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

¹ The art­icles of as­so­ci­ation may stip­u­late the grounds on which a mem­ber may be ex­cluded.

² Moreover, a mem­ber may be ex­cluded at any time for good cause.

³ Ex­clu­sions are de­cided by the gen­er­al as­sembly. The art­icles of as­so­ci­ation may stip­u­late that the dir­ect­ors are re­spons­ible, in which case the ex­cluded mem­ber has right of re­course to the gen­er­al as­sembly. A mem­ber may ap­peal against his ex­clu­sion to the courts with­in three months.

⁴ The ex­cluded mem­ber may be re­quired to pay an ap­pro­pri­ate sev­er­ance pen­alty on the same con­di­tions as ap­ply to mem­bers with an un­res­tric­ted right of de­par­ture.