What is the deadline for the remaining co-owners of a joint account to inform the bank in the event of the death or incapacity of a co-owner, according to Federal Decree by Law No. (50) of 2022, Promulgating the Commercial Transactions Law 133?
The remaining co-owners of a joint account must notify the bank of the death or lack of capacity of a co-owner within (10) ten days from the date of death or lack of capacity, as stated in Federal Decree by Law No. (50) of 2022, Promulgating the Commercial Transactions Law 133.