Article 4. Mutual fund

On investment and mutual funds (LRU-392-son) · Date: 25.08.2015 · In force

A mutual fund is a combination of funds of two or more persons — investors, transferred by them to trust for the purpose of carrying out investment activities.

Mutual fund may be of the following type:

with the obligation to redeem issued investment units to the trustee at the expense of the fund;

without the obligation to repurchase issued investment units by the trustee at the expense of the fund.

The type of mutual fund is indicated in the mutual trust agreement.

A mutual fund is not a legal entity.

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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/4610865

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Cite as: Article 4. Mutual fund On investment and mutual funds (LRU-392-son). neolex.uz/en/laws/law-2731865/4 (lex.uz/docs/4610865)