LAW OF THE RUSSIAN FEDERATION

of July 7, 1993 No. 5340-I

About Chambers of Commerce and Industry in the Russian Federation

 This Law, determines general legal, economic and social basis of creation of Chambers of Commerce and Industry in the Russian Federation, establishes forms of business and the directions them activities, determines the principles of their relations with the state.

Chapter I. General provisions

Article 1. Concept of Chamber of Commerce and Industry

1. The Chamber of Commerce and Industry is the non-state non-profit organization created in form of business of the union for representation and protection of legitimate interests of the members and for the purpose of development of entrepreneurship, economic and foreign trade activity, realization of other purposes and tasks provided by this Law.

2. The Chamber of Commerce and Industry can be engaged in revenue-producing activities only as it is necessary for accomplishment of its authorized tasks. The profit got by it between members of Chamber of Commerce and Industry is not shared.

3. The Chamber of Commerce and Industry is legal entity.

4. The Chamber of Commerce and Industry answers for the obligations all property belonging to it.

5. The Chamber of Commerce and Industry does not answer for obligations the members as well as members of Chamber of Commerce and Industry do not answer for its obligations.

6. The Chamber of Commerce and Industry does not answer for obligations the organizations created by it as well as these organizations do not answer for obligations Chamber of Commerce and Industry.

7. Chamber of Commerce and Industry, performing the functions provided by its charter is effective within the Constitution and the laws of the Russian Federation.

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