LAW OF TURKMENISTAN

of May 23, 2015 No. 238-V

About modification and amendments in the Law of Turkmenistan "About daykhansky associations" *

I. Bring in the Law of Turkmenistan "About daykhansky associations", adopted on June 15, 1995 (in the new edition, accepted by the Law of Turkmenistan of March 30, 2007) (Sheets of Majlis of Turkmenistan, 2007, No. 1, Art. 38; 2014, No. 2, Art. 85), following changes and amendment:

1. State Article 1 in the following edition:

"Article 1. Daykhansky consolidation

Daykhansky consolidation is the legal entity created for the organization and conducting agricultural production, based on the mixed (joint) property.".

2. To state the paragraph of the sixth Article 2 in the following edition:

"-development and strengthening own production and material and technical resources, implementation in agricultural production of achievements of scientific and technical progress, the best practices and the latest technologies, effective use of the entered objects for storage and conversion of agricultural raw materials and production on its basis of finished goods;".

3. Third of Article 3 to state part in the following edition:

"3. Members of daykhansky associations for the purpose of rational use of land and water resources on adjacent acreage, introductions of crop rotation and increase in efficiency of all agrotechnical actions can voluntarily unite in groups of lessees.".

4. After Article 8 to add with new article of the following content:

"Article 8-1. Property of daykhansky consolidation

1. Daykhansky consolidation can have fixed assets and other property formed by profit and other sources which are not prohibited by the legislation of Turkmenistan.

2. Property management of daykhansky associations is exercised according to its Charter.

3. Fixed assets and other property of the daykhansky consolidation created due to state-owned property are provided in use of the state and their privatization is performed according to the legislation of Turkmenistan.

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