1 The representative has such powers as are conferred on him by law, the bond issue conditions or the creditors’ meeting.
2 His duties are to request that the borrower convene a creditors’ meeting where the conditions for such convocation obtain, to implement its resolutions and to represent the community of creditors within the bounds of the powers conferred on him.
3 To the extent that the representative is authorised to assert the creditors’ rights, the individual creditors are not entitled to exercise their rights independently.
831 Aufgehoben durch Anhang Ziff. 1 des Finanzdienstleistungsgesetzes vom 15. Juni 2018, mit Wirkung seit 1. Jan. 2020 (AS 2019 4417; BBl 2015 8901).
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