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

Art. 978

A. Defin­i­tion

 

1 A ne­go­ti­able se­cur­ity is deemed a bear­er se­cur­ity if the word­ing or form of the in­stru­ment shows that the cur­rent bear­er is re­cog­nised as the be­ne­fi­ciary.

2 However, the ob­lig­or is no longer per­mit­ted to pay if sub­ject to an at­tach­ment or­der served by a court or the po­lice.

 
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