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Crossed cheque
Article 555
- (1)
- The drawer and the bearer of a cheque may cross it with the effect described in Article 556.
- (2)
- The crossing shall be done with two parallel lines on the face.
- (3)
- The crossing may be general or special. The crossing shall be general where it does not contain any provision between the two lines, or contains the provision "bank" or another phrase of equivalent meaning. The crossing shall be special if the name of a bank is written between the two lines.
- (4)
- A general crossing may be transformed into special, but a special crossing may not be transformed into general.
Effect of a crossed cheque
Article 556
- (1)
- A cheque with general crossing may be paid only to a bank or to a customer of the drawee.
- (2)
- A cheque with special crossing may be paid only to the bank indicated or should that bank be the drawee - to its customer. The bank indicated may assign the receiving of the sum under the cheque to another bank.
- (3)
- A cheque may have only one special crossing. Two special crossing are allowed only where one of them is for payment through a clearing house. A cheque which is not in compliance with this provision, may not be paid.
- (4)
- A drawee who violates the requirements of paragraphs 1, 2 and 3 shall be liable for damages to the amount of the sum under the cheque.
Cheque directed to an account
Article 557
- (1)
- The drawer and the bearer of a cheque may prohibit its payment in cash by writing on the face of the cheque the provision "account payee" or another phrase of equivalent meaning.
- (2)
- In the case under paragraph (1) the payment can be effected only to an account. In the case where the account has been indicated as well, the drawee may transfer the sum only to the indicated account. The indication of the account may be done by the drawer and by any holder of the cheque who has established his identity as such.
- (3)
- The crossing out of the provision "account payee" shall be null and void.
- (4)
- A drawee who has paid in violation of paragraphs 1, 2 and 3 shall be liable for damages to the amount of the sum under the cheque.
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