220 Federal Act of 30 March 1911 on the Amendment of the Swiss Civil Code (Part Five: The Code of Obligations)

220 Loi fédérale du 30 mars 1911 complétant le code civil suisse (Livre cinquième: Droit des obligations)

Art. 653b 3. Basis in articles of association

1 The articles of association must stipulate:

1.377
the nominal value of the contingent capital;
2.
the number, nominal value and type of shares;
3.
the beneficiaries of conversion or option rights;
4.378
any restriction or cancellation of the subscription right of existing shareholders, provided they are not allocated the option rights;
5.
preferential rights attached to specific classes of shares;
6.
the restrictions on the transferability of newly registered shares;
7.379
the procedure for exercising the conversion or option rights and for waiving these rights.


2 Where the bonds or similar debt instruments to which the conversion or option rights attach are not offered first to the shareholders for subscription, the articles of association must also stipulate:

1.
the conditions on which the conversion or option rights may be exercised;
2.
the basis on which the issue amount is to be calculated.

3 Conversion or option rights granted before the provision of the articles of association concerning the contingent capital has been entered in the commercial register are void.380

376 Inserted by No I of the FA of 4 Oct. 1991, in force since 1 July 1992 (AS 1992 733; BBl 1983 II 745).

377 Amended by No I of the FA of 19 June 2020 (Company Law), in force since 1 Jan. 2023 (AS 2020 4005; 2022 109; BBl 2017 399).

378 Amended by No I of the FA of 19 June 2020 (Company Law), in force since 1 Jan. 2023 (AS 2020 4005; 2022 109; BBl 2017 399).

379 Inserted by No I of the FA of 19 June 2020 (Company Law), in force since 1 Jan. 2023 (AS 2020 4005; 2022 109; BBl 2017 399).

380 Amended by No I of the FA of 19 June 2020 (Company Law), in force since 1 Jan. 2023 (AS 2020 4005; 2022 109; BBl 2017 399).

Art. 652h 9. Nullité des actions émises avant l’inscription au registre du commerce

Les actions émises avant l’inscription au registre du commerce de l’augmentation du capital-actions sont nulles; les engagements qui résultent de la souscription de ces actions restent valables.

374 Introduit par le ch. I de la LF du 4 oct. 1991 (RO 1992 733; FF 1983 II 757). Nouvelle teneur selon le ch. I de la LF du 19 juin 2020 (Droit de la société anonyme), en vigueur depuis le 1er janv. 2023 (RO 2020 4005; 2022 109; FF 2017 353).

 

This document is not an official publication. Only the publication of the Federal Chancellery is legally binding.
Ceci n’est pas une publication officielle. Seule la publication opérée par la Chancellerie fédérale fait foi. Ordonnance sur les publications officielles, OPubl.