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

¹ Un­less the art­icles of as­so­ci­ation provide oth­er­wise, once the debts of the dis­solved com­pany have been dis­charged, its as­sets are dis­trib­uted among the share­hold­ers in pro­por­tion to the amounts they con­trib­uted and with due re­gard to the pref­er­en­tial rights at­tach­ing to spe­cif­ic classes of shares.⁶³⁵

² The dis­tri­bu­tion may take place no soon­er than one year after the day on which the call to cred­it­ors was made.⁶³⁶

³ Such dis­tri­bu­tion may take place after only three months where a li­censed audit ex­pert con­firms that the debts have been re­deemed and that in the cir­cum­stances it may safely be as­sumed that no third-party in­terests will be harmed.⁶³⁷