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


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Art. 652h378

9. Nullity of shares is­sued be­fore re­gis­tra­tion

 

Shares is­sued pri­or to en­ter­ing the cap­it­al in­crease in the com­mer­cial re­gister are void; the ob­lig­a­tions arising from the share sub­scrip­tion re­main ef­fect­ive.

378 In­ser­ted by No I of the FA of 4 Oct. 1991 (AS 1992 733; BBl 1983 II 745). 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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