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


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Art. 686480

4. Share re­gister

a. Entry

 

1 The com­pany keeps a share re­gister of re­gistered shares in which the names and ad­dresses of the own­ers and usu­fructu­ar­ies are re­cor­ded. It must be kept in such a man­ner that it can be ac­cessed at any time in Switzer­land.481

2 Entry in the share re­gister re­quires doc­u­ment­ary proof that the share was ac­quired for own­er­ship or of the reas­ons for the usu­fruct there­of.

2bis Com­pan­ies whoseshares are listed on a stock exchange shall ensure that the owners or usufructuaries may apply for entry in the share register electronically.482

3 The com­pany must cer­ti­fy such entry on the share cer­ti­fic­ate.

4 In re­la­tion to the com­pany the share­hold­er or usu­fructu­ary is the per­son entered in the share re­gister.

5 The doc­u­ments on which an entry is based must be re­tained for ten years fol­low­ing the de­le­tion of the own­er or usu­fructu­ary from the share re­gister.483

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

481 Second sen­tence in­ser­ted by No I 2 of the FA of 12 Dec. 2014 on the Im­ple­ment­a­tion of the 2012 re­vised re­com­mend­a­tions of the Fin­an­cial Ac­tion Task Force, in force since 1 Ju­ly 2015 (AS 20151389; BBl 2014605).

482 In­ser­ted 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).

483 In­ser­ted by No I 2 of the FA of 12 Dec. 2014 on the Im­ple­ment­a­tion of the 2012 re­vised re­com­mend­a­tions of the Fin­an­cial Ac­tion Task Force, in force since 1 Ju­ly 2015 (AS 20151389; BBl 2014605).

 
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