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Legal entity


1. A legal entity shall be deemed an organization which owns separate property, holds it under economic management or operational control, is liable for its obligations with this property, may acquire and exercise property rights and non-property personal rights in its own name, bear obligations, and act as a plaintiff or defendant in court

Source: "Civil Code of the Russian Federation (Part One)" dated November 30, 1994, No. 51-FZ (as amended on December 3, 2012)

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