Shares cancellation shall be evidenced, where they are in a nominative instruments, by an entry in the company nominative share register.
In the case of bearer shares, the cancellation of shares shall be evidenced by a transfer to an account opened in the name of the company, either within the company or with an intermediary.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 172
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 650 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