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

¹ The li­quid­at­ors wind up the dis­solved part­ner­ship’s cur­rent busi­ness, dis­charge its ob­lig­a­tions, call in all debts re­ceiv­able and real­ise its as­sets as re­quired for the di­vi­sion there­of.

² They rep­res­ent the part­ner­ship in all trans­ac­tions car­ried out for li­quid­a­tion pur­poses, are en­titled to con­duct leg­al pro­ceed­ings, reach set­tle­ments, con­clude ar­bit­ra­tion agree­ments and even, where re­quired for li­quid­a­tion pur­poses, ef­fect new trans­ac­tions.

³ Where a part­ner ob­jects to a de­cision by the li­quid­at­ors to sell part­ner­ship as­sets at an over­all sale price or to their re­fus­al of such a sale or to the man­ner in which they in­tend to dis­pose of im­mov­able prop­erty, at his re­quest the court will de­cide the mat­ter.

⁴ The part­ner­ship is li­able for any dam­age res­ult­ing from torts com­mit­ted by a li­quid­at­or in the ex­er­cise of his func­tion.