Article 231. Invalidity of Transactions of Debtor Who Is Individual Entrepreneur

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

Transactions of the debtor, who is an individual entrepreneur, connected with the alienation or transfer in any other way of their property to interested parties, after filing an application for declaring the debtor, who is an individual entrepreneur, insolvent in court, shall be deemed void.

At the request of the creditor, the court shall apply the consequences of the invalidity of a void transaction in the form of the return of the property of the debtor, who is an individual entrepreneur, which was the subject of the transaction, to the property of an individual entrepreneur or in the form of foreclosure on the relevant property held by the interested parties.

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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 231. Invalidity of Transactions of Debtor Who Is Individual Entrepreneur On insolvency (LRU-763-son). neolex.uz/en/laws/law-5957616/231 (lex.uz/docs/6352957)