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

of 30 March 1911 (Status as of 1 January 2023)


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Art. 725596

VII. Im­min­ent in­solv­ency, loss of cap­it­al and over­indebted­ness

1. Im­min­ent In­solv­ency

 

1 The board of dir­ect­ors shall mon­it­or the solvency of the com­pany.

2 If the com­pany is threatened with in­solv­ency, the board of dir­ect­ors shall take meas­ures to en­sure its solvency. It shall take, where ne­ces­sary, fur­ther meas­ures to re­struc­ture the com­pany or shall re­quest the gen­er­al meet­ing to ap­prove such meas­ures if they fall with­in the com­pet­ence of the gen­er­al meet­ing. It shall, if ne­ces­sary, ap­ply for a debt re­struc­tur­ing morator­i­um.

3 The board of dir­ect­ors shall act with the re­quired ur­gency.

596 Amended by No I of the FA of 19 June 2020 (Com­pany Law), in force since 1 Jan. 2023 (AS 2020 4005; 2022 109; BBl 2017 399).

 
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