of July 14, 2015 No. 162
About modification and amendments in the Law of the Kyrgyz Republic "About protection of bank deposits (deposits)"
Accepted by Jogorku Kenesh of the Kyrgyz Republic on June 17, 2015
Article 1. Bring in the Law of the Kyrgyz Republic "About protection of bank deposits (deposits)" (Sheets of Jogorku Kenesh of the Kyrgyz Republic, 2008, No. 5, p. 453) the following changes and amendments:
1. In Article 2:
third to state the paragraph in the following edition:
"Participating bank - the bank entering the Register of banks according to this Law.";
in paragraph four to replace the word "used" with the word "selected";
in paragraph six of the word "Deposit (Contribution)" shall be replaced with words "Contribution (deposit)".
2. In Article 4:
to add part 2 after the words "at the request of the investor" with words "if on these overdue loans and warranties disputes or legal proceedings are not had";
add Article with part 10 of the following content:
"10. In case the legal representative has rights to dispose of the deposit of the minor child or beneficiary specified in bank deposit agreement, compensation is paid to the legal representative.".
3. In Article 5:
in paragraph one of the word "deposits (deposits)" shall be replaced with words "deposits (deposits)";
in Item 1 of the word", placed in bank on favorable terms" to exclude;
declare Item 5 invalid.
4. In Article 6:
in paragraph one of part 1 of figure "15" to replace with figures "10"; exclude the words "in coordination with National Bank";
regarding 2 words "in coordination with National Bank" to exclude.
5. In Article 7:
in parts 2 and 3 of figure "60" to replace with figures "30";
in part 5 of the word "No later than 30 Days from the date of Approach of Warranty Case" shall be replaced with words "No later than 7 days before start date of payment procedure of compensation";
Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info
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