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


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Art. 1175858

c. State­ment and bal­ance sheet

 

An ap­plic­a­tion to take the meas­ures de­scribed in Art­icle 1170 may be made by the bor­row­er and con­sidered by the cred­it­ors’ meet­ing only on the basis of status re­port drawn up as at the date of the cred­it­ors’ meet­ing or a bal­ance sheet drawn up as at a date no more than six months pri­or to the meet­ing in ac­cord­ance with stand­ard prac­tice and, where ap­plic­able, cer­ti­fied by the ex­tern­al aud­it­or as true and fair.

858 Amended by No I 3 of the FA of 16 Dec. 2005 (Law on Lim­ited Li­ab­il­ity Com­pan­ies and Amend­ments to the Law on Com­pan­ies lim­ited by Shares, Co­oper­at­ives, the Com­mer­cial Re­gister and Busi­ness Names), in force since 1 Jan. 2008 (AS 2007 4791; BBl 2002 3148, 2004 3969).

 

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