About Leasing

Original Language Title: О лизинге

Read the untranslated law here: http://pravo.gov.ru/proxy/ips/?doc_itself=&infostr=x&backlink=1&fulltext=1&nd=102056153

RUSSIAN FEDERATION federal law on financial lease (leasing) (as amended by the Federal law of the 29.01.2002 N 10-FZ), passed by the State Duma September 11, 1998 the year approved by the Federation Council October 14, 1998 onwards (as amended by the federal laws of the 29.01.2002 N 10-FZ;
from 22/08/2004, no. 122-FZ; from 18.07.2005 N 90-FZ;
from 26.07.2006 N 130-FZ; from 08.05.2010 N 83-FZ;
from 28.06.2013 N 134-F3; from 04.11.2014 N 344-FZ;
by 31.12.2014 N 512-FZ) Objectives of this federal law is the development of forms of investment in means of production based on the financial rent (leasing) (hereinafter leasing), protection of property rights, rights of participants in the investment process, investment efficiency. (As amended by the Federal law of the 29.01.2002 N 10-FZ) in the present Federal law defines legal and organizational-economic features of leasing.
Chapter i. General provisions article 1. The scope of this federal law 1. The scope of this federal law is leasing property related to nepotrebljaemym things (except land and other natural objects) that is passed in the temporary possession and use of natural and legal persons. (As amended by the Federal law dated 08.05.2010 N 83-FZ)
2. (repealed-federal law 31.12.2014 N 512-FZ), Article 2. The basic concepts used in the present Federal law in this federal law uses the following concepts: lease-combination of economic and legal relations arising in connection with implementation of the leasing contract, including the acquisition of leased assets;
lease agreement-a contract under which a lessor (hereinafter the lessor) undertakes to purchase the property specified by the lessee (hereinafter the lessee) property defined by the seller and they give the property to the lessee a fee for temporary possession and use. The lease agreement may stipulate that the choice of the seller and the purchased property is carried out by the lessor;
Leasing-type of investment activities acquisition of property and transfer it to the leasing.
(Article in the Editorial Office of the Federal law dated 29.01.2002 N 10-FL) Article 3. Leased object 1. Subject of leasing can be any non-consumable things, including businesses and other property complexes, buildings, equipment, vehicles and other movable and immovable property. (As amended by the Federal law dated 08.05.2010 N 83-FZ)
2. Subject of leasing cannot be Lland and other natural objects, as well as property that federal laws prohibited for free circulation or for which a special treatment, except for military products, leasing which is carried out in accordance with international treaties of the Russian Federation, the Federal law of July 19, 1998 N 114-FZ "on military-technical cooperation of the Russian Federation and foreign States" in order established by the President of the Russian Federation, and technological equipment of foreign production, leasing in the manner prescribed by the President of the Russian Federation. (As amended by the Federal law dated 26.07.2006 N 130-FZ), Article 4. Leasing entities 1. Actors are leasing: lessor-natural or legal person who, at the expense of attracted and (or) own resources acquires in the course of the implementation of the leasing contract in ownership and provides it as a subject of leasing to the lessee for a fee, for a specified period and on certain conditions for temporary possession and use of transition or without transfer of ownership to the lessee the lease object; (As amended by the Federal law of the 29.01.2002 N 10-FZ) lessee-the natural or legal person who, in accordance with the leasing contract to take the subject of lease for a fee, for a specified period and on certain conditions in the temporary possession and use in accordance with the leasing contract;
seller-natural or legal person who, in accordance with the contract of sale with the lessor sells the lessor in due term the property that is the subject of the lease. The seller is obliged to provide to the lessor or the lessee leasing object in accordance with the terms of the contract of sale. The seller can simultaneously act as lessee within the leasing relationship. (As amended by the Federal law of the 29.01.2002 N 10-FZ)
2. Any of the subjects of leasing can be resident or non-resident of the Russian Federation the Russian Federation. (As amended by the Federal law of the 29.01.2002 N 10-FZ), Article 5. Leasing company (firm) 1. Leasing companies (company)-commercial entities (residents of the Russian Federation or non-residents of the Russian Federation) that perform in accordance with the legislation of the Russian Federation and its constituent documents functions of lessors. (As amended by the Federal law of the 29.01.2002 N 10-FZ)

