Article 4. Subjects of leasing

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

The subjects of leasing are the lessor, lessee and seller.

The lessor recognizes the person acquiring the object of leasing in the property in order to its subsequent transfer to the lessee in accordance with the leasing contract.

A lessee is a person who acquires a leasing object in his possession and use under a leasing contract.

The seller is the person from whom the lessor acquires the leasing object.

In relation to the specific object of leasing is not allowed to combine in one person of the lender, lessor and lessee in the case when the object of leasing is acquired for the account of the credit (loan) of the lessee.

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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 4. Subjects of leasing On leasing (756-I-son). neolex.uz/en/laws/law-85248/4 (lex.uz/docs/4538319)