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


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Art. 1151

II. Prom­ise to pay to or­der

 

1 Where a prom­ise to pay is not des­ig­nated as a promis­sory note in the text ap­pear­ing on the in­stru­ment it­self but is ex­pressly made out to or­der and sat­is­fies all the oth­er re­quire­ments of a promis­sory note, it counts as a promis­sory note.

2 However, the pro­vi­sions gov­ern­ing pay­ment for hon­our do not ap­ply to prom­ises to pay to or­der.

3 The pro­vi­sions of the Debt Col­lec­tion and Bank­ruptcy Act of 11 April 1889850 gov­ern­ing the en­force­ment of bills of ex­change do not ap­ply to prom­ises to pay to or­der.

850SR 281.1

 
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