2. the founders of leasing companies (firms) may be legal entities, natural persons (residents of the Russian Federation or non-residents of the Russian Federation). (As amended by the Federal law of the 29.01.2002 N 10-FZ)
3. non-resident leasing company of the Russian Federation-foreign legal person carrying out leasing activity in the territory of the Russian Federation. (As amended by the Federal law of the 29.01.2002 N 10-FZ)
4. Leasing companies have the right to raise funds of legal entities and (or) individuals (residents and non-residents of the Russian Federation, Russian Federation) for the implementation of the leasing activity in accordance with the legislation of the Russian Federation. (As amended by the Federal law of the 29.01.2002 N 10-FZ)
5. Manager (person who performs the functions of a sole executive body), a member of the Board of Directors (Supervisory Board), Member of the company's collective executive body, as well as the Chief Accountant of the leasing company (the company) may not be removed from the person having or outstanding convictions for crime in the sphere of economic activities or offences against State power. (Para supplemented by federal law from 28.06.2013 N 134-FZ), Article 6. (Deleted-the Federal law dated 29.01.2002 N 10-FL) Article 7. Types of leasing (as amended by the Federal law of the 29.01.2002 N 10-FZ dated December 30, 2008) 1. The main forms of leasing are internal leasing and international leasing. (As amended by the Federal law of the 29.01.2002 N 10-FZ) in the implementation of the domestic leasing either lessor and lessee are residents of the Russian Federation. (As amended by the Federal law of the 29.01.2002 N 10-FZ) in the implementation of the international leasing the lessee or the lessor is resident in the Russian Federation.
(The paragraph excluded the Federal law from 29.01.2002 N 10-FZ)
(The paragraph excluded the Federal law from 29.01.2002 N 10-FZ)
(Paragraphs 2 and 3 are excluded, para 4 is considered a federal law, paragraph 2 of the 29.01.2002 N 10-FZ)
2. Lease Agreement may include conditions for the provision of additional services and additional work.
Additional services (work)-services (works) of any kind provided by lessor before use, and during the course of the subject of lease lessee and directly related to the implementation of the leasing contract.
List the amount and cost of additional services (works) shall be determined by agreement of the parties.
(Paragraph as amended by federal law from 29.01.2002 N 10-FL) Article 8. Subleasing 1. Sublease sublease-views of the subject of leasing, where the lessee leasing treaty transfers to third parties (beneficiaries under the Treaty of subleasing) possession and use for a fee and in accordance with the terms of subleasing property obtained previously from the lessor the leasing Treaty and constituting the subject of leasing.
If handover sub-lease the right to claim against the seller goes to the lessee under the agreement of subleasing.
(Paragraph as amended by federal law from 29.01.2002 N 10-FZ)
2. If the transfer of the subject of leasing in subleasing agreement is required from the lessor in writing.
(Paragraphs 2, 3 and 5 are excluded, para 4 is considered a federal law, paragraph 2 of the 29.01.2002 N 10-FL) Article 9. (Deleted-the Federal law dated 29.01.2002 N 10-FL) Article 9-1. Features of the leasing contract, concluded a public or municipal institution 1. A lease contract if the lessee is a State or municipal institution, must provide for the obligation of the lessor to independently determine the seller of property under the lease contract.
2. If lessee leasing Treaty is a State or municipal institution, is not allowed to carry out calculations on leasing payments products (in-kind), produced with the help of the subject of leasing.
3. essential conditions of the lease contract, the lessee by which is a State or municipal institution, along with the conditions provided for in paragraphs 1 and 2 of this article shall include: a ban on providing guarantee of fulfilment of the obligations under the lease contract (with the exception of mortgage assets to be transferred in leasing);
the right of the parties to the contract of lease leasing payments resized by agreement of the parties to the lease contract in accordance with the budget estimates of the State institution or plan of financial and economic activity of the budget or autonomous institutions.
4. In the case of non-payment leasing more than two times in a row after the leasing contract maturity foreclosure on State or municipal institution, a lessee leasing Treaty is carried out on the basis of the Executive instrument in the manner prescribed by federal laws defining peculiarities of the legal status of institutions.

5. State and budgetary institutions are lessees lease Treaty, to fulfil its obligations under the lease contract may not enter in such related treaties as treaties about getting loans, loans.
