Document ID: /roh_data/filtered/swiss_laws_in_ROHinterleaved.jsonl.gz/17366

This text was translated from EN into Rumantsch Grischun.

A registered security or instrument to order may be converted into a bearer security only with the consent of all the beneficiaries and obligors concerned. Such consent must be declared on the instrument itself. The same general principle applies to conversion of bearer securities into registered securities or instruments to order. In this case, where the consent of a beneficiary or obligor is lacking, conversion is effective but only as between the creditor who undertook it and his immediate legal successor.

In titel nominal u in titel a l’ordra po mo vegnir convertì en in titel al possessur cun il consentiment da tut las persunas, a las qualas quest titel conceda dretgs u impona obligaziuns. Quest consentiment sto vegnir declerà sin il document sez. Il medem princip vala per la conversiun da titels al possessur en titels nominals u en titels a l’ordra. Sch’i manca en quest cas il consentiment d’ina da las persunas, a la quala il titel conceda dretgs u impona obligaziuns, è la conversiun valaivla, dentant mo per il creditur ch’è l’autur da la conversiun e per ses successur legal direct.