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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. 656

2. Status of pref­er­ence shares

 

1 Pref­er­ence shares en­joy the pref­er­en­tial rights vis-à-vis or­din­ary shares that are ex­pressly con­ferred on them by the ori­gin­al art­icles of as­so­ci­ation or by amend­ment there­of. In oth­er re­spects they are of equal status with the or­din­ary shares.

2 In par­tic­u­lar, pref­er­en­tial rights may re­late to the di­vidend, with or without rights to cu­mu­lat­ive di­vidends, to the share in the pro­ceeds of li­quid­a­tion and to sub­scrip­tion rights in the event that new shares are is­sued.