Federal Act
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Art. 861
4. Annual profit at credit cooperatives 1 Credit cooperatives may lay down articles of association that derogate from the provisions governing distribution of annual profit contained in the previous articles, but they too are obliged to form a reserve fund and to use it in accordance with the above provisions. 2 Each year at least one-tenth of the annual profit must be allocated to the reserve fund until it equals one-tenth of the cooperative’s nominal capital. 3 Where a portion of the annual profit is paid out to holders of shares in the cooperative and that portion exceeds the usual rate of interest for long-term loans without special security, one-tenth of the amount by which it exceeds the usual interest rate must likewise be allocated to the reserve fund. BGE
140 III 206 (4A_363/2013) from 28. April 2014
Regeste: Ausgabe von Partizipationsscheinen bei der Genossenschaft. Die Ausgabe von Partizipationsscheinen ist bei der Genossenschaft (Art. 828 ff. OR) nach geltendem Recht unzulässig (E. 3). |