The ordinary meeting of bondholders shall deliberate on the appointment of the group representatives, the term of their duties, their compensation, where appropriate, their alternate, their call as well as any measure aimed to ensure the defense of bondholders and the enforcement of the loan agreement, expenditure management these measures may cause, and in general, all measures of protective or administrative nature.
The ordinary meeting shall deliberate under the conditions of quorum provided for in article 549 above. It shall act by a majority of votes of bondholders present or represented.
Any decision taken in violation of this article shall be null.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 207
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 803 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