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Requirements to the endorsement
Article 548
The provisions on endorsement of bills of exchange shall apply to the cheque, with the following exceptions:
- 1.
- the endorsement of the drawee shall be invalid;
- 2.
- the endorsement in favour of the drawee shall only have the effect of a receipt, except where the endorsement has been made between different branches of a merchant.
Endorsement on a cheque to bearer
Article 549
The endorsement on a cheque to bearer shall make the endorser liable pursuant to the rules for recourse. Such an endorsement shall not transform the cheque into a cheque to order.
Prohibition for guarantee by the drawee
Article 550
The drawee may not be guarantor on a cheque.
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