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


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Art. 986

b. Where the se­cur­ity is not presen­ted

 

1 Where the lost bear­er se­cur­ity is not presen­ted with­in the time lim­it, the court may can­cel it or or­der fur­ther meas­ures, de­pend­ing on the cir­cum­stances.

2 No­tice of the can­cel­la­tion of a bear­er se­cur­ity must be pub­lished im­me­di­ately in the Swiss Of­fi­cial Gaz­ette of Com­merce, and else­where at the court’s dis­cre­tion.

3 Fol­low­ing can­cel­la­tion, the ap­plic­ant is en­titled at his ex­pense to re­quest the is­sue of a new bear­er se­cur­ity or per­form­ance of the ob­lig­a­tion due.

 
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