Thursday, February 9, 2012

"Art 1980 of the civil code provides that deposits of money in banks shall be treated as simple loan; then art 1953 of the civil code states that a person (here a bank) who receives a loan of money acquires ownership thereof. Accordingly, since under the law, cj loses ownership of money deposited in the bank, is he required to state those deposits in hi SALN?" - from a lawyer.

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