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Federal Act
on the Amendment of the Swiss Civil Code
(Part Five: The Code of Obligations)

of 30 March 1911 (Status as of 9 February 2023)

Art. 117

II. In re­la­tion to cur­rent ac­counts

 

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

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

3 Where 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.