Article 37. Monitoring of privatization processes

On the privatization of state property (907-son) · Date: 14.02.2024 · In force

In the cases provided for by this Law, the control over the fulfilment of the buyer's obligations to pay the purchase price and to comply with the terms and conditions of the sale and purchase agreement for the privatized state property shall be carried out by the authorized state body or its local authorities in accordance with the sale and purchase agreement.

The monitoring of the buyer's performance of its obligations is carried out until the buyer fully complies with the conditions.

In order to monitor the processes of privatization of state property, the authorized state body or its territorial authorities shall

monitor the fulfilment of the conditions for privatization of state property within the terms established by the contract for sale of privatized state property;

request from the buyer information on the reasons for non-fulfilment of contracts for sale and purchase of privatized state property;

in case of non-fulfilment or improper fulfilment of the conditions stipulated in the contracts for sale and purchase of privatized state property, take the measures provided for in these contracts.

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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/6912664

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Cite as: Article 37. Monitoring of privatization processes On the privatization of state property (907-son). neolex.uz/en/laws/law-6800650/37 (lex.uz/docs/6912664)