UAE Commercial Transactions Law

Article 373 — Article (373)

Book Three: Banking Transactions · Part One: Bank Deposits, Transfers and Accounts · Chapter One: Bank Deposits: Article (371)

Save where the deposit is intended for investment, a cash deposit shall be considered a debt and an offset may be conducted between it and a debt owed by the depositor to the bank, and any agreement to the contrary shall be null and void.

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