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Swiss Civil Code

Art. 888

II. Ex­tinc­tion

1. Loss of pos­ses­sion

 

1 The gen­er­al li­en is ex­tin­guished once the pledgee no longer pos­sesses the pledged chat­tel and is un­able to de­mand its re­turn from third parties.

2 The ef­fects of the li­en are sus­pen­ded as long as the pledger has ex­clus­ive pos­ses­sion of the pledged chat­tel with the pledgee’s con­sent.