When old shares have usufruct attached to them, the usufructuary and the underlying title holder may set the conditions for exercising the pre-emption right and allocation of new shares as they see fit.
Failing an agreement between the parties, the provisions of articles 582 to 585 hereinafter are applicable.
These provisions also apply, where the parties fail to act, in case of allotment of bonus shares.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 154
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 581 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