Article 295. The rights of the owner in respect of property under economic management.

1. In accordance with the law, the owner of property under economic management decides on the creation of an enterprise, the definition of the object and purpose of its activity, its reorganization and liquidation, appoints the director (manager) of the enterprise, monitors the use and purpose of the property belonging to the enterprise. The owner has the right to receive part of the profits from the use of property under the economic jurisdiction of the enterprise. 2. An enterprise shall not have the right to sell real estate belonging to it on the right of economic management, lease it, pledge it, contribute as a contribution to the authorized (share) capital of business companies and partnerships or otherwise dispose of this property without the owner’s consent. It manages the rest of the property belonging to the enterprise independently, with the exception of cases established by law or other legal acts.

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References to other articles of chapter 19. The right of economic management, the right of operational management:
Article 294. The right of economic management.
Article 296. Right of operational management.
Article 297. Disposition of the property of a state-owned enterprise.
Article 298. Disposition of the property of the institution.
Article 299. The acquisition and termination of the right of economic management and the right of operational management.
Article 300. The preservation of rights to property upon the transition of an enterprise or institution to another owner.