Swiss Civil Code (SCC)

Art. 773SCC from 2023

Art. 773

¹ A usufruct of debts entitles the usufructuary to retain the realised revenue.

² Notices of termination to the debtor and dispositions relating to securities subject to a usufruct must be made jointly by the creditor and the usufructuary; notices of termination by the debtor must be addressed to both.

³ If a debt is at risk, the creditor and the usufructuary have a mutual right to request each other’s consent to such measures as are required to ensure diligent administration.