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. 697m451

III. Fail­ure to com­ply with ob­lig­a­tions to give no­tice

 

1 For as long as the share­hold­er fails to com­ply with their ob­lig­a­tions to give no­tice, the mem­ber­ship rights con­ferred by the shares in re­spect of which no­tice of ac­quis­i­tion must be giv­en are sus­pen­ded.

2 The share­hold­er may only ex­er­cise the prop­erty rights con­ferred by the shares if they have com­plied with their ob­lig­a­tions to give no­tice.

3 If the share­hold­er fails to com­ply with their ob­lig­a­tions to give no­tice with­in one month of ac­quir­ing the shares, the prop­erty rights lapse. If they give no­tice at a later date, they may ex­er­cise the prop­erty rights arising from that date.

4 The board of dir­ect­ors shall en­sure that no share­hold­ers ex­er­cise their rights while in breach of their ob­lig­a­tions to give no­tice.

451 In­ser­ted by No I 2 of the FA of 12 Dec. 2014 on the Im­ple­ment­a­tion of the re­vised re­com­mend­a­tions 2012 of the Fin­an­cial Ac­tion Task Force, in force since 1 Ju­ly 2015 (AS 20151389; BBl 2014605).

 
Previous article Show article in the law Next article

Diese Seite ist durch reCAPTCHA geschützt und die Google Datenschutzrichtlinie und Nutzungsbedingungen gelten.

Feedback
Gesetzeskürzel Name
DE FR IT EN
DE FR IT EN
Laden