Establishing a System Relating to Accounting for Transferable Securities

Type

Law

Number

159

Date of the text

27/12/1999

Official Gazette

published in 2000

Status today

In force as of 27/08/2026

Articles

7

What it provides

This law allows banks, financial institutions and financial brokerage firms to open managed accounts for financial instruments and bearer securities, and joint accounts for their clients. It sets out the effect of deposits and how owners recover their holdings if the holding institution goes bankrupt or ceases payments

The full text

This act was published in the Lebanese Official Gazette in 2000. Its full text and the original scan are in the Gherbal National Gazette archive.