Colombian Commercial Code - Decree 410 of 1971 - Book IV - Of Contracts and Corporate Obligations - Title XVII - Of the Bank Agreements - Chapter I - Checking Account - From: Section 1382 to: 1392 Art
TITLE XVII
BANK OF CONTRACTS
CHAPTER I
Bank current account
Section 1382 .- By the contract of deposit checking account, the account holder acquires ability to record amounts of money and checks in a bank and to have all or part of their balances by check writing or otherwise previously agreed with the bank.
Any deposit made in the light delivered means checking account, unless otherwise agreed.
Section 1383 .- All checks except consigned means good payment, unless there is stipulation to the contrary.
Section 1384 .- Of deposits in current account opened on behalf of two or more persons may have either of them, unless otherwise agreed with the bank.
The account holders are joint debtors balances by the collective account.
Section 1385 .- The bank may, unless otherwise agreed, credit or debit the current account holder the amount of binding obligations that are reciprocally debtors or creditors.
This compensation shall not apply in case of group accounts for debts that are borne by all holders of current accounts.
Nor will operate when the current account or any account holders has been declared (bankruptcy)
Any deposit made in the light delivered means checking account, unless otherwise agreed.
Section 1383 .- All checks except consigned means good payment, unless there is stipulation to the contrary.
Section 1384 .- Of deposits in current account opened on behalf of two or more persons may have either of them, unless otherwise agreed with the bank.
The account holders are joint debtors balances by the collective account.
Section 1385 .- The bank may, unless otherwise agreed, credit or debit the current account holder the amount of binding obligations that are reciprocally debtors or creditors.
This compensation shall not apply in case of group accounts for debts that are borne by all holders of current accounts.
Nor will operate when the current account or any account holders has been declared (bankruptcy)
* or has been opened (bankruptcy) *.
* Open compulsory liquidation proceedings.
Section 1386 .- Constitutes full proof of the appropriation current account deposit slip issued by the bank.
Proof of receipt of the checkbook, signed by the account holder, is conclusive evidence of that fact.
Section 1387 .- The seizure of funds deposited on current account balance will affect both current time and date the bank receives the communication from the judge, as the amounts deposited subsequent to the limit specified in the respective order. For this purpose, the bank noted on the card of the depositor the time and date of receipt of the garnishment order, and put the balances available to the court, failing to respond for the damages caused to the arrestor.
Section 1388 .- Repealed. Act 45 of 1990, Art 99.
Section 1389 .- Each party may terminate the contract at any time, in which case the account holder will be required to repay the bank the unused check forms.
For the bank to unilaterally terminate the contract shall, however, pay checks drawn as long as funding.
Section 1390 .- The death or incapacity supervening the account holder does not release the bank from the obligation to pay the check.
Section 1391 .- A bank is responsible for paying the account holder to make a fake check or whose quantity has been altered, unless the account holder has given rise to it his fault or that of your dependents, factors or agents.
The bank's liability shall cease if the account holder not informed him of the falsity or adulteration of the check, within six months from the date the information was sent on such payment.
Section 1392 .- The deposits that are not in bank account shall be entered in a title developed for this purpose and will be repayable on demand by the person on whose behalf they are issued.
* Open compulsory liquidation proceedings.
Section 1386 .- Constitutes full proof of the appropriation current account deposit slip issued by the bank.
Proof of receipt of the checkbook, signed by the account holder, is conclusive evidence of that fact.
Section 1387 .- The seizure of funds deposited on current account balance will affect both current time and date the bank receives the communication from the judge, as the amounts deposited subsequent to the limit specified in the respective order. For this purpose, the bank noted on the card of the depositor the time and date of receipt of the garnishment order, and put the balances available to the court, failing to respond for the damages caused to the arrestor.
Section 1388 .- Repealed. Act 45 of 1990, Art 99.
Section 1389 .- Each party may terminate the contract at any time, in which case the account holder will be required to repay the bank the unused check forms.
For the bank to unilaterally terminate the contract shall, however, pay checks drawn as long as funding.
Section 1390 .- The death or incapacity supervening the account holder does not release the bank from the obligation to pay the check.
Section 1391 .- A bank is responsible for paying the account holder to make a fake check or whose quantity has been altered, unless the account holder has given rise to it his fault or that of your dependents, factors or agents.
The bank's liability shall cease if the account holder not informed him of the falsity or adulteration of the check, within six months from the date the information was sent on such payment.
Section 1392 .- The deposits that are not in bank account shall be entered in a title developed for this purpose and will be repayable on demand by the person on whose behalf they are issued.
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