Commentaries: Art. 879

The supreme governing body of a cooperative is the general assembly of members.
It has the following inalienable powers:
to determine and amend the articles of association; 2.¹ to elect the board and the external auditor; 2^bis.² to approve the annual accounts and if applicable to pass resolutions on the allocation of the balance sheet profit; 3.³ to approve the management report and the consolidated accounts; 3^bis.⁴ to pass resolutions on repaying capital reserves;
to discharge the board;
to make resolutions concerning the matters reserved to the general assembly of members by law or the articles of association.

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). ↩
Inserted 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). ↩
Amended by No I 3 of the FA of 23 Dec. 2011 (Financial Reporting Law), in force since 1 Jan. 2013 (AS 2012 6679;BBl 2008 1589). ↩
Inserted 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). ↩

Art. 879