Where the meeting rules for a capital reduction not motivated by losses, creditors, whose claim was contracted before the date of the publication of the notice pertaining to the minutes of the deliberations in a legal newspaper, may object to the capital reduction within thirty (30) days from the date of publication of such notice.
The objection shall be notified to the company by notice served by a bailiff or by any means that can establish its actual receipt by the addressee. The court that has been petitioned shall reject the objection or order either debt repayment or provision of guarantees if the company offers them and if they are deemed sufficient.
Capital reduction operations may not be initiated during the objection period.
Variation of equity
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 106
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 370 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