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

Art. 867

II. Duty to make con­tri­bu­tions

 

1 The art­icles of as­so­ci­ation define the ob­lig­at­ory con­tri­bu­tions.

2 Where the mem­bers are ob­liged to pay in con­tri­bu­tions on share cer­ti­fic­ates or to make oth­er con­tri­bu­tions, the co­oper­at­ive must call them in by re­gistered let­ter with an ap­pro­pri­ate time lim­it for per­form­ance.

3 Where no pay­ment is forth­com­ing on first re­quest and the mem­ber fails to com­ply with­in one month of a second call for pay­ment, the mem­ber may be de­clared to have for­feited their rights as mem­ber of the co­oper­at­ive, provid­ing they were pre­vi­ously warned of this con­sequence by re­gistered let­ter.

4 Un­less the art­icles of as­so­ci­ation provide oth­er­wise, the de­clar­a­tion of for­feit­ure does not re­lease the mem­ber from ob­lig­a­tions already due or fall­ing due by vir­tue of their ex­clu­sion.

 

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