CH-LU
Ordinance on the Pledging of Livestock
Table of Provisions (7)
Statutory Text (7 Articles)
1. The Department of Construction, Environment, and Economic Affairs is responsible for granting authorization to financial institutions and cooperatives for livestock pledging transactions.
2. It maintains a register of financial institutions and cooperatives that hold the appropriate authorization.
3. The granting and revocation of authorization must be published in the Official Gazette of the Canton.
1. The Debt Enforcement Office maintains the registration protocol according to the regulations of the Federal Council's ordinance concerning the pledging of livestock dated October 30, 1917.
1. The enforcement officers are obliged, upon the creditor's request, to verify the existence and characteristics of the pledged animals on-site before the registration of the pledge.
2. The owner of the livestock or a family member must be present for this official act.
3. The execution of this official act must be noted on the registration certificate.
1. Livestock Mortgage Contracts can only be concluded with those financial institutions and cooperatives that possess the appropriate authorization from the Department of Construction, Environment, and Economic Affairs (Art. 885 of the Swiss Civil Code of December 10, 1907, and § 91 of the Introductory Act to the Swiss Civil Code of November 20, 2000, EGZGB).
2. The Department of Construction, Environment, and Economic Affairs may approve the terms and conditions established by the financial institutions and cooperatives.
3. It may inspect compliance with these conditions at any time. In the event of non-compliance, the authorization will be revoked.
1. Supervision of Prescription Offices is carried out by the cantonal supervisory authorities for Debt Enforcement and Bankruptcy, which also handle any complaints.
1. The registrars receive the fees for their services as stipulated in Article 38 et seq. of the Federal Council's regulation.
2. For the functions provided in § 3 of the current regulation, they receive the fees established for the execution of seizures.
1. This regulation enters into force on January 1, 1912.
2. It is to be included in the printed collection of ordinances of the Government Council, announced in the Canton Gazette, and deposited in its original form in the State Archives.