Article 193. Liability of Developer

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

The founders (participants), the owner and (or) managers of the developer, whose illegal actions (inaction) led to insolvency, in case of insufficient property of the developer, shall bear subsidiary or joint liability for the obligations of the developer to compensate for the damage caused and shall be deprived of the right to engage in construction activities until the amount of real damage is fully reimbursed.

Open in the readerWith colour highlights, notes, search and a test on the selected text.

All articles of the lawThis article in other languages:ru uz

Source of the text

National Database of Legislation of the Republic of Uzbekistan (lex.uz). Original on lex.uz: lex.uz/docs/6352957

The text is taken from lex.uz automatically and matches it in content: it is the same text, not a separate edition. It is given for educational and reference purposes and the content of the norms is not changed. It is not an official publication: for court, contracts and official answers check the current edition on lex.uz. About

About the site: NEOLEX (veoskill) is an educational project about the law of the Republic of Uzbekistan. It does not replace lex.uz; to the same texts it adds a separate address for every article, plain-word explanations, a glossary, tests and reading in three languages. Contact: Telegram @neovixar.

Cite as: Article 193. Liability of Developer On insolvency (LRU-763-son). neolex.uz/en/laws/law-5957616/193 (lex.uz/docs/6352957)