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

¹ Where a con­tract of surety is con­cluded for an in­def­in­ite term, once the prin­cip­al debt­or’s ob­lig­a­tion falls due the surety may, where ac­tion may be brought only on such con­di­tions, re­quest that the cred­it­or as­sert his claim with­in a peri­od of four weeks, in­stig­ate pro­ceed­ings to real­ise any ex­ist­ing pledges and pur­sue his claim without sig­ni­fic­ant in­ter­rup­tion.

² In the case of claims that fall due on ex­piry of a peri­od of no­tice served by the cred­it­or, once one year has elapsed since the con­tract of surety was con­cluded, the surety has the right to re­quest that the cred­it­or serve no­tice and, once the ob­lig­a­tion is due, ex­er­cise his rights in ac­cord­ance with para. 1.

³ The surety is re­leased if the cred­it­or does not com­ply with such re­quest.