Encyclopedia

Developer's Manager


The developer's manager is a person performing the functions of the sole executive body of the developer, a person who is a member of the collective executive body of the developer, or a person performing the functions of the sole executive body of the managing company if it performs the functions of the sole executive body of the developer, or a temporary sole executive body of the developer (hereinafter referred to as the developer's manager), a physical person who ultimately directly or indirectly (through third parties) owns (has a majority stake of more than twenty-five percent in the capital) a corporate legal entity - the developer, the chief accountant of the developer1.

The head of the developer is a collegial executive body of the developer, a single executive body of the developer, or a management company, if it performs the functions of a single executive body of the developer, or a temporary single executive body of the developer2.

  1. Federal Law No. 218-FZ dated 29.07.2017 "On the Public-Legal Entity for Protecting the Rights of Citizens - Participants in Shared Construction in Cases of Insolvency (Bankruptcy) of Developers and on Amending Certain Legislative Acts of the Russian Federation". 2017, as amended on 01.01.2022, Article 16, Subparagraph 1.7. ↩

  2. Federal Law No. 218-FZ of July 29, 2017 "On the Public Legal Entity for Protecting the Rights of Citizens - Participants in Shared Construction in Cases of Insolvency (Bankruptcy) of Developers and on Amending Certain Legislative Acts of the Russian Federation". 2017, as amended on January 1, 2022, Article 16, paragraph 1. ↩

Laws with commentary

Codes and federal laws