Article 860.11: Contract of the public deposit account

1. Under a public deposit account contract concluded for the purpose of depositing funds in the cases provided for by law, the bank undertakes to accept and deposit money in favour of the beneficiary. e funds from the debtor or other person (depositor) referred to in the law to an account opened to the holder of the account (notary, bailiff service, court and other authorities or persons who, A public deposit account may be opened in Russian credit organizations whose own funds (capital) are of which At least 20 billion rubles carry. Within a month of the date on which the owner of the public deposit account became aware or should have known that the capital value of the credit It is obliged to close its public account with that credit organization and to transfer all funds from it to another public deposit account of its own. 2. Under a contract of the public deposit account, the bank is not entitled to control the conformity of the transactions. 3. The deposit rules established by law, unless otherwise provided by law, shall be deposited in a public deposit account. A claim against the holder of the account in respect of these funds is made by the person in whose favour they are deposited (beneficiary). 4. The beneficiary may request the holder of the transfer (transfer) account to the beneficiary of the money in the public interest. A deposit account on the grounds and in accordance with the procedure provided for by law.