Document background
A Board Resolution To Purchase Property is a crucial corporate governance document required under Swiss law when a company intends to acquire real estate. It demonstrates that the decision to purchase property has been properly made at the appropriate corporate level, with due consideration of all relevant factors. The resolution must comply with both federal Swiss law (including the Swiss Civil Code and Code of Obligations) and cantonal requirements. It typically includes details of the property, purchase price, transaction terms, and specific authorizations for executing the purchase. This document is essential for land registry purposes and serves as evidence of proper corporate authorization for banks, notaries, and other parties involved in the transaction. The resolution should be maintained in the company's corporate records and may need to be presented to various authorities during the property acquisition process.
