Act No. 84 / 1995 Coll.
Act amending and supplementing Act No. 530 / 1990 Coll., on bonds, as amended, Act No. 513 / 1991 Coll., Commercial Code, as amended, Act No. 328 / 1991 Coll., on bankruptcy and settlement, as amended, Act No. 99 / 1963 Coll., Civil Code, as amended, and Act No. 21 / 1992 Coll., on banks, as amended
Valid
Law
Effective from 01.07.1995
84
THE LAW
of 18 April 1995
amending and supplementing Act No. 530 / 1990 Coll., on bonds, as amended, Act No. 513 / 1991 Coll., Commercial Code, as amended, Act No. 328 / 1991 Coll., on bankruptcy and settlement, as amended, Act No. 99 / 1963 Coll., Civil Code, as amended, and Act No. 21 / 1992 Coll., on banks, as amended
Parliament has decided on this law of the Czech Republic:
Act No. 99 / 1963 Coll., Civil Code, as amended by Act No. 36 / 1967 Coll., Act No. 158 / 1969 Coll., Act No. 49 / 1973 Coll., Act No. 20 / 1975 Coll., Act No. 133 / 1982 Coll., Act No. 180 / 1990 Coll., Act No. 328 / 1991 Coll., Act No. 519 / 1991 Coll., Act No. 263 / 1992 Coll., Act No. 24 / 1993 Coll., Act No. 171 / 1993 Coll., Act No. 117 / 1994 Coll., Act No. 152 / 1994 Coll., and Act No. 216 / 1994 Coll., is amended as follows:
1. In Article 337 (1), the following point (b) is inserted after point (a):
"(b) mortgage credit claims serving to cover the nominal value of mortgage bonds,"
2. In Article 337 (1), point (c), the words "claims based on mortgage bonds," shall be deleted.
3. in Article 337 (1), points (b) to (f) shall be renumbered (c) to (g).
Act No. 21 / 1992 Coll., on Banks, as amended by Act No. 264 / 1992 Coll., Act No. 292 / 1993 Coll., Act No. 156 / 1994 Coll. and Act No. 83 / 1995 Coll., is amended as follows:
1. In Paragraph 1, the following paragraph 4 is inserted after paragraph 3, including footnote 1a:
"(4) Only the bank in whose authorisation to act as a bank is expressly mentioned may issue mortgage bonds under the special legislature (1a).
(1a) Act No. 530 / 1990 Coll., on Bonds, as amended. '
2. In Article 1, in paragraph 4, the following is inserted after "3 ':" and 4'.
3. In Paragraph 1, paragraphs 4 to 6 shall be renumbered paragraphs 5 to 7.
4. in Article 5 (3), point (f) shall be deleted;
5. The following Section 11a is inserted after Section 11:
(1) A bank which is entitled to issue mortgage bonds is required to issue the terms of trade for the provision of mortgage loans under a special law, (1a) which provides in particular for a procedure for the default of the borrower with repayment of loans or interest and cases of changes on the part of the borrower for which the bank is entitled to require early repayment of the loan.
(2) The bank may not foresee the early repayment of the loan referred to in paragraph 1 in the event of its cancellation if the bank is wound up. "
6. Paragraphs 3 and 4 are deleted in Paragraph 17.
7. Paragraph 38 (3) shall be added to point (d), which shall include footnote 9a:
"(d) Ministry of Finance in the exercise of statutory supervision. 9a)
9a) E.g. Act No. 530 / 1990 Coll., as amended. '
8. In Paragraph 40 (1), the words "amending it 'shall be inserted after the words" as a bank'.
9. In Paragraph 40, the following paragraph 2 is inserted after paragraph 1:
"(2) The Czech National Bank decides to change its authorisation to operate as a bank in agreement with the Ministry of Finance. '
Paragraph 2 shall become paragraph 3.
This Act shall take effect on 1 July 1995.
Uhde v. r.
Havel v. r.
Klaus v. r.
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Regulation Information
| Citation | Act No. 84 / 1995 Coll., amending and supplementing Act No. 530 / 1990 Coll., on bonds, as amended, Act No. 513 / 1991 Coll., Commercial Code, as amended, Act No. 328 / 1991 Coll., on bankruptcy and settlement, as amended, Act No. 99 / 1963 Coll., Civil Code, as amended, and Act No. 21 / 1992 Coll., on banks, as amended |
|---|---|
| Regulation Type | Law |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 29.05.1995 |
|---|---|
| Effective from | 01.07.1995 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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