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

Art. 853

B. Share cer­ti­fic­ates

 

1 Where a co­oper­at­ive has shares, each mem­ber join­ing it must take at least one.


2 The art­icles of as­so­ci­ation may stip­u­late that mul­tiple shares may be ac­quired, up to a spe­cified max­im­um.

3 Share cer­ti­fic­ates are made out in the mem­ber’s name. However, they may not be made out in the form of ne­go­ti­able se­cur­it­ies, but only as doc­u­ments in proof.

 

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