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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. 659b373

III. Ac­quis­i­tion by sub­si­di­ar­ies

 

1 Where 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.

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

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

373In­ser­ted by No I of the FA of 4 Oct. 1991, in force since 1 Ju­ly 1992 (AS 1992 733; BBl 1983 II 745).