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

¹ Al­loc­a­tions to the re­serve fund and oth­er funds in ac­cord­ance with the law and the art­icles of as­so­ci­ation shall be de­duc­ted in the first in­stance from the an­nu­al profit avail­able for dis­tri­bu­tion.

² Where it is deemed ap­pro­pri­ate in or­der to se­cure the long-term suc­cess of the co­oper­at­ive, the gen­er­al as­sembly of mem­bers may also re­solve to cre­ate re­serves which are not en­vis­aged by or meet high­er re­quire­ments than are spe­cified by the law or the art­icles of as­so­ci­ation.

³ Sim­il­arly, con­tri­bu­tions may be de­duc­ted from the an­nu­al profit for the pur­pose of cre­at­ing and fin­an­cing wel­fare funds for em­ploy­ees, oth­er work­ers and mem­bers or for oth­er wel­fare pur­poses even where these are not en­vis­aged in the art­icles of as­so­ci­ation; such con­tri­bu­tions are sub­ject to the pro­vi­sions gov­ern­ing wel­fare funds es­tab­lished by the art­icles of as­so­ci­ation.