What is the Prescription?

The deposits, participation funds, bailed goods and receivables at banks that have not been claimed by their owners within ten years following the latest request, transaction and written directive of their owners shall be subject to prescription in accordance with the article 62 of the Banking Law. Any deposit, participation fund, bailed goods and receivable that have been subjected to prescription shall be registered in- come for the Fund, following the publication of the announce- ment, if the bank cannot contact the owners of such.