of April 5, 2002 No. 360-II
About guarantees of protection of deposits of citizens in banks
The purpose of this Law is regulation of the relations in the field of ensuring protection of deposits of citizens of the Republic of Uzbekistan, foreign citizens and stateless persons (further - citizens) in banks of the Republic of Uzbekistan (further - banks).
The legislation on guarantees of protection of deposits of citizens in banks consists of this Law and other acts of the legislation.
If the international treaty of the Republic of Uzbekistan establishes other rules, than those which are stipulated by the legislation the Republic of Uzbekistan about guarantees of protection of deposits of citizens in banks then are applied rules of the international treaty.
Subject to guaranteeing are deposits of citizens in banks.
According to this Law subject to guaranteeing is not money:
in deposits of citizens in banks on which the legislation provides special procedure for guaranteeing;
delivered by citizens to banks in trust management;
being on accounts to bearer;
placed on accounts of the physical persons which are engaged in business activity without formation of legal entity if these accounts are opened in connection with the specified activities;
placed in the deposits of citizens in banks pledged on security obligations to this bank or the third parties;
placed in foreign subsidiaries of banks.
For realization of the purpose of this Law the Fund of guaranteeing deposits of citizens in banks is created (further - Fund).
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The document ceased to be valid since February 19, 2025 according to article 48 of the Law of the Republic of Uzbekistan of February 18, 2025 No. ZRU-1031