Document from CIS Legislation database © 2003-2022 SojuzPravoInform LLC

LAW OF THE REPUBLIC OF UZBEKISTAN

of August 29, 2003 No. 527-II

About public funds

(as amended on 03-12-2019)

I. General provisions

Article 1. Purpose of this Law

The purpose of this Law is regulation of the relations in the field of creation, activities, reorganization and liquidation of public funds.

Article 2. Legislation on public funds

The legislation on public funds consists of this Law and other acts of the legislation.

Features of the organization, activities, reorganization and liquidation of Public fund for support of non-state non-profit organizations and other institutes of civil society for Oliy Majlis of the Republic of Uzbekistan are regulated by the separate legal act.

If the international treaty of the Republic of Uzbekistan determines other rules by what those which are stipulated by the legislation the Republic of Uzbekistan about public funds then rules of the international treaty are applied.

Article 3. Concept of public fund

Public fund (further - fund) the non-state non-profit organization which does not have membership created by legal and (or) physical persons on the basis of voluntary property contributions pursuing charitable, social, cultural, educational or other socially useful purposes is recognized.

Article 4. Types of funds

In the Republic of Uzbekistan the international, republican and local funds are created and are effective.

Funds which activities according to their charters and the legislation of the Republic of Uzbekistan extend to the territory of the Republic of Uzbekistan and one or more foreign states treat the international funds.

Funds which activities according to their charters extend to the territory of the Republic of Uzbekistan or to the territory of two or more areas treat republican funds (The Republics of Karakalpakstan, the city of Tashkent).

Funds which activities according to their charters extend to the territory of the area(s), city(cities), area or Republic of Karakalpakstan treat local funds.

Article 5. Representations and branches of fund

The fund can open representations and create branches in the territory of the Republic of Uzbekistan and in other states.

Representative office of fund is its separate division located out of the fund location which represents the interests of fund and performs their protection.

Branch of fund is its separate division located out of the location of fund and performing all its functions or part them including functions of representation.

Representations and branches of fund are effective from his name and are responsible before it for accomplishment of the authorized purposes and tasks.

The representations and branches of fund operating in the territory of the Republic of Uzbekistan are not legal entities, except as specified, provided by part two of article 6 of this Law.

The fund allocates representations and branches with property.

The property of representation and branch is considered on separate balance and on balance of fund.

Representations and branches of fund act on the basis of the provision approved by board of fund.

Article 6. Representations and branches of the international and foreign funds

The international and foreign funds can open representations and create branches in the territory of the Republic of Uzbekistan according to the legislation of the Republic of Uzbekistan.

Representations and branches of the international funds which parent organization is outside the Republic of Uzbekistan, and foreign funds, acting in the territory of the Republic of Uzbekistan shall have the status of the legal entity.

The rules established by the legislation of the Republic of Uzbekistan for creation, activities, reorganization and liquidation of funds extend to representations and branches of the international and foreign funds operating in the territory of the Republic of Uzbekistan if other is not established by the law.

Article 7. Guarantees of activities of funds

In the Republic of Uzbekistan freedom of activities of funds, immunity of their property and protection of goodwill is guaranteed.

The property of funds is not subject to nationalization, requisitions and confiscations except as specified provided by the law.

Article 8. Relations of funds with state bodies

Relations of funds with state bodies are under construction on the basis of social partnership, protection of the rights and legitimate interests of legal entities and physical persons.

State bodies provide observance of the rights and legitimate interests of funds, can give support of socially important programs and projects of funds.

Intervention of state bodies and their officials in activities of funds, as well as intervention of funds in activities of state bodies and their officials is not allowed.

II. Procedure for creation and state registration of fund

Article 9. Creation of fund

The fund can be created according to the decision of founders (founder) or according to the will.

Article 10. Founders (founder) of fund

One or several legal and (or) physical persons can be founders (founder) of fund.

Founders (founder) of fund approve the fund charter, appoint members of initial structure of the board of trustees of fund and perform other powers according to this Law and other acts of the legislation.

Article 11. Creation of fund for the will

During creation of fund for the will in the will the purposes and tasks of fund, amount of the transferred property shall be specified and the testamentary executor is determined. The testamentary executor appoints members of initial structure of the board of trustees of fund if they are not specified by name in the will, and also performs other operations connected with creation of fund.

If the testamentary executor refuses making of the actions assigned to it or is not able to make them, the new testamentary executor is appointed according to the legislation.

Article 12. Fund charter

The fund charter affirms founders (founder).

In case of creation of fund for the will the fund charter is constituted by the testamentary executor according to the will.

The fund charter shall contain:

the name of fund including the words "public fund";

location (postal address) of fund;

purpose and tasks of fund;

structure, powers and procedure for forming of bodies of fund;

procedure for appointment (election) and release of officials of bodies of fund;

sources of forming of property of fund, the right and obligation of fund, its representations and branches on property management;

procedure for opening of representations and creation of branches of fund;

procedure for reorganization and liquidation of fund;

procedure for use of property of fund in case of its liquidation;

procedure for modification and amendments in the fund charter.

Warning!!!

This is not a full text of document! Document shown in Demo mode!

If you have active License, please Login, or get License for Full Access.

With Full access you can get: full text of document, original text of document in Russian, attachments (if exist) and see History and Statistics of your work.

Get License for Full Access Now

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

Effectively work with search system

Database include more 50000 documents. You can find needed documents using search system. For effective work you can mix any on documents parameters: country, documents type, date range, teams or tags.
More about search system

Get help

If you cannot find the required document, or you do not know where to begin, go to Help section.

In this section, we’ve tried to describe in detail the features and capabilities of the system, as well as the most effective techniques for working with the database.

You also may open the section Frequently asked questions. This section provides answers to questions set by users.

Search engine created by SojuzPravoInform LLC. UI/UX design by Intelliants.