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 deb...