In the event of closure due to insufficient assets, the group representative or the designated management representative shall enforce the rights of bondholders.
Costs incurred by the representation of the bondholders during the liquidation of assets or judicial reorganization of the company shall be borne by the latter and shall be considered receivership judicial expenses.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 205
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 793 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