Federal Act on the Amendment of the Swiss Civil CodeEnglish is not an official language of the Swiss Confederation. This translation is provided for information purposes only and has no legal force. |
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. |