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Federal Act
on Debt Enforcement and Bankruptcy
(DEBA)1

1 Inserted by No I of the FA of 16 Dec. 1994, in force since 1 Jan. 1997 (AS 1995 1227; BBl 1991 III 1).

Art. 101223

4. In the case of im­mov­able prop­erty

a. Pri­or­ity no­tice
in the land re­gister

 

1 The dis­traint of im­mov­able prop­erty has the ef­fect of a re­stric­tion on the power of dis­pos­al. The debt en­force­ment of­fice shall no­ti­fy the land re­gister of­fice without delay, stat­ing the date and the amount for which dis­traint was made, for the pur­pose of en­ter­ing the pri­or­ity no­tice. No­tice must also be giv­en of the par­ti­cip­a­tion of new cred­it­ors in the dis­traint pro­ceed­ings and the can­cel­la­tion of dis­traint.

2 The pri­or­ity no­tice shall be can­celled if the ap­plic­a­tion for real­isa­tion is not filed with­in two years of dis­traint.

223 Amended by No I of the FA of 16 Dec. 1994, in force since 1 Jan. 1997 (AS 1995 1227; BBl 1991 III 1).