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

¹ The com­munity of cred­it­ors is au­thor­ised with­in the bounds of the law to take all meas­ures re­quired to safe­guard the col­lect­ive in­terests of the bond cred­it­ors, in par­tic­u­lar as re­gards any fin­an­cial dif­fi­culties en­countered by the bor­row­er.

² The res­ol­u­tions of the com­munity of cred­it­ors are made by the cred­it­ors’ meet­ing and are val­id provid­ing they sat­is­fy the re­quire­ments laid down by the law in gen­er­al or for spe­cif­ic meas­ures.

³ The in­di­vidu­al bond cred­it­ors are not en­titled to as­sert their rights in­de­pend­ently to the ex­tent that val­id res­ol­u­tions on the mat­ters in ques­tion have been made by the cred­it­ors’ meet­ing.

⁴ The costs of con­ven­ing and hold­ing the cred­it­ors’ meet­ing are borne by the bor­row­er.