Under the new check law, a check is valid for a maximum of three years from the date of receipt of the check and is no longer valid.
The Central Bank announced: According to the law amending the law on issuing checks approved in November 1397, for the category of checks that will be delivered to customers from 10/20/99, the validity date of the check is required.
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The law states that the “check validity date” is a maximum of three years from the date of receipt of the check, after which the check will not be valid.
Accordingly, on newly issued checks, the words “Issuance of this check is allowed up to the date .. is allowed” will be inserted.
/ Young Journalist Club