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Article L773-16 of the French Monetary and Financial Code

I.-The provisions of Chapters I to VII of Title I of Book V and those of Chapter II of Title III of the same Book are not applicable to the financial services of the Office des postes et télécommunications. The decrees of the Minister responsible for the economy issued pursuant to Articles L. 611-1, L. 611-3 and L. 611-4 and the rules of the Comite de la réglementation bancaire et…

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Article L773-17 of the French Monetary and Financial Code

The postal cheque service is managed by the Office des postes et télécommunications.Subject to approval by the Office des postes et télécommunications, any person may open a postal current account.Postal cheques cannot be endorsed.If payment is refused, a certificate of non-payment shall be drawn up instead of a protest.The holder of a postal current account shall be liable for the consequences of the misuse, loss or disappearance of cheque forms…

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Article L773-18 of the French Monetary and Financial Code

The Office des postes et télécommunications is responsible for the sums it receives to be credited to postal current accounts. Where payment orders are used, the provisions of article L. 773-20 shall apply. The Office des postes et télécommunications guarantees the beneficiaries of payments made using the payment cards it issues.

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Article L773-19 of the French Monetary and Financial Code

Funds may be sent by means of money orders issued by the Office des postes et télécommunications.The Office des postes et télécommunications is responsible for sums converted into money orders until they are paid.Funds received by the Office des postes et télécommunications to be sent by money order of any kind are definitively acquired by New Caledonia if their payment or reimbursement is not claimed within two years from the…

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Article L773-20 of the French Monetary and Financial Code

Items of correspondence, under the conditions defined by the Office des postes et télécommunications, may be sent against reimbursement.For the recovery of cheques remitted to it pursuant to this sub-section, the Office des postes et télécommunications may not invoke the obligations incumbent on the bearer of a cheque under the laws and regulations.From the time the items have been remitted to the debtor or the addressee, the Office des postes…

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