Advanced Search

About The Translation, And Promissory Note

Original Language Title: О переводном и простом векселе

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$40 per month.
RUSSIAN FEDERATION FEDERAL LAW A bill of exchange Adopted by the State Duma on February 21, 1997 Article 1. In accordance with the international obligations of the Russian Federation deriving from its participation in the Convention of 7 June 1930 establishing the Uniform Act on Bills of Exchange and Promissory Notes, establish that in the territory of the Russian Federation The Decree of the Central Executive Committee and the Council of People's Commissars of the USSR "On the introduction of the regulations on the transfer and a simple promissory note" dated August 7, 1937 N 104/1341 of the orders of the USSR (USSR) (1937, 1937). 221). Article 2. Citizens of the Russian Federation and legal entities of the Russian Federation may be required to take over a bill of exchange and a promissory note. Russian Federation, the constituent entities of the Russian Federation, urban, rural and other municipal entities have the right to be obliged to take over and promissory notes only in cases specifically provided for by federal law. The Russian Federation, the constituent entities of the Russian Federation, the urban, rural and other municipal entities have retained their rewater and promissory notes prior to the entry into force of this Federal Act. the obligations of the Fund. Article 3. With respect to the promissory note payable in the territory of the Russian Federation, the interest and foams referred to in articles 48 and 49 of the A bill of exchange and a promissory noteis paid in the amount of the discount rate set by the Central Bank of the Russian Federation according to the rules established by article 395 Russian Civil Code . Article 4. The bill of exchange must be drawn up only on paper (paper form). Article 5. According to the requirements based on a protest note in a non-payment, non-acceptance and an undated acceptance performed by a notary, in respect of a person, legal person or sole proprietor, is issued a court order and executed The rules laid down in chapter 11-1 and section V of the Code of Civil Procedure of the RSFSR. Article 6. This law shall enter into force on the date of its official publication. Article 7. From the date of the entry into force of this Federal Law, decree of the Presidium of the Supreme Soviet of the RSFSR "On the application of the promissory note in the economic turnover of RSFSR" href=" ?docbody= &prevDoc= 102046068&backlink=1 & &nd=102011837 " target="contents"> dated 24 June 1991 N 1451-I (Congress of People's Deputies of the RSFSR and Supreme Soviet of the RSFSR, 1991, N 31, p. 1024). Article 8. Invite the President of the Russian Federation and instruct the Government of the Russian Federation to bring its normative legal acts into conformity with this Federal Law within three months from the date of the entry into force of this Federal Law. President of the Russian Federation B. Yeltsin Moscow, Kremlin 11 March 1997 N 48-FZ