3. Listed registered shares
a. Requirements for refusal
1 In the case of listed registered shares, the company may refuse to accept the acquirer as a shareholder only where the articles of association envisage a percentage limit on the registered shares for which an acquirer must be recognised as shareholder and such limit is exceeded.
2 Further, the company may refuse entry in the share register where at the company’s request the acquirer fails to declare expressly that he has acquired the shares in his own name and for his own account.
3 Where listed2 registered shares were acquired by inheritance, divaision of estate or matrimonial property law, entry of the acquirer may not be refused.
1 Inserted by No I of the FA of 4 Oct. 1991, in force since 1 July 1992 (AS 1992 733; BBl 1983 II 745).
2 Revised by the Federal Assembly Drafting Committee (Art. 33 ParlPA; AS 1974 1051).
II. Restriction statutaire
1 Les statuts peuvent prescrire que le transfert des actions nominatives est subordonné à l’approbation de la société.
2 Cette restriction vaut aussi pour la constitution d’un usufruit.
3 Si la société entre en liquidation, les restrictions de la transmissibilité tombent.
1 Introduit par le ch. I de la LF du 4 oct. 1991, en vigueur depuis le 1er juil. 1992 (RO 1992 733; FF 1983 II 757).