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


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Art. 1149

3. Con­sequences of ac­cept­ance

 

1 Where the pay­ment in­struc­tion to or­der is ac­cep­ted vol­un­tar­ily, the ac­cept­or of the pay­ment in­struc­tion counts as the ac­cept­or of a bill of ex­change.

2 However, the bear­er may not have re­course be­fore ma­tur­ity if the in­struc­ted party has been de­clared in­solv­ent or has sus­pen­ded his pay­ments or com­puls­ory ex­e­cu­tion has been levied on his as­sets without suc­cess.

3 Sim­il­arly, the bear­er may not have re­course be­fore ma­tur­ity if the in­struct­ing party has been de­clared in­solv­ent.

 
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