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

¹ The be­ne­fi­ciary’s claim is non-trans­fer­able.

² In the event of the settlor’s bank­ruptcy, the be­ne­fi­ciary has a claim equi­val­ent to the cap­it­al that would be re­quired to ac­quire from a reput­able an­nu­ity in­sti­tu­tion a life an­nu­ity equal in value to the be­ne­fits owed to him by the settlor.

³ In the case of debt en­force­ment by at­tach­ment, the be­ne­fi­ciary may par­ti­cip­ate in the at­tach­ment in re­spect of this claim without need to bring pri­or en­force­ment pro­ceed­ings.