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)

disp17/Art. 3 1. Participation and dividend rights certificates

1 Articles 656a, 656b paragraphs 2 and 3, 656c and 656d as well as 656g apply to companies existing when this Act comes into force, including in cases where the articles of association or conditions of issue are contrary to the said articles. They apply to securities that are designated participation certificates or dividend rights certificates, have a nominal value and are recorded as liabilities on the balance sheet.

2 The companies must include the conditions of issue for the securities mentioned in paragraph 1, adapted to Article 656f in the articles of association within five years, arrange for the required entries to be made in the commercial register and provide securities that are in circulation and not designated as participation certificates with that designation.

3 For securities other than those mentioned in paragraph 1 the new provisions governing the dividend rights certificates apply even if they are designated as participation certificates. Within five years, they must be designated in accordance with the new law and may no longer bear a nominal value. The articles of association must be amended accordingly. The right to convert them into participation certificates is reserved.

disp16/Art. 19 M. Entrée en vigueur de la présente loi

1 La présente loi entre en vigueur le 1er juillet 1937.

2 Est excepté le chapitre concernant la communauté des créanciers dans les emprunts par obligations (art. 1157 à 1182), dont l’entrée en vigueur sera fixée par le Conseil fédéral.920

3 Le Conseil fédéral est chargé d’assurer l’exécution de la présente loi.

920 Ce chapitre a été mis en vigueur selon le texte du 1er avr. 1949 (RO 53 185).

 

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.