Federal Act on the Amendment of the Swiss Civil Code (OR)

Art. 995OR from 2022

Art. 995

¹ In a bill of exchange payable on sight or at a stated period after presentation for acceptance, the drawer may stipulate that the bill amount will bear interest. For all other bills, the interest rate comment is deemed unwritten.

² The interest rate must be indicated on the bill of exchange; where there is no such indication, the interest rate comment is deemed unwritten.

³ The interest accrues as of the date on which the bill of exchange was drawn, unless some other date is specified.

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