Article 62. Special Considerations with Respect to Proceedings in Insolvency Cases of Debtor, which has State Share in Charter Fund (Authorized Capital)

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

If there is a state share in the charter fund (authorized capital) of the debtor, the court shall notify the authorized state body of initiation of insolvency proceedings.

The authorized state body, within two weeks from the date of receipt of the notice of initiation of insolvency proceedings, shall inform the court of its attitude on the advisability or inexpediency of pre-judicial rehabilitation.

If creditors agree to conduct pre-judicial rehabilitation, the insolvency proceedings shall be subject to termination.

In case of disagreement of creditors to conduct pre-judicial rehabilitation, the insolvency proceedings shall be carried out in accordance with the procedure established by 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 62. Special Considerations with Respect to Proceedings in Insolvency Cases of Debtor, which has State Share in Charter Fund (Authorized Capital) On insolvency (LRU-763-son). neolex.uz/en/laws/law-5957616/62 (lex.uz/docs/6352957)