Notwithstanding the provisions of article 688 above, it may be stipulated that companies benefiting from the demerger shall only be liable for the portion of the liabilities of the company being split to be borne by them up to the portion respectively imposed on them and without solidarity among them.
In this case, creditors that are not bondholders of the participating companies may object to the demerger under the conditions and effects stipulated in articles 679 paragraph 2 et seq. above.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 180
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 689 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