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

¹ In the event that the hold­er fails to com­ply with the time lim­its

for present­a­tion of a sight bill or an after-sight bill,

for protest for non-ac­cept­ance or for non-pay­ment,

for present­a­tion for pay­ment of bills bear­ing the com­ment “No protest”,

he for­feits his rights against the en­dors­er, the draw­er and all oth­er parties li­able on the bill, with the ex­cep­tion of the ac­cept­or.

² In the event that the hold­er fails to com­ply with the time lim­it for present­a­tion for ac­cept­ance pre­scribed by the draw­er, he for­feits his right of re­course for non-ac­cept­ance and for non-pay­ment, un­less the word­ing of the com­ment shows that the draw­er in­ten­ded to ex­clude only li­ab­il­ity for ac­cept­ance.

³ Where the time lim­it for present­a­tion is in­dic­ated in an en­dorse­ment, only the en­dors­er may rely on it.