The application of article 757 of this uniform Act may only be override by the general meeting ruling under the conditions of quorum and majority as that of an extraordinary meeting and such deliberation shall be valid only where the board of directors or the general director, as the case may be, state in their report to the general meeting the reasons for the capital increase, as well as the persons to whom the new shares will be allotted and the number of shares allotted to each of them, the issue price, and the basis on which it was set.
Shares negotiability
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 194
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 758 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