Article 7. Private Ownership

1. Private ownership consists of the right to possess, use, and dispose of oneʼs property in a private manner. Private ownership may be based on the ownerʼs personal direct participation in the production process and/or the use of hired labor.

2. Private ownership, like other forms of ownership, is inviolable and under state protection. The owner may be deprived of his/her property only in cases and in the manner provided for by law.

3. Private ownership of citizens arises and increases from income derived from employment, entrepreneurial activity, deposits in credit institutions, income from shares and other securities, inheritance, as well as other grounds not prohibited by applicable legislative acts. Citizensʼ private property may also be formed as a result of their participation in the privatization of state property.

4. A citizen shall have the absolute right to dispose of his/her ability to work — labor power. He/she shall exercise this right independently or on the basis of a contract (agreement).

5. A member of a housing cooperative, housing construction, summer house, garage cooperative, or another cooperative shall acquire property rights with respect to the apartment, summer house, garage, or other building or structure allocated for use, after full payment of the share contribution.

The holder of bonds of the “Toshuyjoyjamgʻarmabank” shall acquire rights to the apartment upon full repayment of the preferential loan or full payment of the cost of the apartment being purchased.

A tenant of a dwelling from the state or departmental housing fund and members of his/her family shall have the right to purchase the corresponding apartment or house (or part thereof) from the owner.

After acquiring the property into ownership, the citizen shall have the right to dispose of it at his/her own discretion — to sell, bequeath, lease, pledge, or conclude other transactions with respect thereto that are not contrary to the law.

6. Private ownership may arise from investing oneʼs property as capital, purchasing state, cooperative, or other enterprisesʼ property, purchasing leased property, acquiring property at auction, or on other grounds permitted by law.

7. Objects that may not be privately owned shall be determined by the legislation of the Republic of Uzbekistan.

8. Land plots not designated for agricultural purposes may, under conditions and in the manner established by legislation, be granted into private ownership of legal and natural persons.