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


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Art. 1059

b. Ob­lig­a­tion of the hold­er

 

1 Where the bill of ex­change is ac­cep­ted for hon­our by per­sons res­id­ent at the bill dom­i­cile or the per­sons in­dic­ated on the bill as be­ing will­ing to pay in case of need are res­id­ent at the bill dom­i­cile, the hold­er must present the bill to all such per­sons no later than the day after the day on which the time lim­it for protest for non-pay­ment ex­pires and, where ap­plic­able, must ar­range protest for fail­ure to make pay­ment for hon­our.

2 Any fail­ure to make timely protest re­leases the per­son who ap­pen­ded the emer­gency ad­dress or in whose hon­our the bill was ac­cep­ted and the sub­sequent en­dors­ers.

 

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