1. The party who paid a bill of exchange by intervention shall acquire all the rights arising therefrom against the person in whose interest the payment was made and against those persons liable under the bill of exchange towards such party. However, the person who paid by intervention may not re-endorse the bill of exchange. 2. The endorsers subsequent to the person in whose interest the payment was made shall be discharged from liability. 3. Where several persons offer to pay a bill of exchange by intervention, the person whose payment shall discharge the biggest number of obligors shall have preference. Where this rule is knowingly violated, the intervener for payment shall lose his right of recourse against any person who has been discharged had this rule been observed.
Interpretation and application must be checked against the official text and current version.