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 · Canton of Nidwalden — Cantonal Legislation
Statutory Text (3 Provisions)
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Section 1 Government Council Resolution on the Designation of the Competent Financial Institution for the Conclusion of Livestock Pledges - Authorization Decision of the Government Council on the Designation of the Competent Financial Institution for the Execution of Livestock Pledges - Authorization
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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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Sec. 2 Government Council Resolution on the Designation of the Competent Financial Institution for the Execution of Livestock Pledges Decision of the Government Council on the Designation of the Competent Financial Institution for the Execution of Livestock Pledges - Legal Remedies
Official ↗
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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Sec. 3 Government Council Decision on the Designation of the Competent Financial Institution for the Execution of Livestock Mortgages Decision of the Government Council on the Designation of the Competent Financial Institution for the Execution of Livestock Pledges - Legal Force
Official ↗
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.