Federal Act on the Amendment of the Swiss Civil Code

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Art. 656a

L. Par­ti­cip­a­tion cer­ti­fic­ates

I. Defin­i­tion; ap­plic­able pro­vi­sions

 

1The art­icles of as­so­ci­ation may provide for par­ti­cip­a­tion cap­it­al di­vided in­to spe­cif­ic amounts (par­ti­cip­a­tion cer­ti­fic­ates). These par­ti­cip­a­tion cer­ti­fic­ates are is­sued against a cap­it­al con­tri­bu­tion, have a nom­in­al value and do not con­fer vot­ing rights.

2Un­less oth­er­wise provided by law, the pro­vi­sions gov­ern­ing share cap­it­al, shares and share­hold­ers also ap­ply to the par­ti­cip­a­tion cap­it­al, par­ti­cip­a­tion cer­ti­fic­ates and par­ti­cip­a­tion cer­ti­fic­ate hold­ers.

3The par­ti­cip­a­tion cer­ti­fic­ates must be des­ig­nated as such.

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).

 
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