FEDERAL LAW OF THE RUSSIAN FEDERATION

of May 23, 2018 No. 120-FZ

About introduction of amendments to article 327 parts one of the Civil code of the Russian Federation and articles 1 and 3 of the Federal law "About Modification of Parts First, Second and Third Civil Code of the Russian Federation"

Accepted by the State Duma on May 15, 2018

Approved by the Federation Council on May 16, 2018

Article 1

Bring 327 parts one of the Civil code of the Russian Federation in Article (The Russian Federation Code, 1994, No. 32, Art. 3301; 2015, No. 10, Art. 1412) following changes:

Item 1.1 to declare 1) invalid;

To add 2) with item 4 of the following content:

"4. In case of transfer to the notary on deposition of movable things (including cash, documentary securities and documents), non-cash or bank entry securities based on the joint statement of the creditor and the debtor to such relations are subject to application of the rule about the agreement of conditional deposition (eskroa) as other is not stipulated by the legislation about notariate and notarial activities.".

Article 2

Bring in the Federal Law of July 29, 2017 No. 259-FZ "About modification of parts first, second and third the Civil code of the Russian Federation" (The Russian Federation Code, 2017, No. 31, the Art. 4808) the following changes:

The paragraph of the seventh of Item 3 of Article 1 to add 1) with the offer of the following content: "The heritable fund is not subject to registration after one year from the date of opening of inheritance.";

Paragraphs two and third Item 3 of Article 3 to state 2) in the following edition:

"5. Integral part of the will which conditions provide creation of heritable fund are the decision of the testator on organization of heritable fund, the fund charter, and also conditions of management of fund. Such will is constituted in triplicate, two of which shall be stored at the notary who certified such will. All copies of the will are subject to the notarial certificate.

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