LAW RSFSR

of June 26, 1991 No. 1488-1

About investing activities in RSFSR

I. General provisions

Article 1. Investments and investing activities

1. Investments are the money, purpose-oriented bank deposits, shares, shares and other securities, technologies, machines, the equipment, the credits, any other property or property rights, intellectual values put in objects entrepreneurial and other types of activity for the purpose of profit earning (income) and achievement of positive social effect.

2. The investing activities are investment of investments, or investment, and set of practical actions for realization of investments.

Investment into creation and reproduction of fixed assets is performed in the form of capital investments.

Article 2. Subjects of investing activities

1. Subjects of investing activities are investors, customers, contractors, users of objects of investing activities, and also suppliers, legal entities (the banking, insurance and intermediary organizations, the investment exchanges) and other participants of investment process.

2. Physical persons and legal entities, including foreign, and also the states and the international organizations can be subjects of investing activities.

3. Investors are the subjects of investing activities performing investment of own, loan or raised funds in the form of investments and providing their target use.

Can act as investors:

bodies, authorized to manage the state-owned and municipal property or property rights;

citizens, companies, entrepreneurial associations and other legal entities;

foreign physical persons and legal entities, states and international organizations.

Consolidation of means by investors for implementation of joint investment is allowed.

Investors can act as investors, customers, creditors, buyers, and also to perform functions of any other participant of investing activities.

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