Encyclopedia

Non-profit organization Fund


The Non-Profit Fund Organization - a unitary non-profit organization in the organizational and legal form of a fund (hereinafter referred to as the Non-Profit Fund Organization), which receives the property of the developer, including rights to land plots with inseparable improvements, infrastructure objects, land plots (rights to land plots) intended for placing infrastructure objects specified in paragraph 5-1 of part 1 of article 3 of this Federal law, and obligations towards construction participants in accordance with articles 201-15-1, 201-15-2 and 201-15-2-1 of the Federal Law of October 26, 2002 No. 127-FZ "On Insolvency (Bankruptcy)" (ceased to be in force as of June 27, 2019)1.

  1. Federal Law No. 218-FZ dated 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 November 28, 2018, Article 9-1, paragraph 1, ceased to be in force from June 27, 2019. ↩

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