LAW OF THE REPUBLIC OF TAJIKISTAN

of November 13, 2024 No. 2111

About modification and amendments in the Law of the Republic of Tajikistan "About finance lease (leasing)"

Accepted by the Resolution MH MOPT of October 9, 2024, No. 1438

Approved by the Resolution MM MORT of November 5, 2024, No. 555

Article 1. Bring in the Law of the Republic of Tajikistan "About finance lease (leasing)" of April 22, 2003 (Akhbori of Majlisi Oli of the Republic of Tajikistan, 2003, No. 4, Art. 139; 2016, No. 3, Art. 153; No. 11, Art. 891; 2019, No. 1, Art. 27) following changes and amendment:

1. To state preamble of the Law in the following edition:

"This Law regulates legal, organizational and economic basis of finance lease (leasing) (further - leasing) and is directed to protection of legitimate rights and interests of subjects of leasing.".

2. State Article 1 in the following edition:

"Article 1. Coverage of this Law

Operation of this Law extends to the relations of leasing activities and leasing of the property relating to not used things, intended for temporary ownership and use in the entrepreneurial purposes.".

3. In Article 2:

- in paragraph six sign of semicolon ";" to replace with point sign;

- to exclude the paragraph of the seventh.

4. To state paragraph two of Article 5 in the following edition:

"-the leasing recipient - the physical person or legal entity accepting on the basis of certain conditions object of leasing in temporary ownership and use;".

5. To exclude from part one of Article 6 of the word of "subhiring of subject".

6. To state part one of Article 7 in the following edition:

"The agreement of leasing is signed in writing and is subject to notarial assurance.".

7. In Article 8 part two:

- in Item) to replace sign of point with sign of semicolon ";";

- add with Item in) the following content:

"c) in case of alienation or pledge of subject of leasing to notify the leasing recipient on the third party rights concerning it.".

8. The fourth Article 15 to exclude part.

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