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The unitary company on the right of economic management -



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Kobulov\'s STC Final Paper 2021

1. The unitary company on the right of economic management - the unitary enterprise based on the right of economic management is created by the decision of the owner or his authorized body. The constituent document of an enterprise based on the right of economic management is its charter, approved in accordance with the established procedure. The unitary enterprise based on the right of economic management may establish another unitary enterprise as a legal entity by transferring to it, in accordance with the established procedure, a part of its property into economic management (a subsidiary). The founder approves the charter of the subsidiary and appoints its head.
2. The unitary company on the right of operational management - in cases stipulated by the legislation, by the decision of the Government of the Republic of Uzbekistan, a state unitary enterprise based on the right of operational management (state enterprise) may be formed on the basis of state-owned property. The founding document of a state enterprise is its charter. The brand name of a state-owned enterprise based on the right of operational management must contain an indication that the enterprise is state-owned. The State bears subsidiary responsibility for the obligations of a state enterprise if its property is insufficient. A state enterprise may be reorganized or liquidated by the state body by whose decision it was formed.
According to the section 4 of the civil law of China state owned company are belongs to “Special legal persons”. The special legal persons includes State-organ legal persons, rural economic collective legal persons, urban and rural cooperative economic organization legal persons. A State organ with independent budgets or a legally chartered institution assuming administrative functions is qualified as a State-organ legal person from the date of its establishment and may engage in civil activities that are necessary for the performance of its responsibilities. A State-organ legal person terminates when the State organ is closed, and its civil-law rights and obligations are enjoyed and assumed by the succeeding State-organ legal person; in the absence of a succeeding State organ, the said rights and obligations shall be enjoyed and assumed by the State-organ legal person that has made the decision to close it.

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