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

Art. 118

D. Mer­ger

 

1 An ob­lig­a­tion is deemed ex­tin­guished by mer­ger where the ca­pa­cit­ies of cred­it­or and debt­or are united in the same en­tity.

2 In the event of de-mer­ger, the ob­lig­a­tion is re­vived.

3 The spe­cif­ic pro­vi­sions gov­ern­ing charges on im­mov­able prop­erty and se­cur­it­ies are un­af­fected.