of November 19, 1991 No. 425-XII
About privatization and privatization
This law establishes organization-legal bases of transformation of public property of the Republic of Uzbekistan for the purpose of creation of effective, socially oriented market economy.
Privatization - transformation of the state companies and organizations to the economic partnerships and societies, other companies and the organizations which are not in public property.
Privatization - acquisition at the state physical persons and non-state legal entities of objects of public property or shares of the state joint-stock companies.
1. The legislation of the Republic of Uzbekistan on privatization and privatization consists of this law and other legal acts of the Republic of Uzbekistan.
2. The procedure for privatization and privatization of the companies and organizations which are in the territory of the Republic of Karakalpakstan is regulated by also legal acts of the Republic of Karakalpakstan.
3. Privatization and privatization of property of the Republic of Uzbekistan which is outside the Republic is performed according to this law and interstate and intergovernmental agreements.
The basic principles of privatization and privatization are:
determination of forms of privatization and privatization taking into account interests of labor collective;
combination of paid and non-paid nature of cession of property in case of privatization and privatization;
equal rights of citizens on receipt of the ownership ratio which is subject to non-paid and paid privatization;
ensuring social security of all citizens in the conditions of privatization and privatization;
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The document ceased to be valid since May 16, 2024 according to article 42 of the Law of the Republic of Uzbekistan of February 14, 2024 No. ZRU-907