ENFORCEMENT DECREE OF THE ILLEGAL CHECK CONTROL ACT
Wholly Amended by Presidential Decree No. 4627, Feb. 16, 1970
Amended by Presidential Decree No. 23365, Dec. 13, 2011
[This Article Wholly Amended by Presidential Decree. No. 23365, Dec. 13, 2011]
(1) | The term "financial institution" referred to in the Illegal Check Control Act (hereinafter referred to as the "Act") means a bank, or a person or institution deemed equivalent to a bank, which is engaged in the business of the payment against checks pursuant to the Check Act and other Acts and subordinate statutes. |
(2) | The term "name of a fictitious person" referred to in Article 2 (1) 1 of the Act refers to a case where the name of the issuer of a check is not the same as the name on the relevant resident registration card, if the check has been issued by an individual, or is not the same as the company name or title on the certificate of the relevant corporate register, if the check has been issued by a corporation. |
[This Article Wholly Amended by Presidential Decree. No. 23365, Dec. 13, 2011]
ADDENDUM
This Decree shall enter into force on the date of its promulgation.
ADDENDUM<Presidential Decree No. 23365, Dec. 13, 2011>
This Decree shall enter into force on the date of its promulgation.