Agreements approved or disapproved by the ordinary general meeting are binding on co-
contractors and third parties except when they are cancelled for fraud. However, and even in the
absence of fraud, the harmful consequences from the regulated agreements on the company,
including losses suffered by the company, and undue profits from the agreement, may be attributed to the director, general manager deputy general manager or the interested shareholder and, as the case may be, to the other members of the board of directors.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 124
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 443 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