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

Art. 915

E. Takeover by a pub­lic sec­tor cor­por­a­tion

 

1 Where the as­sets of a co­oper­at­ive are taken over by the Con­fed­er­a­tion, by a can­ton or, un­der guar­an­tee from the can­ton, by a dis­trict or com­mune, with the con­sent of the gen­er­al as­sembly of mem­bers it may be agreed that no li­quid­a­tion will take place.

2 The res­ol­u­tion of the gen­er­al as­sembly of mem­bers must be made in ac­cord­ance with the pro­vi­sions gov­ern­ing dis­sol­u­tion and no­tice there­of giv­en to the com­mer­cial re­gister of­fice.

3 On entry of such res­ol­u­tion in the com­mer­cial re­gister, the trans­fer of the co­oper­at­ive’s as­sets and debts is com­plete and the co­oper­at­ive's name must be de­leted.

 

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