Act No. 229 / 1949 Coll.
Law on deposit books
Valid
Effective from 05.11.1949
229.
Law
of 14 October 1949
about holding books.
The National Assembly of the Czechoslovak Republic decided on the following Act:
(1) The deposit book is a confirmation of the cash deposit received, adjusted to show changes in the amount of the deposit and its final status. The holding book shall be a security denominated in the bearer, with the exception of postal savings bank, national enterprise, and deposit books referred to in Section 5 (2), which have the character of a security denominated in the name.
(2) What is laid down in this Deposit Book Act also applies to deposit certificates.
(3) Only monetary institutions are entitled to issue holding books, to the extent provided by the Ministry of Finance by the Order in the Official Journal.
(1) The heading of the holding book must contain, in addition to the company and the seat of the money institution which issued the holding book,
(a) the number of the holding book;
(b) the name given by the depositor at the bearer holding book;
(c) the name and address of the owner at the holding book in the name,
(d) the gross interest rate on the deposit, the rates of any deductions and the net interest rate resulting therefrom; any changes to these rates shall be indicated at the time of the presentation of the holding book at the same time as the date from which they apply.
(2) In addition to the particulars referred to in paragraph 1, the deposit book shall contain extracts from the statutes or the Rules of Procedure of the Money Institute to the extent strictly necessary to instruct the depositor.
(3) The name "deposit book" may be used only for holding books issued under this Act.
(4) The issue of holding books without actual deposit is prohibited.
(1) Payments from the holding book may be made by the money institution only if the deposit book is presented to it. Any person who submits a deposit book to the bearer shall be deemed to be a regular holder without an identity card and the amount requested shall be paid to him if the payment is not an obstacle to the proceedings of the death, judicial or other official prohibition issued under the legal provision. A cash institution may refuse payment if it is requested by a person against whom there is a reasonable suspicion that it has acquired the books by a criminal offence. On full payment of the deposit, the deposit book does not return to the owner.
(2) Payment of deposits may, in accordance with the statutes or the Rules of Procedure of the Money Institute, be linked in particular to the signature, the password, the card of proof or the fact that it must be found.
(3) The relevant provisions of Section 23 of the Act of 23 September 1930, No. 143 Coll., on the Postal Savings Bank, as amended by the regulations amending it and supplementing it, apply mutatis mutandis to the amortisation of deposit books.
The claims on and interest on deposit books shall be limited in 40 years. The limitation period shall begin on the date of the last entry in the deposit book. Limit claims on deposits and interest shall be assigned to the reserve fund of the money institution.
(1) The relevant provisions of Act No. 143 / 1930 Coll.
(2) The Minister of Finance may, by regulation, provide that the rules on postal savings accounts (paragraph 1) shall continue to apply to other money institutions' holding books either all or part of them and vice versa.
Anonymous deposits and business secrets concerning them are guaranteed. The reports on books and deposits may only be submitted where the legislation so provides.
The Government may, by regulation, determine the tax and benefit relief for deposits and interest on them.
(1) Those who, contrary to the legislation in force, declare the facts to be kept secret will be punished by the county national committee on administrative misconduct by a fine of up to 100,000 CZK, in case of imavailability by imprisonment within 6 months.
(2) Anyone who otherwise violates the provisions of this law or regulations issued under it will be punished by a fine of up to 50,000 CZK, in case of imperfections by imprisonment within 3 months.
(3) Criminal liability shall prosecute all persons involved in the offence; members of administrative or supervisory bodies and officials responsible also where, by neglecting compulsory care, they have allowed a criminal offence to take place in the monetary institution.
(4) In all cases, the punishment of the culprit shall be without prejudice to the legal right of the administrative authorities to otherwise intervene.
The Act of 10 October 1924, No 239 Coll., on deposit books (sheets), equity banks and the revision of banking institutions, as amended, is repealed.
This Act shall take effect on the day of its publication; It shall be implemented by the Minister for Finance in agreement with the Minister for the Interior.
Gottwald v. r.
Dr John v. r.
Zaporocký v. r.
Cable v. r.
Sign in for notes, favorites and notifications
Regulation Information
| Citation | Act No. 229 / 1949 Coll., on deposit books |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 05.11.1949 |
|---|---|
| Effective from | 05.11.1949 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
Comments 0