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Per the manufacturer's website, the VPR-12-01 is a fixed stock. "The Vepr 12-01 includes a Molot factory fixed tubular stock. The Vepr 12-03 is very special folding stock version..." http://www.k-var.com/shop/VEPR-12-Series-12-Gauge-Russian-Stamped-Receiver-AK-Style-Shotguns/

a Factory Fixed Position Butt Stock, with no welded hinge mechanism.