CHAPTER THREE
OPERATION OF BUSINESS
ENTITIES
WITH FOREIGN INVESTMENT
Article 13. Valuation of Tangible and Intangible Assets
1. The value of tangible and intangible
assets which will be contributed by the investors to the share capital
of the business entity with foreign investment shall be mutually
agreed to by the investors and be estimated in a freely convertible currency
and in tugrigs on the basis of a common principle of valuation.
2. Conversion of tugrigs into
a freely convertible currency shall be made at the rate of exchange
fixed by Mongol Bank and applicable at the time of valuation.