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LAW OF THE AZERBAIJAN REPUBLIC

of December 29, 2015 No. 97-VQ

About legal entities of the public law

(as amended on 16-02-2024)
Article 1. Circle of application of this Law

1.1. This Law according to Item 10 of part 1 of article 94 of the Constitution of the Azerbaijan Republic establishes rules of creation, activities and forming of public legal entities.

1.2. Excluded

1.3. This Law is applied to the Central bank of the Azerbaijan Republic in the part which is not settled by the Law of the Azerbaijan Republic "About the Central bank of the Azerbaijan Republic". The provisions carried to legal entities of the public law in other right acts are applied to the Central bank of the Azerbaijan Republic if in these legal acts special notes on it are specified.

Article 2. The concepts used in this Law

2.1. The public law - community of the legal regulations governing the relations connected with providing state and public concerns.

2.2. The public legal entity - the organization which is not the state or municipal body, engaged in the activities carrying nation-wide and (or) social significance, created on behalf of the state and municipality.

Article 3. Activities of the public legal entity

3.1. Public legal entities can be engaged in business activity only when these activities serve goal achievement, delivered during their creation and in their charters, and answers these purpose.

3.2. In case when it is provided in its charter, the public legal entity can create economic societies or take part in them.

3.3. The profit of the public legal entity can be transferred into the state and local budgets for the purposes which are not provided in the charter only for the decision of the founder.

3.4. In case of provision of services and implementation of the legal acts provided by the Law of the Azerbaijan Republic "About the state fee" the legal entity of the public law collects the state fee in the amount of and procedure, established by the specified Law.

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