The proposed demerger shall be submitted to the meetings of bondholders of the company being split unless refund of bonds is offered at their demand. The demerger carried out in violation of this paragraph shall be null.
Where bonds are to be reimbursed on demand, companies benefiting from contributions resulting from the demerger shall be joint debtors of bondholders that demand to be reimbursed.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 179
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 686 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