Article 26. Property of a State Institution

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

1. State-owned property assigned by the owner to a state institution (organization) maintained by the state budget shall be under the operational management of that institution (organization).

2. State institutions (organizations) maintained by the state budget, in cases provided for by the legislation of the Republic of Uzbekistan, may engage in economic activity and shall have the right to independently dispose of the income from such activity and the property acquired at the expense of such income.

3. A state institution (organization) shall be liable for its obligations with the monetary funds at its disposal. If the funds of the state institution (organization) are insufficient, the owner of the relevant property shall bear liability for its obligations.

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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 26. Property of a State Institution On property in the Republic of Uzbekistan (152-XII-son). neolex.uz/en/laws/law-111455/26 (lex.uz/docs/6803795)