OR Art. 470 -
Einleitung zur Rechtsnorm OR:
The Swiss Code of Obligations is a central code of Swiss civil law that regulates the legal relationships between private individuals. It includes five books that cover various aspects of contract law, law of obligations and property law, including the formation, content and termination of contracts, as well as liability for breach of contract and tort. The Code of Obligations is an important code of law for business and everyday life in Switzerland, as it forms the basis for many legal relationships and contracts and has been in force since 1912, whereby it is regularly adapted to social and economic developments.
Art. 470 OR from 2025
Art. 470 Revocation
1 The principal may revoke the payment instruction as against the payee unless he issued it in order to redeem a debt to the payee or otherwise in favour of the latter.
2 He may revoke it as against the agent provided the agent has not notified the payee of his acceptance.
2bis Unless the regulations of a payment system provide otherwise, a payment instruction in a cashless transaction becomes irrevocable as soon as the transfer amount is debited from the principal'"s account. (1)
3 In the event of bankruptcy proceedings against the principal, payment instructions that have not yet been accepted are deemed revoked.
(1) Inserted by Annex No 3 of the Uncertificated Securities Act of 3 Oct. 2008, in force since 1 Oct. 2009 ([AS 2009 3577]; [BBl 2006 9315]).
Es besteht kein Anspruch auf Aktualität und Vollständigkeit/Richtigkeit.
