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Deposit Contract

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Chapter Summary

This chapter on deposit contract contains several articles concerning the general provisions, personal deposit contract and unit deposit contract. Natural persons, juristic persons and unincorporated associations with the capacity to possess civil rights and perform civil acts may be the depositor according to the provisions of law. A deposit contract shall adopt the forms provided by law, by which after the depositor delivers the currency to the financial institution, the financial institution shall deliver a written deposit voucher to the depositor. Personal deposit contract refers to a deposit contract in which the depositor is a natural person. When a juristic person or an incorporated association becomes a depositor, it shall follow the State's management regulations regarding bank accounts and cash.

Keywords: civil acts; deposit contract



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