Under penalty of invalidity of the contract, it is forbidden to natural persons, managers or members to contract, under any form whatsoever, loans from the company, to obtain from the company an overdraft on a checking account or otherwise, as well as to have the company guarantee or endorse their commitments towards third parties.
This prohibition also apply to spouses, ascendants and descendants of the persons referred to in the first paragraph of this article, as well as to any intermediary.
Extraordinary collective decisions
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 102
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 356 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