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Art. 875

210CCFederal ActJan 1, 1912Original source

Registered or bearer bonds may be secured by a mortgage:

  1. by issuing a mortgage contract or a mortgage certificate for the entire series and appointing an agent for the creditors and the borrower;
  2. by establishing a mortgage right for the entire bond issue in favour of the issuer and establishing a mortgage on that debt in favour of the bond holders.

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