Federal Act on the Amendment of the Swiss Civil Code

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Art. 659b

III. Ac­quis­i­tion by sub­si­di­ar­ies

 

1Where a com­pany holds a ma­jor­ity in­terest in a sub­si­di­ary, any ac­quis­i­tion of its shares by such sub­si­di­ary is sub­ject to the same re­stric­tions and has the same con­sequences as the ac­quis­i­tion of its own shares.

2Where a com­pany ac­quires a ma­jor­ity in­terest in an­oth­er com­pany which holds shares of the ac­quirer, these shares are deemed the ac­quirer’s own shares.

3The ob­lig­a­tion to form a re­serve rests with the com­pany hold­ing the ma­jor­ity in­terest.

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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