of June 14, 2005 No. 926-IIG
About family peasant economy
This Law establishes legal and organizational basis of activities of family peasant economy in the Azerbaijan Republic.
1.1. Family peasant economy - joint implementation of productive and other economic activity (production, processing, storage, transportation and sales of products) in the rural zone the family members and persons acting together with them on the basis of the individual work and property which is at them in property or lease.
1.2. The family peasant economy can consist of one person, family members and persons acting together on the basis of family relations or other relations.
1.3. The family peasant economy is the subject of managing who is engaged in all the types of economic activity which are not prohibited and not limited by the legislation in the rural zone, and its activities are not considered entrepreneurship.
1.4. The status of family peasant economy is drawn up by the document handed to family members by body which keeps their account.
1.5. The upper limit of annual turnover of family peasant economy is set and changes based on the offer of relevant organ of the executive authority relevant organ of the executive authority.
1.6. The family peasant economy is considered begun activities from the date of acceptance on accounting in the procedure established by this Law.
1.7. The family peasant economy is controlled the head of economy elected as his members.
The legislation of the Azerbaijan Republic on family peasant economy includes the Constitution of the Azerbaijan Republic, the Civil code of the Azerbaijan Republic, other laws of the Azerbaijan Republic, this Law, and also other regulatory legal acts adopted according to them.
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