Article 358.9: Basic provisions on security of rights under a bank account contract

1. The subject of the pledge may be rights under the bank account contract, provided that the bank has opened a mortgage account to the client. 2. The pledge holder with the rights under the bank account contract may be: 3. A deposit account may be opened by the bank to the client, regardless of whether the bond was entered into at the time of its opening. 4. A bond of rights under a bank account contract may also be entered into if the bank account is not in possession of the bank account at the time of its conclusion. 5. A security agreement other than a right under a bank account contract may provide that the money due to the pledgeor (insurance compensation for loss or damage) e/ Encumbered property, proceeds from the use of the encumbranced property, sums of money to be paid to the pledgeor for the performance of the obligation to which the right(s) is(are) subject, etc.) 6. Certification of the bank ' s obligation under the client ' s bond account agreement to issue the bank ' s securities is not permitted. The rules of chapter 45 of the present Code apply to the bond agreement under articles 358.10 to 358.14 of the present Code. 9. The rules on the write-off of funds, presuppliers, apply to the security of rights under the bank account contract (current article and articles 358.10 to 358.14) respectively. The provisions of Chapters 45 of the present Banking Accounts Code do not apply to funds held in a mortgage account.