About The Translation, And Promissory Note

Original Language Title: О переводном и простом векселе

Read the untranslated law here: http://pravo.gov.ru/proxy/ips/?doc_itself=&infostr=x&backlink=1&fulltext=1&nd=102046068

RUSSIAN FEDERATION federal law on conversion and promissory note adopted by the State Duma February 21, 1997 year Article 1. In accordance with the international obligations of the Russian Federation, arising from its participation in the Convention from June 7, 1930 years, establishing a uniform act on the translation and simple Exchange, set that on the territory of the Russian Federation applies the Decree of the Central Executive Committee and the Council of people's commissars of the USSR "on the entry into force of the provisions concerning conversion and promissory note" dated August 7, 1937 N 104/1341 (collection of laws and regulations of the workers ' and peasants ' Government of the USSR , 1937, no. 52, art. 221). Article 2. On translating and promissory right to incur Russian citizens and legal entities of the Russian Federation.
Russian Federation, constituent entities of the Russian Federation, urban, rural settlements and other municipalities have the right to incur on translating and promissory only in cases specifically provided for by federal law.
On translating and promissory, issued by the Russian Federation, constituent entities of the Russian Federation, urban, rural settlements and other municipal entities prior to the entry into force of this federal law, saved previously installed repayment obligations.
Article 3. In respect of promissory notes issued and payable in the territory of the Russian Federation, interest and penalty referred to in articles 48 and 49 of the regulations on conversion and promissory note, shall be paid in the amount of the interest rate established by the Central Bank of the Russian Federation by the rules established in Article 395 of the Civil Code of the Russian Federation.
Article 4. Transferable and simple promissory note shall be compiled only on paper (paper).
Article 5. For claims based on protest promissory notes in insolvencies, neakcepte and nedatirovanii acceptance by the notary, in respect of a natural person, a legal entity or an individual entrepreneur shall be issued a writ and is made pursuant to rules under Chapter 11-1 and section V of the code of civil procedure of the RSFSR.
Article 6. This federal law shall enter into force on the day of its official publication.
Article 7. From the date of entry into force of this federal law shall be invalidated a decree of the Presidium of the Supreme Soviet of the RSFSR "on the application of the Bill of Exchange in the economic turnover of the RSFSR of June 24, 1991 year 1451 N-I (the RSFSR Congress of people's deputies and the Supreme Soviet of the RSFSR, 1991, no. 31, p. 1024).
Article 8. The President of the Russian Federation and to entrust the Government of the Russian Federation to bring its normative acts in compliance with this federal law within three months from the date of entry into force of this federal law.
The President of the Russian Federation, b. Yeltsin, Kremlin, Moscow, N 48 March 11, 1997-FZ