Iran Cheque Law
Iran Cheque Law adopted by the National Council in 1976 outlines in 23 articles the types of Cheques that can be issued and the procedures to be followed to issue them but does not contain appropriate regulations regarding the conditions facing violators of these articles.
Following this, in 1993, the Islamic Council and the Guardian Council approved the “Amendment of Articles of the Cheque Issuance Law approved in July 1976”. Afterward, the law ‘Amendment of Articles of the Cheque Issuance Law‘ approved in 2003 was amended, annexed, and consolidated. The Islamic Council approved the law amending the Cheque law in 2018.
The historical record of laws related to Cheques
According to the codified laws of Iran, the legal provisions of the Iran Cheque Law are contained in Articles 310 to 317 of the Trade Law (approved in 1932), and in this law, a variety of legal elements and dimensions are fully considered, but the general law approved in 1925 remains silent when it comes to the criminal aspect of the penal code.
Iran Cheque Law
It should be noted, however, that the legislator eliminated this shortcoming within the context of fraud, as discussed in Article 238 of the law, and he approved an additional article, referred to as repeated Article 238 of the General Penal Code in 1933, which treated it as a separate offense.
In addition, in 1952 and 1953, other laws regarding bounced and guaranteed cheques were approved, and finally, on May 25, 1965, the bounced cheque law was passed replacing that law, and also the cheque issue law was approved in June 1976 with amendments in 1993, 1997, and 2003 which changes from The idea of criminalizing cheque development and accepting the late payment rule has been approved by the legislator and is subject to judicial action.
As a matter of international trade rules, an international memorandum was accepted in Geneva on March 11, 1931, to facilitate international trade as a result of the cheque uniform law and the conflict between the cheque laws and the stamp duties that the contracting countries had agreed on.
You may find on below, the best English translation of the Iran Cheque Law.