1 Where the endorsement contains the comment “value for collection”, “for collection”, “per pro.” or some other comment expressing no more than authorisation, the holder may exercise all the rights under the bill of exchange; however, he may transfer it only by means of a further procuration endorsement.
2 In this case, the parties liable on a bill may plead against the holder only such defences as are available to them against the endorser.
3 The authority conferred by the procuration endorsement is not extinguished on the death or incapacity of the person conferring it.
1 Der Indossant haftet mangels eines entgegenstehenden Vermerks für die Annahme und die Zahlung.
2 Er kann untersagen, dass der Wechsel weiter indossiert wird; in diesem Falle haftet er denen nicht, an die der Wechsel weiter indossiert wird.
This document is not an official publication. Only the publication of the Federal Chancellery is legally binding.
Dies ist keine amtliche Veröffentlichung. Massgebend ist allein die Veröffentlichung durch die Bundeskanzlei.