Federal Act on the Amendment of the Swiss Civil Code (OR) Art. 751

Zusammenfassung der Rechtsnorm OR:

The Swiss Code of Obligations is a central code of Swiss civil law that regulates the legal relationships between private individuals. It includes five books that cover various aspects of contract law, law of obligations and property law, including the formation, content and termination of contracts, as well as liability for breach of contract and tort. The Code of Obligations is an important code of law for business and everyday life in Switzerland, as it forms the basis for many legal relationships and contracts and has been in force since 1912, whereby it is regularly adapted to social and economic developments.

Art. 751 OR from 2024

Art. 751 Takeover by a public sector corporation

¹ Where the assets of a company limited by shares are taken over by the Confederation, by a canton or, under guarantee from the canton, by a district or commune, with the consent of the general meeting it may be agreed that no liquidation take place.

² The resolution of the general meeting must be made in accordance with the provisions governing dissolution and notified to the commercial register office.

³ On entry of the resolution in the commercial register, the transfer of the company’s assets and debts is complete and the company’s name must be deleted.