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Federal Act
on the Amendment of the Swiss Civil Code
(Part Five: The Code of Obligations)

English is not an official language of the Swiss Confederation. This translation is provided for information purposes only and has no legal force.

of 30 March 1911 (Status as of 1 January 2022)

Art. 620

A. Defin­i­tion

 

1 A com­pany lim­ited by shares is a com­pany with its own busi­ness name whose pre-de­term­ined cap­it­al (share cap­it­al)287 is di­vided in­to spe­cif­ic amounts (shares) and whose li­ab­il­it­ies are pay­able only from the com­pany as­sets.

2 The share­hold­ers are re­quired only to ful­fil the du­ties spe­cified in the art­icles of as­so­ci­ation and are not per­son­ally li­able for the com­pany’s ob­lig­a­tions.

3 A com­pany lim­ited by shares may also be es­tab­lished for a pur­pose that is non-com­mer­cial in char­ac­ter.

287 Term in ac­cord­ance with No II 1 of the FA of 4 Oct. 1991, in force since 1 Ju­ly 1992 (AS 1992 733; BBl 1983 II 745). This amend­ment has been taken in­to ac­count throughout the Code.