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

Art. 965

A. Defin­i­tion of ne­go­ti­able se­cur­ity

 

A ne­go­ti­able se­cur­ity is any in­stru­ment to which a right at­taches in such a man­ner that it may not be ex­er­cised or trans­ferred to an­oth­er without the in­stru­ment.