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

¹ Ac­cept­ance for hon­our is per­mit­ted in all cases in which the hold­er has a right of re­course be­fore ma­tur­ity, ex­cept where present­a­tion of the bill for ac­cept­ance is pro­hib­ited.

² Where the bill of ex­change in­dic­ates a per­son to act as ac­cept­or or pay­er at the bill dom­i­cile in case of need, the hold­er has a right of re­course be­fore ma­tur­ity against the per­son who ap­pen­ded such emer­gency ad­dress and against sub­sequent en­dors­ers only if he has presen­ted the bill to the per­son in­dic­ated un­der such ad­dress and, in the event that ac­cept­ance for hon­our is re­fused, has had such re­fus­al noted by means of protest.

³ In all oth­er cases the hold­er may re­fuse ac­cept­ance for hon­our. However, if he ad­mits it, he for­feits his right of re­course be­fore ma­tur­ity against the per­son in whose hon­our ac­cept­ance was de­clared and against sub­sequent en­dors­ers.