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

Art. 1161OR from 2023

Art. 1161 3. In the case of bonds secured by a charge

¹ Where a representative of the borrower and the creditors has been appointed for a bond issue secured by a land charge or a charge on chattels, he has the same powers as a pledgee under a land charge.

² The representative must safeguard the rights of the creditors, the borrower and the owner of the charged property diligently and impartially.