Article 90. The authorized capital of a limited liability company.
1. The authorized capital of a limited liability company is made up of the value of the contributions of its participants. The authorized capital determines the minimum amount of property of the company, guaranteeing the interests of its creditors. The size of the authorized capital of a company may not be less than the amount determined by the law on limited liability companies. 2. It is not allowed to release a participant of a limited liability company from the obligation to make a contribution to the authorized capital of the company, including by offsetting claims to the company, except as otherwise provided by law. 3. The authorized capital of a limited liability company must be paid at the time of registration of the company by its participants not less than half. The remaining unpaid part of the authorized capital of the company is subject to payment by its participants during the first year of the company. In case of violation of this duty, the company must either declare a decrease in its share capital and register its decrease in the established manner, or cease its activities through liquidation. 4. If at the end of the second or each subsequent fiscal year, the value of the net assets of a limited liability company is less than the authorized capital, the company shall announce a decrease in its authorized capital and register its decrease in the prescribed manner. If the value of the said assets of the company becomes less than the minimum statutory share capital, the company is subject to liquidation. 5. A decrease in the authorized capital of a limited liability company is allowed after notification of all its creditors. The latter shall have the right in this case to demand the early termination or fulfillment of the corresponding obligations of the company and compensation for their losses. The rights and obligations of creditors of credit institutions established in the form of limited liability companies are also determined by laws governing the activities of credit organizations. 6. The increase in the authorized capital of the company is allowed after all the participants make contributions in full.