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

¹ A lim­ited li­ab­il­ity com­pany is an in­cor­por­ated com­pany with sep­ar­ate leg­al per­son­al­ity in which one or more per­sons or com­mer­cial en­ter­prises par­ti­cip­ate. Its nom­in­al cap­it­al is spe­cified in the art­icles of as­so­ci­ation. It is li­able for its ob­lig­a­tions to the ex­tent of the com­pany as­sets.

² Each com­pany mem­ber par­ti­cip­ates in the nom­in­al cap­it­al by mak­ing at least one cap­it­al con­tri­bu­tion. The art­icles of as­so­ci­ation may stip­u­late ob­lig­a­tions to make ad­di­tion­al fin­an­cial and ma­ter­i­al con­tri­bu­tions.