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

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.