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 FEDERAL LAW
NO. 140-FZ OF JULY 8, 1999
ON AMENDING THE FEDERAL LAW
ON NON-COMMERCIAL ORGANIZATIONS

Adopted
by the State Duma June 25, 1999

Approved
by the Federation Council July 2, 1999

Article 1. An article of the following wording is hereby added to the Federal Law on
Non-Commercial Organizations (Collection of the Legislation of the Russian Federation, item
145, No. 3, 1996; item 5849, No. 48, 1998):
"Article 7.1. State Corporation
1. The "state corporation" is a non-commercial organization without membership
founded by the Russian Federation on the basis of a property contribution and set up to
pursue social, managerial and other functions of public use. The state corporation shall be
set up under a federal law.
The assets handed over to the state corporation by the Russian Federation shall be
property of the state corporation.
The state corporation shall not be liable for the obligations of the Russian Federation
and the Russian Federation shall not be liable for the obligations of the state corporation,
except as otherwise provided in the law whereby the state corporation is formed.
2. The state corporation shall use property for the purposes specified by the law
whereby the state corporation is formed. The state corporation may pursue entrepreneurial
activity only insofar as it serves the attainment of the goals for which it has been set up and
insofar as it complies with these goals.
The state corporation shall publish annual reports on the uses of its assets in keeping
with the law whereby the state corporation is formed.
3. The peculiarities of the legal status of the state corporation shall be defined by the
law whereby the state corporation is formed. To set up a state corporation no constituent
documents shall be needed as required by Article 52 of the Civil Code of the Russian
Federation.
The law whereby a state corporation is formed must provide the name of the state
corporation, goals of its activities, place where it is located, procedure for managing its
activities (including the managerial bodies of the state corporation and procedure for setting
up these bodies, procedure for appointing and dismissing the officials of the state
corporation), procedure for reorganizing and liquidating the state corporation and procedure
for using the assets of the state corporation in the event of the liquidation thereof.
4. The provisions of the present Federal Law shall apply to the state corporation,
except as otherwise provided in the present article or the law whereby the state corporation is
formed.".

Article 2. The President of the Russian Federation is hereby proposed and the
Government of the Russian Federation is hereby instructed to bring their regulatory legal acts
in conformity with the present Federal Law.
 Article 3. The present Federal Law shall come into force as of the date of the official
publication thereof.

President
of the Russian Federation B.Yeltsin

Moscow, the Kremlin