Article 15. The right of ownership to the object of leasing

On leasing (756-I-son) · Date: 14.04.1999 · In force

The ownership right to the leasing object before its purchase by the lessee belongs to the lessor.

The right of ownership to the object of the lease can go to the lessee before the expiry of the term of action of the contract of leasing with the condition of payment of all lease payments over the net of the income of the lessor for the remaining period until the expiration of the term of the contract of leasing, unless otherwise not provided by the contract of leasing.

In the event of a lessee's bankruptcy, seizure, or confiscation of his property, the leasing object is separated from the lessee's total property and is subject to return to the lessor, who may dispose of it at his discretion. The procedure for damages to the lessor is determined by law.

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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/4538319

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Cite as: Article 15. The right of ownership to the object of leasing On leasing (756-I-son). neolex.uz/en/laws/law-85248/15 (lex.uz/docs/4538319)