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Art. 466 – Definition

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Art. 466

By means of a payment instruction, the recipient of the instruction (agent) is authorised to transfer money, securities or other fungibles for the account of the party issuing the instruction (principal) to the payee and the payee is authorised to receive them in his own name.

Legal act context
SR 220 · CO · Federal act · Federal Act of 30 March 1911 on the Amendment of the Swiss Civil Code (Part Five: The Code of Obligations)
Structure path
Division Two: Types of Contractual Relationship Title Eighteen: The Payment Instruction A. Definition
Language
English (en)
Data status
2026-01-01

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