(Article supplemented by federal law from 31.12.2014 N 512-FZ), chap. II. The LEGAL BASIS of LEASING RELATIONS Article 10. Rights and obligations of the parties to the lease contract 1. The rights and obligations of the parties to the contract of lease are regulated by the civil legislation of the Russian Federation, this federal law and the contract of leasing. (As amended by the Federal law of the 29.01.2002 N 10-FZ)
2. in carrying out leasing the lessee shall have the right to submit directly to the vendor of the leasing subject requirements for quality and completeness, timing of execution of duties to pass goods and other requirements established by the contract of sale between the seller and the legislation of the Russian Federation and by the lessor. (As amended by the Federal law of the 29.01.2002 N 10-FZ)
(Paras. 2, 3, 5, 6 and 7 are excluded, para 4 is considered a federal law, paragraph 2 of the 29.01.2002 N 10-FZ), Article 11. Ownership of the leased asset (as amended by the Federal law of the 29.01.2002 N 10-FZ dated December 30, 2008) 1. Leasing object is passed in the temporary possession and use of the lessee, is the property of the lessor. (As amended by the Federal law of the 29.01.2002 N 10-FZ)
2. the right of ownership and use of the subject of leasing is transferred to the lessee in full, if the lease agreement provides otherwise.
3. the lessor's right to dispose of the subject of leasing includes the right to withdraw the leased from possession and use from the lessee in cases and in the manner prescribed by the laws of the Russian Federation and the leasing contract. (As amended by the Federal law of the 29.01.2002 N 10-FL) Article 12. (Deleted-the Federal law dated 29.01.2002 N 10-FL) Article 13. Ensuring the rights of the lessor 1. In the case of non-payment leasing more than two times in a row after the lease contract term payment from account cancellation of lessee is carried out, except in the case prescribed in paragraph 4 of article 9-1 hereof, in an uncontested procedure by sending to the Bank by the lessor or other credit institution in which the account of the lessee, orders to charge his account of funds within the amounts overdue lease payments. Undisputed debiting does not deprive the lessee legal recourse. (As amended by federal law from 31.12.2014 N 512-FZ)
2. The lessor shall be entitled to demand early termination of the lease agreement and return within a reasonable period of time by the lessee of property in cases stipulated by the legislation of the Russian Federation, this federal law and the contract of leasing.
In this case, all costs associated with the return of assets, including its dismantling, insurance and transportation, shall be borne by the lessee.
(Article in the Editorial Office of the Federal law dated 29.01.2002 N 10-FL) Article 14. (Deleted-the Federal law dated 29.01.2002 N 10-FL) Article 15. The contents of the lease contract 1. Regardless of the length of the leasing contract shall be in writing.
2. in order to fulfil its obligations under the contract of leasing leasing entities enter into binding and related treaties. (As amended by the Federal law of the 29.01.2002 N 10-FZ) to binding contracts of purchase-sale contract refers.
To related treaties are the Treaty on fundraising, the pledge agreement, the Treaty of guarantee, the guarantee agreement and others. (As amended by the Federal law of the 29.01.2002 N 10-FZ)
3. leasing agreement should be specified to establish definitely the property subject to the transfer of the lessee as the subject of leasing. In the absence of these data, a lease contract condition about the subject, transferable lease, shall be deemed not to have been agreed by the parties, and the lease contract is not considered. (As amended by the Federal law of the 29.01.2002 N 10-FZ)
4. on the basis of the lease contract the lessor undertakes to: purchase a seller into the ownership of certain assets for his transfer for a fee for a certain period of time, on certain conditions, as the object of lease the lessee; (As amended by the Federal law of the 29.01.2002 N 10-FZ) perform other obligations arising from the content of the contract of leasing.
5. the lease contract, the lessee shall: take the subject of lease in the manner provided for in the specified in the leasing agreement;
to pay to the lessor the leasing payments in the manner and within the period provided for the leasing agreement; (As amended by the Federal law of the 29.01.2002 N 10-FZ) upon expiration of the lease agreement to return the leased object, unless otherwise provided for specified lease agreement, or purchase the leased asset at the property on the basis of a contract of sale;
to fulfil other obligations arising from the content of the contract of leasing.

6. A lease contract can be specified the circumstances in which the parties consider the undisputed and obvious violation of the obligations and that lead to the termination of the lease agreement and the removal of the subject of leasing. (As amended by the Federal law of the 29.01.2002 N 10-FZ)
7. Leasing agreement may provide for the right of the lessee to extend the lease term with or change the conditions of the lease contract. (Paragraph 2 deleted paragraphs 3-8 are considered respectively paragraphs 2-7 Federal law from 29.01.2002 N 10-FL) Article 16. (Deleted-the Federal law dated 29.01.2002 N 10-FL) Article 17. Provision for temporary possession and use of the subject matter of the contract of leasing, maintenance and return (as amended by the Federal law of the 29.01.2002 N 10-FZ dated December 30, 2008) 1. The lessor shall give the lessee of the property that is the subject of leasing, in a position corresponding to the conditions of the lease contract and the appointment of this property.
