The renunciation without mention of beneficiaries must be accompanied, for bearer shares, by matching coupons or a certificate from the securities depository recording the shareholder’s renunciation.
The renunciation made in favor of designated beneficiaries must be accompanied by the acceptance of the said beneficiaries.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 157
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 595 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