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


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Art. 976

II. With qual­i­fied bear­er se­cur­it­ies

 

Where the ob­lig­or un­der the re­gistered se­cur­ity has re­served the right to render per­form­ance to any bear­er of the in­stru­ment, he is re­leased from his ob­lig­a­tion by ren­der­ing per­form­ance in good faith to such a bear­er even if he did not re­quest evid­ence of the cred­it­or’s en­ti­tle­ment; however, he is not ob­liged to render per­form­ance to the bear­er.

 
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