Suretyships, endorsements and guarantees, counter-guarantees and other security interests granted to companies other than credit institutions, microfinance or guarantee insurance institutions, duly approved by the general director or the deputy general director shall be enforceable against the company only if they received prior authorization from the ordinary general meeting either as a general decision, or a special one.
Prohibited agreements
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 138
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 506 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