Sums of money used for repayment of shares shall be deducted from profits or from reserves not provided for in the articles of association.
They may not be withdrawn neither from legal reserve nor, unless otherwise decided by the extraordinary general meeting, from reserves provided for in the articles of association.
Refund of shares shall not have for effect the reduction of shareholders’ equity to an amount lower than the amount of the stated capital plus non-distributable reserves by law or by the articles of association.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 173
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 655 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