Art. 973iOR from 2023
Art. 973i VI. Information and liability (1)
The obligor under a ledger-based security or a right that is offered as such must inform each acquirer of:1. the content of the ledger-based security;2. the mode of operation of the securities ledger and the measures taken in accordance with Article 973d paragraphs 2 and 3 to protect the operation and integrity of the ledger.
2 The obligor is liable for damage to the acquirer arising out of information that is inaccurate, misleading or in breach of statutory requirements, unless the obligor can prove that he or she acted with due diligence.
3 Agreements which limit or exclude this liability are void.
(1) Inserted by No I 1 of the FA of 25 Sept. 2020 on the Adaptation of Federal Law to Developments in Distributed Ledger Technology, in force since 1 Feb. 2021 ([AS 2021 33]; [BBl 2020 233]).
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