Article 153. Replacement of Debtor's Assets In Process of Liquidation Proceedings

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

Based on the decision of the meeting of creditors, in the course of liquidation proceedings, the debtor's assets may be replaced, provided that all creditors voted for such a decision in accordance with the register of creditors' claims.

The consent of the owner of the debtor's property or the debtor's management body, authorized by the constituent documents to adopt a decision on the conclusion of relevant transactions, to replace the debtor's assets in the course of liquidation proceedings shall not be required.

The replacement of the debtor's assets shall be carried out in the manner and on the conditions determined by Article 131 of this Law.

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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 153. Replacement of Debtor's Assets In Process of Liquidation Proceedings On insolvency (LRU-763-son). neolex.uz/en/laws/law-5957616/153 (lex.uz/docs/6352957)