The role of representative of the group can be awarded only to natural or legal entities residing in the State party where the headquarters of the debtor company is located.
May not be chosen as group representative:
1) the debtor company; 2) companies with a stake in the debtor company; 3) companies guaranteeing all or part of the commitments of the debtor company; 4) members of company management or directors of the debtor company or a company with an a stake in its capital, as well as their ascendants, descendants or spouses; 5) employees of companies mentioned above; 6) auditors of companies mentioned above; 7) persons banned from exercising the profession of a banker, or who are deprived of the right to lead, administer or manage a company in any capacity.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 204
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 787 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