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BANK ACCOUNTS ARE FORBIDDEN TO "SLEEP"

A&G Information Services,  July, 2005  

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A&G Information Services 07-13-2005 BANK ACCOUNTS ARE FORBIDDEN TO "SLEEP" ST.PETERSBURG, RUSSIA, Jul 13, 2005 (A&G News via COMTEX) -- The State Duma has adopted on the third reading amendments to the article 859 of the Civil Code, concerning annulment of a contract of bank asset.

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The lawmakers allowed banks to close a client's account if during two years there was no money on the account. The accounts, opened before the law has become effective, are also within the force of the law. A contract is considered annulated ...

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