PL EN


2005 | 8 | 4(29) | 120-128
Article title

Legal Basis for Running SKOK Credit Union Account

Authors
Title variants
Languages of publication
PL
Abstracts
EN
'SKOK' credit unions emerging from the famous Stefczyk credit union tradition run diverse activities although within certain subjective and objective boundaries. 'SKOK' credit unions can act only on behalf of their members and they can only act according to the enumerative list of activities listed in the Cooperative Credit Union Act. One of the essential services operated by the credit unions is running members' accounts. There are two regulations concerning account's legal status. The basic aspects are determined by article 725 and following ones of the Civil Code. This regulation is therefore fully applicable to the credit union account agreement. Nevertheless, some specific question concerning bank accounts are regulated by the Banking Law. There is no particular paragraph referring to them. So those regulations can be applied by analogy although not all of them are applicable. The credit union accounts are - in many legal Acts - as a rule treated equally as bank accounts in ability to payments to and from the account. Yet the lawmakers are not being fully consequent as some Parliamentary Acts (like for instance the Non-Professional Soldiers' Benefits Act) stipulate that some benefits can be paid only to the bank account and not to the credit union account. In author's opinion this is infringing of Polish Constitution and the regulation should be changed de lege ferenda.
Year
Volume
8
Issue
Pages
120-128
Physical description
Document type
ARTICLE
Contributors
author
  • P. Gluchowski, no address given, contact the journal editor
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
06PLAAAA01443192
YADDA identifier
bwmeta1.element.d02a3112-6019-38de-9eb0-3b6eba6b9ec0
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