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

¹ Res­ol­u­tions in­volving an en­croach­ment on cred­it­ors’ rights are ef­fect­ive and bind­ing on the bond cred­it­ors who did not vote in fa­vour of them only if they have been ap­proved by the high­er can­ton­al com­pos­i­tion au­thor­ity.

² The bor­row­er must sub­mit them with­in one month of their ad­op­tion to said au­thor­ity for ap­prov­al.

³ The time and date of the hear­ing is pub­lished to­geth­er with a no­tice to the bond cred­it­ors in­form­ing them that they may raise ob­jec­tions in writ­ing or in per­son at the hear­ing.

⁴ The costs of the ap­prov­al pro­ced­ure are borne by the bor­row­er.