Student id no.: 12920201156893

2.5. Production cooperatives
According to the article 69 of the Civil code of the Republic of Uzbekistan a production cooperative is a voluntary association of citizens on the basis of membership for joint production or other economic activity based on their personal participation and the association of property share contributions by its members (participants). The law and the constituent documents of a production cooperative may also provide for participation in its activities on the basis of membership of legal entities. The members of the production cooperative bear subsidiary responsibility for the obligations of the cooperative in the amounts and in the manner prescribed by law and the charter of the cooperative. The company name of the cooperative must contain its name, as well as the words "production cooperative".
In the Civil code of China, we can see similar for-profit organization. An urban or rural economic cooperative attains the status of a legal person in accordance with law. Where there are laws or administrative regulations providing for urban and rural economic cooperatives, such provisions shall be followed. Moreover, An urban residents’ committee or a villagers’ committee, as a primary-level self-governing organization, attains the status of a legal person, and may engage in civil activities necessary for the performance of their responsibilities. Where there is no village economic collective established, the villagers’ 20 committee may, in accordance with law, perform the responsibilities of a village economic collective

3. 
   Conclusion
   

A for-profit (commercial) legal entity in Uzbek and Chinese legislation is an organization recognized by the state as a subject of law, which possesses separate property, is independently responsible for its obligations with this property and acts in civil turnover on its own behalf.
The classification of the for-profit (commercial) legal entities existing in both states’ legislation is due to the transitional nature of the modern domestic economy and unites both state-owned production enterprises on the rights of economic management or operational management, and civil-law forms of legal entities traditional for a market economy (joint-stock companies, join stock limited companies, limited liability companies).
The civil codes and the law of the states specifies a classification where, depending on the nature of the activity, legal entities are divided into different form of commercial entities with the main purpose of making a profit.
All for-profit (commercial) legal entities in the states undergo state registration. The legal capacity of a legal entity arises at the time of its creation, which is timed to its state registration and ends at the time of its exclusion from the unified state register of legal entities.
The laws of the countries fix organizational, structural, property and functional features, determines the legal status, the procedure for the creation, reorganization and liquidation of the for-profit (commercial)legal entities.
Thus, when deciding on the choice of the form of activity in a commercial sphere, it is necessary to study beforehand all the features of legislation defining the position of for-profit legal entities in general (as subjects of civil rights and obligations), and the norms concerning individual organizational and legal forms of legal entities.

1^National People’s Congress, 2020, Civil Code of the People’s Republic of China [Z], 15.

2^Legislative Chamber of the Oliy Majlis of the Republic of Uzbekistan, 1995, Civil Code of The Republic of Uzbekistan [Z], www.lex.uz

3^Rakhmokulov X.R., AsyanovSh.M., 2010, Commentaries on the Civil Code of the Republic of Uzbekistan, [Z],
91-129

4^National People’s Congress, 2020, Civil Code of the People’s Republic of China [Z], 15

5^Legislative Chamber of the Oliy Majlis of the Republic of Uzbekistan, 1995, Civil Code of The Republic of Uzbekistan [Z], www.lex.uz

6^Fifth sessionof the National People’s Congress,1994, Company Law of the People’s Republic of China

7^Legislative Chamber of the Oliy Majlis of the Republic of Uzbekistan, 2014, the law “On joint stock companies and protection of shareholders’ rights” The Republic of Uzbekistan [Z], www.lex.uz