2. Leasing object is passed to the leasing together with all its accessories and all documents (specifications and the others), unless otherwise provided by the contract of leasing.
3. The lessee shall at its own expense carries out maintenance of leased assets and ensures its preservation, as well as capital and current repair of the object of lease, unless otherwise provided by the contract of leasing. (As amended by the Federal law of the 29.01.2002 N 10-FZ)
4. Upon termination of the lease contract, the lessee is obliged to return the lessor leased in the condition in which he received, subject to normal wear and tear or deterioration resulting from the leasing agreement.
5. If the lessee did not return a leased or transferred it in a timely manner, the lessor shall be entitled to demand payment for the time delay. In case if the payment does not cover the lessor losses caused by it can claim their refunds.
6. If for the late return of the object of leasing to the lessor provides the penalty, damages may be recovered from the lessee in full over a penalty, unless otherwise provided by the contract of leasing.
7. Produced by the lessee leasing subject separable improvements are his property, unless otherwise provided by the contract of leasing.
8. If the lessee with the consent in writing of the lessor has made at the expense of own means of improving leasing object, inseparable without harm to the object of lease, the lessee has the right after the termination of the lease agreement for the reimbursement of the cost of such improvements, unless otherwise provided by the contract of leasing.
9. If the lessee without the consent in writing of the lessor has made at the expense of own means of improving leasing object, inseparable without harm to the subject of leasing, and unless otherwise provided by federal law, the lessee has no right after the termination of the lease agreement for the reimbursement of the cost of these improvements. (As amended by the Federal law of the 29.01.2002 N 10-FZ) (Paras. 3 and 4 removed, paras. 5-11 are considered respectively paragraphs 3-9-the Federal law dated 29.01.2002 N 10-FL) Article 18. Assignment of rights under a contract of lease to third parties and of the subject of leasing (as amended by the Federal law of the 29.01.2002 N 10-FZ dated December 30, 2008) 1. The lessor may assign to a third party in whole or in part its rights under the lease contract. (As amended by the Federal law of the 29.01.2002 N 10-FZ)
2. The lessor has the right to attract cash assets to use as collateral leased asset, which will be acquired in the future under the terms of the lease contract. (As amended by the Federal law of the 29.01.2002 N 10-FZ) (Paragraphs 2, 4 and 5 are excluded, para 3 is considered paragraph 2-the Federal law dated 29.01.2002 N 10-FZ)
3. The lessor is obliged to notify the lessee of all rights of third persons for the purpose of leasing. (Para supplemented by federal law from 29.01.2002 N 10-FL) Article 19. The transfer of ownership in the leased object 1. The lease agreement may stipulate that the leasing object becomes the property of the lessee upon expiry of the lease contract, or until it expires in accordance with the provisions of the agreement of the parties.
2. Federal cases may be established by law the prohibition of transfer of ownership of the leased asset to the lessee.
(Article in the Editorial Office of the Federal law dated 29.01.2002 N 10-FL) Article 20. The order of registration of the property (subject of the leasing contract) and rights (as amended by the Federal law of the 29.01.2002 N 10-FZ dated December 30, 2008) 1. In cases stipulated by the legislation of the Russian Federation, the right to property that is transferred on lease, and (or) the leasing contract, the subject of which is the property, are subject to state registration.
Special requirements for the legislation of the Russian Federation to the proprietor of the registered assets (aircraft, ships and other vessels, other property). apply to the lessor or lessee by mutual agreement.
(Paragraph as amended by federal law from 29.01.2002 N 10-FZ)

2. Subjects of leasing subject to registration in the State bodies (vehicles, machinery and other high-risk subjects of leasing), recorded by agreement of the Parties addressed to the lessor or the lessee.
3. By agreement of the parties, the lessor shall be entitled to charge the lessee leasing object registration on the name of the lessor. When this is necessary to indicate in the property records information about the owner and the owner (user) of the property. In case of termination of the contract and withdrawal of lessor leased assets according the last public authorities who register are required to cancel the entry about the owner (user).
