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)


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Art. 973b803

II. Glob­al cer­ti­fic­ate

 

1 The ob­lig­or may is­sue glob­al cer­ti­fic­ates or to re­place two or more fun­gible ne­go­ti­able se­cur­it­ies en­trus­ted to a single bailee with a glob­al cer­ti­fic­ate, provided the con­di­tions for is­sue or the art­icles of as­so­ci­ation of the com­pany provide there­for or the bail­ors have con­sen­ted thereto.

2 The glob­al cer­ti­fic­ate is a ne­go­ti­able se­cur­ity in the same form as the in­di­vidu­al rights that it rep­res­ents. It is jointly owned by the par­ti­cipant bail­ors, in pro­por­tion to their shares. The status and rights of the joint own­ers in re­la­tion to the glob­al cer­ti­fic­ate are gov­erned by Art­icle 973a para­graph 2 mu­tatis mutandis.

803 In­ser­ted by An­nex No 3 of the Un­cer­ti­fic­ated Se­cur­it­ies Act of 3 Oct. 2008, in force since 1 Jan. 2010 (AS 2009 3577; BBl 2006 9315).

 
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