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

Art. 902OR from 2022

Art. 902

¹ The directors must conduct the business of the cooperative with all diligence and employ their best endeavours to further the cooperative’s cause.

² In particular, they have a duty:

1.

to prepare the business of the general assembly of members and implement its resolutions;

2.

to supervise the persons entrusted with the cooperative’s business management and representation with regard to compliance with the law, the articles of association and any applicable regulations and to keep themselves regularly informed of the society’s business performance.

³ The directors are responsible for ensuring that the minutes of their meetings, the minutes of the general assembly, the necessary accounting records and the membership list are kept properly, that the profit and loss account and the annual balance sheet are drawn up and submitted to the auditor for examination in accordance with the statutory provisions and that the prescribed notifications concerning accessions and departures of members are made to the commercial registry.⁵⁹⁸

⁵⁹⁸ Amended by No I 3 of the FA of 16 Dec. 2005 (Law on Limited Liability Companies and Amendments to the Law on Companies limited by Shares, Cooperatives, the Commercial Register and Business Names), in force since 1 Jan. 2008 (AS 2007 4791; BBl 2002 3148, 2004 3969).

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