In case of denial and lack of lawful excuse, a legal action for the rectification of the current account shall barred with regard to entries made one year after the date of receipt of the statement of account, even if such legal action is based on an error, omission or repetition of such entries, save where during such period one party has notified the other that he insists on the rectification of the account, or where the customer proves, regarding a current account opened with a bank, that throughout the said period he did not receive from the bank any statement of account. In both cases, the action shall not be heard after the lapse of (5) five years following the account closure date.
Interpretation and application must be checked against the official text and current version.