Regulatory Alerts2012-01-01
Decision repealing the Decision on carrying out the enforcement collection from the judgment debtor’s account
The Council of the Central Bank of Montenegro issued this decision to repeal the previous regulation regarding enforcement collection from judgment debtor accounts. The repealed decision, originally published in the Official Gazette, is formally annulled effective 26 March 2012. This new decision enters into force on the eighth day following its publication in the Official Gazette of Montenegro.
Pursuant to Article 44 paragraph 2 point 3 of the Central Bank of Montenegro Law (OGM 40/10, 46/10) and in conjunction with Article 294 paragraph 3 of the Law on Enforcement and Securing of Claims (OGM 36/11), the Central Bank of Montenegro Council, at its meeting held on 27 February 2012, passed the following DECISION repealing the Decision on carrying out the enforcement collection from the judgment debtor’s account Article 1 The Decision on carrying out the enforcement collection from the judgment debtor’s account (OGM 24/09, 15/11) shall be repealed as of 26 March 2012. Article 2 This decision shall enter into force on the eighth day following that of its publication in the Official Gazette of Montenegro. THE COUNCIL OF THE CENTRAL BANK OF MONTENEGRO Decision number: 0101-4014/27-4 CHAIRMAN Podgorica, 27 February 2012 GOVERNOR, Radoje Žugić, m.p.