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


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Art. 656c421

III. Leg­al status of the par­ti­cip­a­tion cer­ti­fic­ate hold­ers

1. In gen­er­al

 

1 Par­ti­cip­a­tion cer­ti­fic­ate hold­ers have no right to vote and, un­less oth­er­wise provided by the art­icles of as­so­ci­ation, none of the rights as­so­ci­ated there­with.

2 Rights as­so­ci­ated with the right to vote are the right to con­vene a gen­er­al meet­ing, the right to at­tend such a meet­ing, the right to in­form­a­tion, the right of in­spec­tion and the right to table agenda items and mo­tions.422

3 Sub­ject to the same re­quire­ments as the share­hold­er, the par­ti­cip­a­tion cer­ti­fic­ate hold­er has the right to in­stig­ate a spe­cial in­vest­ig­a­tion. If the art­icles of as­so­ci­ation do not provide for any more far-reach­ing rights, the par­ti­cip­a­tion cer­ti­fic­ate hold­er may sub­mit a writ­ten re­quest for in­form­a­tion, ac­cess to doc­u­ments or the in­stig­a­tion of a spe­cial in­vest­ig­a­tion to the gen­er­al meet­ing.423

421 In­ser­ted by No I of the FA of 4 Oct. 1991, in force since 1 Ju­ly 1992 (AS 1992 733; BBl 1983 II 745).

422 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).

423 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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