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Electronic Financial Transactions Act — Article 20 (Requisite for setting up transfer of electronic bonds)

전자금융거래법 제20조

(1) The transfer of electronic bonds shall be deemed to satisfy the requisite for setting up against the obligor referred to in Article 450 (1) of the Civil Act when meeting all the following requirements: <Amended on Jun. 9, 2020>

1. The notice made by the transferor to transfer the electronic bonds or the obligor's consent thereto shall be given through an electronic document bearing the digital signature (referring to the digital signature by which the real name of the signer can be verified) under subparagraph 2 of Article 2 of the Digital Signature Act;

2. The electronic document stating the notice or consent referred to in subparagraph 1 shall be registered with an electronic bond management agency.

(2) The electronic document stating the notice or consent referred to in paragraph (1) shall be deemed to satisfy the requisite for setting up against the obligor referred to in Article 450 (2) of the Civil Act when completing the time-stamp stipulated in Article 18 of the Digital Signature Act and meeting all the requirements referred to in paragraph (1). <Amended on Jun. 9, 2020>

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