LAW OF THE REPUBLIC OF ARMENIA

of November 19, 2001 No. ZR-248

About the state non-profit organizations

Accepted by National Assembly of the Republic of Armenia on October 23, 2001

Chapter 1. General provisions

Article 1. Subject of regulation of the Law

This Law establishes legal status of the state non-profit organizations (further - the state organization), procedure for their creation, activities, reorganization and liquidation, and also the relation of the state organization with state bodies.

Article 2. Legislation on the state organizations

1. The legislation on the state organizations consists of the Civil code of the Republic of Armenia, this Law, other laws and legal acts, and also international treaties of the Republic of Armenia.

2. Features of legal status of the state organization, procedure for its creation, activities, reorganization and liquidation, and also relations of the state organization with state bodies can be established by the law.

Article 3. Basic provisions about the state organization

1. The state organization is the non-profit organization with the status of the legal entity which is not pursuing the profit earning aims which is created only for the purpose of implementation of activities in the field of culture, health care, in the social sphere, in the field of sport, education, science, on environmental protection and other non-commercial areas.

2. The state organization has the allocated property as property and this property answers for the obligations. The state organization can acquire and perform on its own behalf the property and personal non-property rights, perform duties, appear in court as the claimant or the defendant.

3. The state organization has the name which shall contain the words "state non-profit organization", and also specifying on sphere of activity of the state organization if it obviously does not follow from the name.

4. The location of the state organization is the location of its permanent body.

5. The state organization can act as the founder or the member of other organization only for the decision of the founder.

6. The state organization can have round stamp with the image of the State Emblem of the Republic of Armenia and the name of the organization in Armenian. The state organization can have forms with the name, emblem and other means of individualization.

7. The state organization has separate balance.

Article 4. Property of the state organization

1. The property of the state organization is created of the property given it on the property right by the founder under organization of the organization, and also made and acquired subsequently by the state organization during its activities.

The size of the property transferred by the founder of the state organization to the possession under its organization is established by the decision on organization of the state organization. Under organization of the state organization the founder cannot transfer it to the possession property which cost is more than the ten-thousandfold size of minimum wage if the law or the decision of the founder do not provide other.

2. The state organization has the right at discretion according to the law, decisions of the founder and (or) its charter to own, dispose and use the property belonging to it on the property right.

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