Article 21. The subject of leasing and insurance business (financial) risks (as amended by the Federal law of the 29.01.2002 N 10-FZ dated December 30, 2008) 1. Leasing object can be insured against the risk of loss (death), losses or damages from the date of delivery of the property of the seller until the expiry of the leasing contract, unless otherwise provided by the contract. The parties, acting as the insured and the beneficiary, as well as the period of insurance of leasing object is determined by the lease agreement. (As amended by the Federal law of the 29.01.2002 N 10-FZ)
2. insurance business (financial) risks is carried out by agreement of the parties to the contract of lease and not necessarily.
(Paragraph 3 deleted item 4 is considered a federal law, paragraph 3 of the 29.01.2002 N 10-FZ)
3. The lessee shall in the cases provided for by the legislation of the Russian Federation, must insure its responsibility for fulfilling the obligations arising from harm to life, health or property of other persons in the course of the leasing of property.
4. The lessee shall be entitled to insure the risk of its liability for breach of a lease contract in favour of the lessor. (Para supplemented by federal law from 29.01.2002 N 10-FL) Article 22. Risk allocation between the parties of the lease agreement (as amended by the Federal law of the 29.01.2002 N 10-FZ dated December 30, 2008) 1. Responsibility for the safety of the subject of leasing of all types of property damage, as well as the risks associated with his death, loss, damage, theft, premature breakage, blunder when it installation or operation, and other property risks since the actual acceptance of the subject of leasing is vested in the lessee, unless otherwise provided by the contract of leasing.
2. the risk of failure by the seller obligations under the agreement of purchase and sale of the subject of leasing and related losses side of the leasing contract, which chose the seller, unless otherwise provided by the contract of leasing. (As amended by the Federal law of the 29.01.2002 N 10-FZ)
3. Risk of inconsistency of the subject of leasing purposes use this item on lease contract and related losses rests with the party that chose the subject of lease, unless otherwise provided by the contract of leasing. (As amended by the Federal law of the 29.01.2002 N 10-FL) Article 23. Foreclosure of third persons for the purpose of leasing (as amended by the Federal law of the 29.01.2002 N 10-FZ dated December 30, 2008) 1. The lease object can not be levied a third person for the obligations of the lessee, including in cases where the leasing object is registered in the name of the lessee.
2. Recovery of third parties, turned the property of the lessor, can be attributed only to the object of the right of ownership of the lessor in respect of the subject of leasing. To the acquirer of the rights of the lessor in respect of leased assets as a result of satisfaction of penalty mandatorily transferred not only rights but also obligations of the lessor, as defined in the lease contract. (Paragraph 1 deleted paragraphs 2 and 3 are considered paragraphs 1 and 2, respectively, of the Federal Act of the 29.01.2002 N 10-FL) Article 24. (Deleted-the Federal law dated 29.01.2002 N 10-FZ), Article 25. (Deleted-the Federal law dated 29.01.2002 N 10-FL) Article 26. Duties of the lessee in case of loss of the object of lease leased assets Loss or loss of subject of leasing its functions through the fault of the lessee does not release the lessee from the obligations under the lease contract, lease contract provides otherwise. (As amended by the Federal law of the 29.01.2002 N 10-FZ), chap. III. ECONOMIC FOUNDATIONS of LEASING Article 27. (Deleted-the Federal law dated 29.01.2002 N 10-FL) Article 28. Leasing payments (as amended by the Federal law of the 29.01.2002 N 10-FZ dated December 30, 2008) 1. Under the leasing payments refers to the total amount of payments for the lease contract for the whole duration of the leasing contract, which includes reimbursement of expenses of lessor, relating to the acquisition and transfer of the subject of leasing to the lessee, reimbursement of expenses related to the provision of other services in the leasing agreement, as well as income from the lessor. The total amount of the lease contract may include a redemption price of the object of lease if the lease agreement provides for the transfer of ownership of the leased asset to the lessee. (As amended by the Federal law of the 29.01.2002 N 10-FZ)
2. Size, way of implementation and periodicity of leasing payments is determined by the lease agreement, taking into account the present Federal law.

If the lessee and lessor shall carry out calculations on leasing payments products (in-kind), produced with the help of object of lease price for such products shall be determined by agreement of the parties to the contract of leasing.
Unless otherwise provided by the contract of lease, the size of the lease payments can be changed by agreement of the parties within the time limits provided for by the Treaty, but not more than once every three months. (The paragraph is supplemented by federal law from 29.01.2002 N 10-FZ)
3. obligations of the lessee under the lease payments occur since the beginning of the use of the leased asset by the lessee, unless otherwise provided by the contract of leasing.
