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

Art. 821

A. Dis­sol­u­tion

I. Grounds

 

1 A lim­ited li­ab­il­ity com­pany must be dis­solved:

1.
if ground for dis­sol­u­tion stated in the art­icles of as­so­ci­ation ap­plies;
2.
if the mem­bers’ gen­er­al meet­ing so re­solves;
3.
if bank­ruptcy pro­ceed­ings are com­menced;
4.
in the oth­er cases provided for by the law.

2 If the mem­bers’ gen­er­al meet­ing re­solves to dis­solve the com­pany, the res­ol­u­tion must be done as a pub­lic deed.

3 Any com­pany mem­ber may re­quest the court to dis­solve the com­pany for good cause. In­stead of dis­sol­u­tion, the court may opt for an al­tern­at­ive solu­tion that is ap­pro­pri­ate and reas­on­able for the per­sons con­cerned, such as the pay­ment of a fin­an­cial set­tle­ment to the com­pany mem­ber re­quest­ing dis­sol­u­tion com­men­sur­ate with the true value of his cap­it­al con­tri­bu­tion.

 

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