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

of 30 March 1911 (Status as of 9 February 2023)

Art. 917

B. Li­ab­il­ity to the co­oper­at­ive, mem­bers and cred­it­ors

 

1 Any dir­ect­or or li­quid­at­or who wil­fully or neg­li­gently breaches their stat­utory du­ties with re­gard to the over­indebted­ness of the co­oper­at­ive is li­able to the co­oper­at­ive, the in­di­vidu­al mem­bers and the cred­it­ors for the losses arising.

2 Claims for com­pens­a­tion for losses suffered by the mem­bers and the cred­it­ors only in­dir­ectly through harm done to the co­oper­at­ive must be brought in ac­cord­ance with the pro­vi­sions gov­ern­ing com­pan­ies lim­ited by shares.