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)


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Art. 973i813

VI. In­form­a­tion and li­ab­il­ity

 

The ob­lig­or un­der a ledger-based se­cur­ity or a right that is offered as such must in­form each ac­quirer of:

1.
the con­tent of the ledger-based se­cur­ity;
2.
the mode of op­er­a­tion of the se­cur­it­ies ledger and the meas­ures taken in ac­cord­ance with Art­icle 973d para­graphs 2 and 3 to pro­tect the op­er­a­tion and in­teg­rity of the ledger.

2 The ob­lig­or is li­able for dam­age to the ac­quirer arising out of in­form­a­tion that is in­ac­cur­ate, mis­lead­ing or in breach of stat­utory re­quire­ments, un­less the ob­lig­or can prove that he or she ac­ted with due di­li­gence.

3 Agree­ments which lim­it or ex­clude this li­ab­il­ity are void.

813 In­ser­ted by No I 1 of the FA of 25 Sept. 2020 on the Ad­apt­a­tion of Fed­er­al Law to De­vel­op­ments in Dis­trib­uted Ledger Tech­no­logy, in force since 1 Feb. 2021 (AS 2021 33; BBl 2020 233).

 

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