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Art. 966 – Obligation under the security

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Art. 966

1

The obligor under a negotiable security is obliged to render performance only against surrender of the instrument.

2

By rendering the performance due at maturity to the creditor as indicated by the instrument, the obligor is released from the obligation unless he is guilty of malice or gross negligence.

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 Five: Negotiable Securities Title Thirty-Three: Registered Securities, Bearer Securities and Instruments to Order Section One: General Provisions B. Obligation under the security
Language
English (en)
Data status
2026-01-01

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