Article 15. Property of Economic Associations (Unions)

On property in the Republic of Uzbekistan (152-XII-son) · Date: 31.10.1990 · In force

1. An association of enterprises and organisations (including a concern, sectoral, intersectoral or territorial association) shall own the property voluntarily transferred to it by enterprises and organisations, as well as the property acquired as a result of its own economic activities.

2. An economic association shall not have the right of ownership over the property of the enterprises and organizations that are members of the association.

3. After the termination of the activity of an economic association, the remaining property shall be distributed among the enterprises and organizations that were its members on the basis of agreement, taking into account their contributions (shares).

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Source of the text

National Database of Legislation of the Republic of Uzbekistan (lex.uz). Original on lex.uz: lex.uz/docs/6803795

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Cite as: Article 15. Property of Economic Associations (Unions) On property in the Republic of Uzbekistan (152-XII-son). neolex.uz/en/laws/law-111455/15 (lex.uz/docs/6803795)