Legislator Case Law & Legislation
211.13 CH-NW

Decision of the Government Council on the Designation of the Competent Financial Institution for the Execution of Livestock Pledges - Authorization

3 Articles / Provisions · Switzerland · Canton of Nidwalden
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Statutory Text (3 Articles)

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1. The Nidwalden Cantonal Bank is authorized to establish liens on livestock to secure its claims without transferring possession.

2. The Nidwalden Cantonal Bank is obligated not to accept any guarantees, joint liabilities, or similar securities in addition to the relevant lien.

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1. An appeal against this decision can be lodged with the Federal Council within 30 days of its publication in the Official Gazette.

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1. This decision shall come into force on January 1, 1983; it is to be published in the Official Journal and included in the compendium of laws.

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