Where the amount of a reserve account constituted by deductions from company profits is equal to the redeemed amount of shares or the matching class of shares, the reconversion is achieved.
The board of directors or the general director, as the case may be, is authorized to make the necessary changes to the provisions of the articles of association insofar as such amendments materially correspond to the results of the transaction.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 174
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 661 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