c. Transfer of rights
1 Where listed registered shares are acquired on a stock exchange, the attendant rights pass to the acquirer on transfer. Where listed registered shares are acquired off-exchange, the attendant rights pass to the acquirer as soon as he has submitted a request for recognition as shareholder to the company.
2 Until such recognition of the acquirer by the company, he may not exercise the voting right conferred by the shares or any other rights associated with such voting right. The acquirer is not restricted in his exercise of any other shareholder rights, in particular subscription rights.
3 Acquirers not yet recognised by the company are entered as shareholders without voting rights in the share register once the rights have been transferred. The corresponding shares are deemed to be unrepresented at the general meeting.
4 Where the company’s refusal is unlawful, the company must recognise the acquirer’s voting right and the rights associated therewith from the date of the court judgment and pay the acquirer damages unless it can show that it was not at fault.
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).
b. Effets
1 Tant que l’approbation nécessaire au transfert des actions n’est pas donnée, la propriété des actions et tous les droits en découlant restent à l’aliénateur.
2 En cas d’acquisition d’actions par succession, partage successoral, en vertu du régime matrimonial ou dans une procédure d’exécution forcée, la propriété du titre et les droits patrimoniaux passent immédiatement à l’acquéreur, les droits sociaux, seulement au moment de l’approbation par la société.
3 L’approbation est réputée accordée si la société ne la refuse pas dans les trois mois qui suivent la réception de la requête ou rejette celle-ci à tort.
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).
