The founders and first members of the management body, officers and the board shall be jointly and severally liable for damages caused either by failing to include a compulsory information in the articles of association, or by omitting or by improperly accomplishing a prescribed formality for the formation of the company.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 27
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 78 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