The competent court to hear a shareholder derivative lawsuit shall be the one within the jurisdiction of the company headquarters.
A shareholder derivative lawsuit shall be time-barred after three (3) years following the commission of tort, or following its disclosure where it was concealed. For crimes, the shareholder derivative lawsuit shall be time-barred after ten (10) years.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 53
The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision.
How Lex Cameroon marks its texts →
Section 170 of the Acte uniforme révisé relatif au droit des sociétés commerciales et du groupement d'intérêt économique/akn/ohada/act/loi/2014-01-30/auscgie-2014