Where the contribution consists of the enjoyment of property, the contributor shall be a guarantor for the company as a lessor for the lessee. However, when the contribution consists of fungible goods or all other assets meant to be renewed during the company’s existence, the contract shall transfer ownership of the assets contributed to the company on condition that it gives an equal quantity, quality and value in return. In this case, the contributor shall be a guarantor for the company under the conditions laid down in the preceding article.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 20
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 47 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