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Safe deposit box rental contract according to Iraqi commercial law | ||
| Journal of Anbar University for Law and Political Sciences | ||
| Volume 14, Issue: 2 part 2, December 2024, Pages 1263-1284 PDF (568.12 K) | ||
| Document Type: Research Paper | ||
| DOI: 10.37651/aujlps.2024.154766.1382 | ||
| Author | ||
| Muhaimin Ismail Kazim* | ||
| Ministry of Higher Education and Scientific Research / Legal Department | ||
| Abstract | ||
| Jurisprudence differed in determining the legal nature of the safe deposit contract. Some considered this contract to be a deposit contract, others considered it a custody contract for the funds deposited in the safe deposit box, and others considered it to be a custody contract for the contents of the safe deposit box. Also, since the safe deposit box rental is a contract, it imposes obligations on the client and the bank, and both parties to the contract must abide by what the contract imposes on them. The Iraqi Commercial Law specified the means of seizing the contents of the bank safe deposit box, including precautionary seizure and executive seizure. This seizure is carried out by the creditor to demand that the bank place a seizure on the contents of the safe deposit box tenant, in order to prevent the debtor from smuggling his money with the intention of harming the creditor. | ||
| Keywords | ||
| Lease contract; safes; Iraqi law | ||
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