Article 378. Termination of a bank guarantee.
1. The obligation of the guarantor to the beneficiary of the guarantee shall cease: 1) payment to the beneficiary of the amount for which the guarantee was issued; 2) the expiry of the period specified in the guarantee for which it was issued; 3) due to the refusal of the beneficiary of their rights under the guarantee and returning it to the guarantor; 4) due to the refusal of the beneficiary of his rights under the guarantee by a written statement of release of the guarantor from his obligations. Termination of the obligation of the guarantor on the grounds specified in subparagraphs 1, 2 and 4 of this paragraph does not depend on whether the guarantee is returned to him. 2. The guarantor, who has become aware of the termination of the guarantee, must immediately notify the principal thereof.
References to other articles of chapter 23. Ensuring the fulfillment of obligations: