Law putting into effect the urgent draft law referred to the Chamber of Deputies by Decree No. 1100 of 23 March 1978, amending certain provisions relating to th

Type

Law enacted by Decree

Number

1663

Date of the text

17/01/1979

Official Gazette

published in 1979

Status today

In force, amended as of 27/08/2026

Articles

18

What it provides

This law transfers ownership of the assets and rights of the sequestered banks to the National Deposit Guarantee Institution, which assumes their liabilities. It also merges their accounts, sets the method for determining their deficits, and entrusts their liquidation to a dedicated liquidation body.

What has changed this text

• Amended by Law No. 110/1991 of 07/11/1991, articles 13

The full text

This act was published in the Lebanese Official Gazette in 1979. Its full text and the original scan are in the Gherbal National Gazette archive.