LAW OF THE REPUBLIC OF UZBEKISTAN

of December 25, 1997 No. 535-I

About sanitation of agricultural enterprises

Article 1. Purpose and main objectives of sanitation of agricultural enterprises

Pre-judicial sanitation (further - sanitation) is performed before initiation of proceedings about insolvency of agricultural enterprises and aims at recovery of solvency, economic solvency of agricultural enterprise and creation of conditions for further implementation of its effective activities.

The main objectives of sanitation of agricultural enterprise are:

implementation of the necessary transformations directed to enhancement of the organization and management of activities of agricultural enterprise;

creation of necessary conditions for production and realization of competitive products;

ensuring its financial stability.

Article 2. Legislation on sanitation of agricultural enterprises

The relations arising in the course of sanitation of agricultural enterprises are regulated by 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 sanitation of agricultural enterprises are applied rules of the international treaty.

Article 3. Objects and subjects of sanitation

Subjects to sanitation are unprofitable, insolvent and economically insolvent agricultural enterprises.

Owners of property of agricultural enterprises, creditors or other legal entities and physical persons can be subjects of sanitation.

Article 4. Forms and main types of sanitation

Sanitation can be carried out with attraction or without involvement of public funds. Involvement of public funds in the course of sanitation is performed only on paid basis.

Main types of sanitation are:

organization of mutual offsetting of debts;

complete or partial redemption of unsettled debts;

delay on tax payment and other obligatory payments according to the legislation and to return of public credits for the term of sanitation;

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