|
Definition and Form
Article 426
- (1)
- Under a current account contract a bank shall open an account of a person through which it shall, in return for payment, accept and effect on his instructions payments within the limits of the amounts available.
- (2)
- A current account contract shall be concluded in writing.
Fees, Expenses and Interest
Article 427
- (1)
- The holder of the account shall owe to the bank a fee and the expenses made pertaining to operations effected.
- (2)
- The bank shall owe to the holder the interest agreed.
Notification
Article 428
The bank shall notify the holder of an account about operations effected, by a procedure and manner agreed between them, and unless otherwise agreed, monthly in writing. Provided the holder does contest the operation in writing within two weeks following the receipt of the notification, it shall be considered that he has approved it.
Application of other Provisions
Article 429
The provisions of the contract of mandate shall apply mutatis mutandis to the current account contract unless the circumstances indicate otherwise.
|
