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Article 124
 

Opening of accounts


1. General managers and election managers of candidates or lists of candidates appointed in due time and in the manner prescribed by the relevant provisions of this Act shall notify to the Central Electoral Commission and to the respective Provincial Commissions the bank accounts opened for collection of funds.


2. The opening of accounts may be effected, after appointment of the election manager, in any bank or savings bank. The notification referred to in subs. 1 above is to be sent within twenty hours following the opening of the account.


3. Where candidates or candidatures nominated have not been officially declared as such or decide not to stand for election, the money paid into the account by third persons shall refunded to the parties, federations, coalitions or groupings who have presented those candidates or candidatures.