The new shares shall belong to the underlying title holder for underlying title and to the usufructuary for usufruct. However in the event the underlying title holder or the usufructuary provides funds to make or finalize a subscription, the new shares shall belong to the underlying title holder and the usufructuary only up to the limit of the subscription rights: the excess of the new shares shall belong, as a free hold, to the party who paid for them.
Removal of pre-emptive rights
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 155
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 585 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