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


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Art. 653i398

7. De­le­tion

 

1 The board of dir­ect­ors may re­peal or amend the rel­ev­ant pro­vi­sion of the art­icles of as­so­ci­ation on the con­tin­gent cap­it­al if:

1.
the con­ver­sion or op­tion rights have ex­pired;
2.
no con­ver­sion or op­tion rights were gran­ted; or
3.
all or some of those en­titled have de­cided not to ex­er­cise the con­ver­sion or op­tion rights gran­ted to them.

2 The art­icles of as­so­ci­ation may only be amended if a li­censed audit ex­pert has con­firmed the cir­cum­stances in writ­ing.

398 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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