RUSSIAN FEDERATION FEDERAL LAW On introducing amendments to the Federal Law "On non-profit organizations" Adopted by the State Duma on 25 June 1999 Approved by the Federation Council on 2 July 1999 Article 1. Add the Federal Law on Non-Profit Organizations (Russian Federation Law Assembly, 1996, N 3, art. 145; 1998, N 48, sect. 5849) article reading: " Article 7-1. State Corporation 1. The State Corporation shall recognize a non-profit-making organization established by the Russian Federation on the basis of a property contribution and established to carry out social, managerial or other socially useful functions. The State Corporation is established by federal law. The property transferred to the State Corporation by the Russian Federation is the property of the State Corporation. The State Corporation is not responsible for the obligations of the Russian Federation, and the Russian Federation does not meet the obligations of a public corporation if the law providing for the establishment of a public corporation is not which is different. 2. The State Corporation uses property for the purposes defined by the law providing for the establishment of a public corporation. The State Corporation can carry out business activities only insofar as it serves the purposes for which it is established and its corresponding purposes. The State Corporation is obliged to publish annual reports on the use of its property in accordance with the law providing for the establishment of a public corporation. 3. The legal provisions of the State Corporation are laid down in a law providing for the establishment of a public corporation. The establishment of a State Corporation is not required by the constituent instruments provided for in article 52 of the Civil Code of the Russian Federation. The law providing for the establishment of a state corporation should determine the name of the state corporation, the purpose of its activity, its location, the management of its activities (including the administration of the corporation) the State Corporation and its formation, the procedure for the appointment of public officials and their release), the procedure for the reorganization and liquidation of the State Corporation and the use of State property corporation if liquidated. 4. The provisions of this Federal Law shall apply to public corporations, unless otherwise provided for by this article or by a law providing for the establishment of a public corporation. ". Article 2. OF THE PRESIDENT OF THE RUSSIAN FEDERATION Article 3. This law shall enter into force on the date of its official publication. President of the Russian Federation B. Yeltsin Moscow, Kremlin 8 July 1999 N 140-FZ
