FEDERAL LAW OF THE RUSSIAN FEDERATION

of July 29, 2017 No. 259-FZ

About modification of parts first, second and third Civil code of the Russian Federation

Accepted by the State Duma on July 20, 2017

Approved by the Federation Council on July 25, 2017

Article 1

Bring in part one of the Civil code of the Russian Federation (The Russian Federation Code, 1994, No. 32, Art. 3301; 2014, No. 19, Art. 2304; 2015, No. 10, Art. 1412; No. 27, Art. 4000) following changes:

Article 50.1 to add 1) with item 4 of the following content:

"4. In case of creation of heritable fund (Article 123.20-1) the decision on organization of heritable fund is made by the citizen in case of creation of the will by it and shall contain data on organization of heritable fund after the death of this citizen, about approval by this citizen of the charter of heritable fund and conditions of management of heritable fund, about procedure, the size, methods and terms of formation of property of heritable fund, persons designated in structure of bodies of this fund or about procedure for determination of such persons.

After the death of the citizen the notary processing heritable case directs to authorized state body the application for state registration of heritable fund with indication of name or the name of person (persons) performing powers of sole executive body of fund.";

2) in Article 123.17:

a) add Item 3 with words ", and also the laws establishing the bases and procedure for reorganization of fund";

b) add with Item 5 of the following content:

"5. The legal status of heritable funds is determined by this Article and Articles 123.18 - 123.20 of this Code taking into account the features provided by Articles 123.20-1 - 123.20-3 of this Code.";

3) ceased to be valid

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