In the case of a company whose shares are not listed on a stock exchange, any person who wishes to exercise the right to vote attached toshares deposited with them shall ask the depositors for voting instructions prior to every general meeting.
Where the depositors’ instructions cannot be obtained in good time, the custodian exercises their right to vote in accordance with their general instructions; if they do not have any instructions, they shall abstain.
Institutions subject to the Federal Act of 8 November 19341on Banks and Savings Banks and financial institutions in accordance with the Financial Institutions Act of 15 June 20182are deemed to be custodians acting as representatives.