Can a shareholder exit an Uzbek LLC?

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Yes — exit needs no one’s consent, and the company pays the share’s actual value. No consent Exit is a right — a shareholder may leave regardless of the others’ consent, in the order the law and the founding documents set. The charter Sets the procedure — the charter must state the exit procedure and its consequences. Actual value What the leaver is paid — the share passes to the company, which pays its actual value from the last reporting period’s accounts, or hands over property of the same value by consent. 1 year The payment limit — within a year of the share passing to the company, unless the charter sets a shorter term. The right to exit regardless of the other shareholders’ consent is written into the shareholder’s rights, and the charter must carry the procedure and consequences. On exit the share passes to the company, and the company pays the departing shareholder the share’s actual value — the share’s proportion of net assets — determined from the accounts for the last reporting period before the exit, or, with the shareholder’s consent, gives property of the same value in kind. The payout comes from the difference between net assets and the charter capital; where that difference is short, the company must reduce its capital by the missing amount. Exit is not the only door: shareholders holding a tenth of the capital together may seek the judicial expulsion of a shareholder who obstructs the company, and an expelled shareholder is paid the same actual value.

Can a shareholder exit an Uzbek LLC?

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