1 In the event that the holder fails to comply with the time limits
for presentation of a sight bill or an after-sight bill,
for protest for non-acceptance or for non-payment,
for presentation for payment of bills bearing the comment “No protest”,
he forfeits his rights against the endorser, the drawer and all other parties liable on the bill, with the exception of the acceptor.
2 In the event that the holder fails to comply with the time limit for presentation for acceptance prescribed by the drawer, he forfeits his right of recourse for non-acceptance and for non-payment, unless the wording of the comment shows that the drawer intended to exclude only liability for acceptance.
3 Where the time limit for presentation is indicated in an endorsement, only the endorser may rely on it.
1 Tout obligé contre lequel un recours est exercé ou qui est exposé à un recours peut exiger, contre remboursement, la remise de la lettre de change avec le protêt et un compte acquitté.
2 Tout endosseur qui a remboursé la lettre de change peut biffer son endossement et ceux des endosseurs subséquents.
This document is not an official publication. Only the publication of the Federal Chancellery is legally binding.
Ceci n’est pas une publication officielle. Seule la publication opérée par la Chancellerie fédérale fait foi. Ordonnance sur les publications officielles, OPubl.