The negotiation on a promise of shares is prohibited unless it concerns shares to be issued during a capital increase of a company whose old shares are already listed on the official list of a stock exchange of one or more States parties. In this case, the negotiation shall only be valid if it is carried out under the condition precedent of the realization of the capital increase. Absent an express statement, such condition is presumed.
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 760 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