Endowment of Virtual Account

Document Type : Scientific Research

Authors

1 Ph.D. Student of Private Law, Islamic Azad University, Karaj, Iran.

2 Assistant Professor, Faculty of Law, Islamic Azad University, Karaj, Iran.

3 Asistant Professor, Faculty of Law, Islamic Azad University, Karaj, Iran.

Abstract

The endowment of virtual accounts is of great importance because, today, most of our activities, both economic and social, are carried out in these accounts. Subsequently, some of these accounts acquire significant financial value; therefore, if it is possible to endow such accounts, society, people, and governments can highly benefit from the advantages of such assets. Let's consider ourselves bound by the text of the law. A virtual account cannot be endowed because it is intangible and, therefore, does not have the characteristics of an endowment asset, which must be tangible and capable of being collected. This research, employing an analytical-descriptive approach, utilizes library resources and interprets various terms, relying on their customary meanings, to examine the ability to endow virtual accounts. Finally, given the dual nature of virtual accounts, obstacles to account transfer were investigated, and it was determined that accounts with financial value are endowable. Accounts with a non-financial nature, personal aspects, and personal information are non-transferable through endowment.

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Main Subjects

References

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