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Art. 644
II. Nullity of shares issued before registration 1 Shares issued before the company is entered in the commercial register are void; obligations arising from the share subscription are unaffected thereby.349 2 A person issuing shares prior to such entry is liable for all resultant losses. 349 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). |