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

¹ A gen­er­ally crossed cheque may be paid by the drawee only to a banker or a cli­ent of the drawee.

² A spe­cific­ally crossed cheque may be paid by the drawee only to the des­ig­nated banker or, where the lat­ter is him­self the drawee, to his cli­ents. However, the des­ig­nated banker may en­trust col­lec­tion of the cheque to an­oth­er banker.

³ A banker may ac­quire a crossed cheque only from one of his cli­ents or from an­oth­er banker. Fur­ther, he may col­lect such cheque only for the ac­count of the afore­men­tioned per­sons.

⁴ Where a cheque has been spe­cific­ally crossed more than once, the drawee may hon­our the cheque only where it has been crossed not more than twice and one of the cross­ings was done for the pur­pose of col­lec­tion by means of de­liv­ery to a clear­ing house.

⁵ A drawee or banker act­ing in con­tra­ven­tion of the above pro­vi­sions is li­able for any losses caused thereby, al­beit only up to the cheque amount.