Shares issued before the company is entered in the commercial register are void; obligations arising from the share subscription are unaffected thereby.1
A person issuing shares prior to such entry is liable for all resultant losses.
Footnotes
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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