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


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Art. 1161

3. In the case of bonds se­cured by a charge

 

1 Where a rep­res­ent­at­ive of the bor­row­er and the cred­it­ors has been ap­poin­ted for a bond is­sue se­cured by a land charge or a charge on chat­tels, he has the same powers as a pledgee un­der a land charge.

2 The rep­res­ent­at­ive must safe­guard the rights of the cred­it­ors, the bor­row­er and the own­er of the charged prop­erty di­li­gently and im­par­tially.

 
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