Article 204. Exclusive Powers of Meeting of Creditors In Case of Insolvency of Natural Person

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

The exclusive competence of the meeting of creditors shall include the adoption of:

decision on the election of members of the creditors' committee, determination of the number of members of the committee and early termination of the powers of members;

decision on approval or refusal to approve the natural personʼs debt restructuring plan;

decision to approve or refuse to approve changes to a natural person's debt restructuring plan;

decision to apply to the court with a petition to cancel the debt restructuring plan of a natural person, except for the cases provided for by this Law;

decision to apply to the court with a petition for declaring a natural person bankrupt and initiating the procedure for selling their property, with the exception of cases provided for by this Law;

decision to conclude a settlement agreement.

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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 204. Exclusive Powers of Meeting of Creditors In Case of Insolvency of Natural Person On insolvency (LRU-763-son). neolex.uz/en/laws/law-5957616/204 (lex.uz/docs/6352957)