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


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Art. 623

II. Split­ting and con­sol­id­at­ing shares

 

1 By amend­ing the art­icles of as­so­ci­ation, the gen­er­al meet­ing may di­vide the shares in­to shares with a lower nom­in­al value or con­sol­id­ate them in­to shares with a high­er nom­in­al value, provided the share cap­it­al311 re­mains the same.

2 The con­sol­id­a­tion of shares that are not lis­ted on a stock ex­change re­quires the con­sent of all the share­hold­ers con­cerned.312

311 Term in ac­cord­ance with No II 1 of the FA of 4 Oct. 1991, in force since 1 Ju­ly 1992 (AS 1992 733; BBl 1983 II 745). This amend­ment has been made throughout the Code.

312 Amended by No I of the FA of 19 June 2020 (Com­pany Law), in force since 1 Jan. 2023 (AS 2020 4005; 2022 109; BBl 2017 399).

 
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