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Art. 690 – Multiple beneficiaries

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Art. 690

1

Where a share is owned collectively, the beneficiaries of the rights it confers may exercise such rights only through a joint representative.

2

In the case of the usufruct of a share, such rights are represented by the usufructuary; the usufructuary is liable in damages to the owner for any failure to take due account of the latter’s interests when exercising them.

Legal act context
SR 220 · CO · Federal act · Federal Act of 30 March 1911 on the Amendment of the Swiss Civil Code (Part Five: The Code of Obligations)
Structure path
Division Three: Commercial Enterprises and the Cooperative Twenty-Sixth title: The Company Limited by Shares Section Two: Rights and Obligations of Shareholders J. Personal membership rights I. Teilnahme an the general meeting 4. Multiple beneficiaries
Language
English (en)
Data status
2026-01-01

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