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


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Art. 684a469

III. In the case of over­indebted com­pan­ies that do not op­er­ate as a busi­ness and have no as­sets

 

1 If a com­pany no longer op­er­ates as a busi­ness, no longer has any dis­pos­able as­sets and is over­indebted, the trans­fer of shares is null and void.

2 If the com­mer­cial re­gister of­fice in con­nec­tion with a no­ti­fic­a­tion reas­on­ably sus­pects such a share trans­fer, it shall re­quest the com­pany to sub­mit its cur­rent signed and, if the com­pany has an aud­it­or, audited an­nu­al ac­counts. If the com­pany fails to com­ply with this re­quest or if the an­nu­al ac­counts con­firm the sus­pi­cion, the com­mer­cial re­gister of­fice shall re­fuse the re­ques­ted entry.

3 Art­icle 934 re­mains re­served.

469 In­ser­ted by No I 1 of the FA of 18 March 2022 on Com­bat­ing Ab­use of Bank­ruptcy Pro­ced­ures, in force since 1 Jan. 2025 (AS 2023 628; BBl 2019 5193).

 
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