4. For the purposes of taxation of the leasing payments are in accordance with the legislation on taxes and fees to the costs associated with the production and (or) implementation. (Paras. 3 and 5 are excluded, paras 4 and 6 points respectively, are considered 3 and 4-the Federal law dated 29.01.2002 N 10-FL) Article 29. (Deleted-the Federal law dated 29.01.2002 N 10-FL) Article 30. (Deleted-the Federal law dated 29.01.2002 N 10-FL) Article 31. (Repealed-federal law 04.11.2014 N 344-FZ), Article 32. (Deleted-the Federal law dated 29.01.2002 N 10-FL) Article 33. (Deleted-the Federal law dated 29.01.2002 N 10-FL) Article 34. (Repealed-federal law on Jul 18, 2005 N 90-FZ) Article 35. Prevention, control and suppression of monopolistic activity and unfair competition prevention, control and suppression of monopolistic activity and unfair competition in the leasing market is provided by the Federal Antimonopoly body in compliance with antimonopoly legislation of the Russian Federation.
CHAPTER IV. STATE SUPPORT for LEASING ACTIVITIES Article 36. Measures of State support for leasing activities (as amended by the Federal law of the 29.01.2002 N 10-FZ) Measures of State support for the activities of leasing companies (companies, firms), established by the laws of the Russian Federation and the decisions of the Government of the Russian Federation, as well as the decisions of the organs of State power of the constituent entities of the Russian Federation, within the limits of their competence can be: the development and implementation of the federal programme for the development of leasing activity in the Russian Federation or in particular region as part of the programmes of the medium-term and long-term socio-economic development of the Russian Federation or region;
establishment of funds to provide mortgage banking investment in leasing with use of State property;
participation of the State capital in infrastructure leasing activity in selected target investment and leasing projects;
(The paragraph excluded the Federal law from 29.01.2002 N 10-FZ) measures the State protectionism in the field of development, production and use of knowledge-intensive high-tech equipment;
funding from the federal budget and the provision of State guarantees in order to realize leasing projects (development budget of the Russian Federation), including with the participation of non-resident companies;
providing investment loans to realize leasing projects;
providing banks and other credit institutions in accordance with the legislation of the Russian Federation, the tax exemption on income derived from the provision of credit to the subjects of leasing, for a period of not less than three years for the implementation of the leasing agreement;
the provision of statutory tax and credit privileges to leasing companies (firms) in order to create favourable economic conditions for their activities;
creation, development, building and improving the legal framework for the protection of the legal interests of the participants and property leasing activities; (As amended by the Federal law of the 29.01.2002 N 10-FZ)
(The paragraph excluded the Federal law from 29.01.2002 N 10-FZ) providing lessees, leading processing or harvesting agricultural products right to the lease payments supply products under the conditions laid down in the treaties of leasing;
assignment in carrying out leasing operations in the agricultural sector to the subject of leasing of breeding animals;
the establishment of a Fund for State guarantees for export in the international leasing of machines and equipment.
Chapter v. the RIGHT to INSPECT and control Article 37. The right to inspect on leasing transaction 1. The lessor has the right to monitor compliance with the provisions of the lease contract by the lessee and other related treaties.
2. Purpose and procedure of inspection shall be stipulated in the leasing agreement and other related treaties between their parties.
3. The lessee shall be obliged to ensure that the lessor has unimpeded access to financial documents and subject-matter of the lease.
Article 38. The right of the lessor for financial control

1. Lessor is entitled to financial control over the activities of the lessee as it relates to the subject of leasing, formation of the financial performance of the lessee and lessee execution of obligations under the lease contract.
2. purpose and order of financial control provides for the leasing agreement.
3. The lessor has the right to send the lessee in writing requests for information needed for the conduct of financial supervision, but that the lessee is obliged to respond to such requests.
4. (deleted in accordance with Federal Act from 29.01.2002 N 10-FZ), CHAP. VI. FINAL PROVISIONS Article 39. The entry into force of this federal law this federal law shall enter into force on the day of its official publication.
The President of the Russian Federation to bring its normative acts in compliance with this federal law.
The Government of the Russian Federation for six months will bring its normative acts in compliance with this federal law.
The President of the Russian Federation, b. Yeltsin, Kremlin, Moscow October 29, 1998 N 164-FZ