Public limited companies issue negotiable securities.
The issuance of such securities is prohibited for companies other than those referred to in the first paragraph of this article. They are also prohibited to guarantee an issuance of negotiable securities. All contracts entered into, securities issued or guarantees granted in violation of the provisions of this paragraph shall be null.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 22
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 58 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