Checks

Excerpts:

How does Iranian law define a check?

Article 310 of the Commercial Code of Iran stipulates a check is a document in accordance with which the drawer withdraws or transfers to another person, all or part of the cash he holds with the drawee. The drawee is usually a bank branch.

Are there specific laws regarding checks?

Matters related to checks are defined under the regulations set out in Articles 310-317 of the Commercial Code and also in all the articles of the Check Law.


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