisible and indivisible.

Divisible property shall be assets, parts whereof do not lose their designation (function) as result of division.

Indivisible property shall be property which may not be divided without changing its economic designation (function), or which is not to be subdivided by virtue of a prescription in a legislative act.

2. Specific features of indivisible objects as items in law, shall be determined in legislation.

Article 121. Compound Items

1. When heterogeneous items form a single unit which permits the use in accordance with its designation, determined by the nature of their combination, they shall be deemed to be one item (compound item).

2. The effect of a transaction which is concluded with regard to a compound item, shall apply to all its constituent parts, unless an agreement provides otherwise.

Article 122. A Principal Item and Its Accessory Item

An accessory, that is, an object which is intended to serve the principal object and which is tied to it by joint economic designations, shall follow the destiny of the principal object, unless legislation or agreement stipulate otherwise.

Article 123. Fruit, Production and Income

Income obtained as a result of using assets (fruit, production, income), shall belong to the person who uses those assets on a legal basis, unless it is otherwise stipulated in legislation or in the agreement concerning the use of that asset.

Article 124. Animals

General rules concerning objects shall apply to animals in so far as legislation does not stipulate otherwise.

Article 125. Intellectual Property

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. In cases and in accordance with the procedure stipulated in this Code and other legislative acts, an exclusive right of a citizen, or a legal entity shall be recognised with regard to the results of intellectual creative activities and to the ways of individualisation of a legal entity, of the production by a physical person or a legal entity, work performed by it or services rendered, which are equated thereto (commercial name, trade mark, service mark etc.).

2. The results of intellectual creative activities and of the means of the individualisation, which may be subject of exclusive rights (intellectual property), may be used by third persons only with the consent of the holder of the right.

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