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


Open article in different language:  DE  |  FR  |  IT
Art. 1009

7. Pledging en­dorse­ment

 

1 Where the en­dorse­ment con­tains the com­ment “value for se­cur­ity”, “value for pledge” or some oth­er com­ment ex­press­ing a pledge, the hold­er may ex­er­cise all the rights un­der the bill of ex­change; however, any en­dorse­ment is­sued by him only has the ef­fect of a pro­cur­a­tion en­dorse­ment.

2 The parties li­able on a bill may not plead against the hold­er such de­fences as are based on his dir­ect re­la­tions with the en­dors­er un­less the hold­er in­ten­tion­ally ac­ted to the det­ri­ment of the ob­lig­or when ac­quir­ing the bill.

 
Previous article Show article in the law Next article

Diese Seite ist durch reCAPTCHA geschützt und die Google Datenschutzrichtlinie und Nutzungsbedingungen gelten.

Feedback