Article 105. Fulfillment of Obligations by Persons Who Provided Security

On insolvency (LRU-763-son) · Date: 12.04.2022 · In force

The right of creditors to demand the fulfillment of obligations from the persons who provided the security shall arise from the moment the court issues a ruling on the termination or completion of the judicial rehabilitation procedure. Claims against persons who have provided security for the fulfillment of obligations shall be presented by a representative of the meeting of creditors (committee of creditors) or a rehabilitation manager.

Monetary funds received as a result of execution by persons who provided security for the fulfillment of obligations shall be transferred to the debtor's account for settlements with creditors. Settlements with creditors shall be carried out by the debtor.

From the moment of submission of evidence of repayment of creditors' claims, the rehabilitation manager shall make an appropriate entry in the register of creditors' claims.

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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/6352957

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Cite as: Article 105. Fulfillment of Obligations by Persons Who Provided Security On insolvency (LRU-763-son). neolex.uz/en/laws/law-5957616/105 (lex.uz/docs/6352957)