LAW OF THE REPUBLIC OF ARMENIA

of December 22, 2017 No. ZR-238

About entering of amendments into the Civil code of the Republic of Armenia

Accepted by National Assembly of the Republic of Armenia on December 6, 2017

Article 1. In Article 928.1 of the Civil code of the Republic of Armenia of May 5, 1998 (further - the Code):

1) part 1 after words", the account of the state assistance" to add with words ", the account of lump money payments, accounts of social security";

Part 3 after the words "invested funds" to add 2) with words ", except for the case specified in Article 928.9".

Article 2. Add the code with Articles 928.8 and 928.9 of the following content:

"Article 928.8. Agreement of the account of lump money payments

1. The agreement signed between the state body authorized by the Government of the Republic of Armenia, and bank on which the bank shall open the bank account (the accounts of lump money payments) based on the data necessary for opening of the bank account provided by the state body authorized by the Government of the Republic of Armenia is considered the agreement of the account of lump money payments and to credit in this respect the amount of the benefits and other money payments of one-time nature provided by programs of social protection (providing) (including issued for certain term), paid only from the government budget of the Republic of Armenia.

2. The template of the agreement of lump money payments, the list of the data necessary for opening of the account of lump money payments, the amounts paid by transfer into the account of lump money payments establishes the Government of the Republic of Armenia.

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info