1 Whether a claim is represented by an instrument in paper or equivalent form and transferred by means of such instrument is determined by the law designated therein. If no law is designated in the instrument, the law of the state in which the issuer has its seat or, failing such, its habitual residence applies.
2 As regards rights in rem to a physical instrument, the provisions of Chapter 7 are reserved.
68 Inserted by No I 3 of the FA of 25 Sept. 2020 on the Adaptation of Federal Law to Developments in Distributed Ledger Technology, in force since 1 Febr. 2021 (AS 2021 33; BBl 2020233).