of October 29, 1998 No. 164-FZ
About finance lease (leasing)
Accepted by the State Duma on September 11, 1998.
Approved by the Federation Council on October 14, 1998.
The purposes of this Federal Law are development of forms of investments into means of production on the basis of finance lease (leasing) (further - leasing), protection of the property rights, rights of participants of investment process, ensuring efficiency of investment.
In this Federal Law legal and organizational and economic features of leasing are determined.
1. Scope of this Federal Law is leasing of the property relating to the inconsumable things (except the parcels of land and other natural objects) transferred to temporary ownership and to use to physical persons and legal entities.
2. Ceased to be valid according to the Federal Law of the Russian Federation of 31.12.2014 No. 512-FZ
In this Federal Law the following basic concepts are used:
leasing - set of the economic and legal relations arising in connection with implementation of the agreement of leasing, including acquisition of subject of leasing;
the agreement of leasing - the agreement according to which the lessor (further - the lessor) shall acquire in property specified by the lessee (further - the leasing recipient) property at the seller determined by it and to provide to the leasing recipient this property for a fee in temporary ownership and use. The agreement of leasing can provide that the choice of the seller and acquired property is performed by the lessor;
leasing activities - type of investing activities on property acquisition and its transfer to leasing.
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