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

Art. 725603

VII. Im­min­ent in­solv­ency, loss of cap­it­al and over­indebted­ness

1. Im­min­ent In­solv­ency

 

1 The board of directors shall monitor the solvency of the company.

2 If the company is threatened with insolvency, the board of directors shall take measures to ensure its solvency. It shall take, where necessary, further measures to restructure the company or shall request the general meeting to approve such measures if they fall within the competence of the general meeting. It shall, if necessary, apply for a debt restructuring moratorium.

3 The board of directors shall act with the required urgency.

603 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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