In case of liquidation of assets or judicial reorganization of the company, representatives of the group of bondholders are entitled to act on its behalf. They claim as liabilities of the company in liquidation or the judicial reorganization for all bondholders in the group the principal and interest owed by the company to such bondholders.
They are not required to produce the titles of bondholders of the group to support their statement.
In case of complications, any bondholder may petition the competent court for the appointment an ad hoc representative to make the statement and to represent the group.
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 792 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