Art. 623 II. Splitting and consolidating shares
1 By amending the articles of association, the general meeting may divide the shares into shares with a lower nominal value or consolidate them into shares with a higher nominal value, provided the share capital (1) remains the same.
2 The consolidation of shares that are not listed on a stock exchange requires the consent of all the shareholders concerned. (2)
(1) Term in accordance with No II 1 of the FA of 4 Oct. 1991, in force since 1 July 1992 (AS 1992 733; BBl 1983 II 745). This amendment has been made throughout the Code.