Federal Act on the Amendment of the Swiss Civil Code

English is not an official language of the Swiss Confederation. This translation is provided for information purposes only and has no legal force.


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Art. 117

II. In re­la­tion to cur­rent ac­counts

 

1The mere post­ing of in­di­vidu­al entries in a cur­rent ac­count does not res­ult in nova­tion.

2However, there is a pre­sump­tion of nova­tion if the bal­ance on the ac­count has been drawn and ac­know­ledged.

3Where spe­cial se­cur­ity ex­ists for one of the ac­count entries, un­less oth­er­wise agreed, such se­cur­ity is re­tained even if the bal­ance on the ac­count is drawn and ac­know­ledged.

 
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