Commentaries: Art. 1149

Where the payment instruction to order is accepted voluntarily, the acceptor of the payment instruction counts as the acceptor of a bill of exchange.
However, the bearer may not have recourse before maturity if the instructed party has been declared insolvent or has suspended his payments or compulsory execution has been levied on his assets without success.
Similarly, the bearer may not have recourse before maturity if the instructing party has been declared insolvent.

Art. 1149