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


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Art. 656

2. Status of pref­er­ence shares

 

1 Pref­er­ence shares en­joy the pref­er­en­tial rights vis-à-vis or­din­ary shares that are ex­pressly con­ferred on them by the ori­gin­al art­icles of as­so­ci­ation or by amend­ment there­of. In oth­er re­spects, they are of equal status with the or­din­ary shares.

2 In par­tic­u­lar, pref­er­en­tial rights may re­late to the di­vidend, with or without rights to cu­mu­lat­ive di­vidends, to the share in the pro­ceeds of li­quid­a­tion and to sub­scrip­tion rights in the event that new shares are is­sued.

 
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