Article 3. Private enterprise

On private enterprise (558-II-son) · Date: 11.12.2003 · In force

A private enterprise is a commercial organization formed and managed by the owner - one individual. A private enterprise is the legal form of business entities.

Private enterprise has in the property separate property, can own and exercise property and personal non-property rights, bear responsibilities, be a plaintiff and defendant in court by its name.

A private enterprise is liable for its obligations with all property belonging to it.

The owner of the private enterprise in accordance with the legislation bears subsidiary responsibility belonging to his/her property for the obligations of the private enterprises with insufficient assets of the enterprise.

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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/4608601

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Cite as: Article 3. Private enterprise On private enterprise (558-II-son). neolex.uz/en/laws/law-53152/3 (lex.uz/docs/4608601)