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


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Art. 621302

B. Share cap­it­al

 

1 The share cap­it­al amounts to at least 100,000 francs.

2 A share cap­it­al in the for­eign cur­rency re­quired for busi­ness op­er­a­tions is also per­mit­ted. At the time of found­a­tion, this must have a value equi­val­ent to at least 100,000 francs. If the share cap­it­al is in a for­eign cur­rency, the ac­counts must be kept and fin­an­cial re­ports must be filed in the same cur­rency. The Fed­er­al Coun­cil shall spe­cify which cur­ren­cies are per­mit­ted.

3 The gen­er­al meet­ing may re­solve to change the cur­rency of the share cap­it­al at the start of any fin­an­cial year. In such an event, the board of dir­ect­ors shall amend the art­icles of as­so­ci­ation. It shall es­tab­lish that the re­quire­ments of para­graph 2 have been met, and spe­cify the ex­change rate ap­plied. The res­ol­u­tions of the gen­er­al meet­ing and of the board of directors must be done as a public deed.

302 Amended by No I of the FA of 19 June 2020 (Com­pany Law), in force since 1 Jan. 2023 (AS 2020 4005; 2022 109; BBl 2017 399).

 

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