b. Bearer’s rights in the event of insolvency, suspension of payments, compulsory execution
1 However, where the drawee has been declared insolvent or has suspended its payments or debt enforcement proceedings have been brought against it without success, the bearer of an account-payee-only cheque has the right to demand cash payment of the cheque by the drawee and has a right of recourse.
2 The same applies in the event that the bearer cannot obtain the account credit from the drawee as a result of measures taken pursuant to the Federal Act of 8 November 1934 on Banks and Savings Banks1.
3. Ancien style
Lorsqu’un chèque est tiré entre deux places ayant des calendriers différents, le jour de l’émission sera ramené au jour correspondant du calendrier du lieu du paiement.
