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. 757 II. Claims in bankruptcy

1 In the event of the bankruptcy of the damaged company, its creditors are entitled to request that the company be compensated for the losses suffered. However, in the first instance the insolvency administrators may assert the claims of the shareholders and the company’s creditors.

2 Where the insolvency administrators waive their right to assert such claims, any shareholder or creditor shall be entitled to bring them. The proceeds shall first be used to satisfy the claims of the litigant creditors in accordance with the provisions of the Debt Collection and Bankruptcy Act of 11 April 1889639. Any surplus shall be divided among the litigant shareholders in proportion to their equity participation in the company; the remainder shall be added to the insolvent’s estate.

3 The assignment of claims held by the company in accordance with Article 260 of the Debt Collection and Bankruptcy Act of 11 April 1889 is reserved.

4 In assessing the damage to the company, the claims of the company’s creditors that have been subordinated to those of all other creditors shall not be included.640

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

639 SR 281.1

640 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).

Art. 754 III. Dans l’administration, la gestion et la liquidation

1 Les membres du conseil d’administration et toutes les personnes qui s’occupent de la gestion ou de la liquidation répondent à l’égard de la société, de même qu’envers chaque actionnaire ou créancier social, du dommage qu’ils leur causent en manquant intentionnellement ou par négligence à leurs devoirs.

2 Celui qui d’une manière licite, délègue à un autre organe l’exercice d’une attribution, répond du dommage causé par ce dernier, à moins qu’il ne prouve avoir pris en matière de choix, d’instruction et de surveillance, tous les soins commandés par les circonstances.

644 Nouvelle teneur selon le ch. I de la LF du 4 oct. 1991, en vigueur depuis le 1er juil. 1992 (RO 1992 733; FF 1983 II 757).

 

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.