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


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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).

 

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