The extraordinary meeting of bondholders shall deliberate on any proposal aimed at amending the loan agreement such as:
1) the change of the purpose or type of the company; 2) its merger or demerger; 3) any proposed settlement or transaction on contentious rights or which has been subject to a court decision; 4) the total or partial modification of guarantees or deferment of maturity; 5) the change of the headquarters; 6) the dissolution of the company.
The extraordinary meeting shall deliberate under the conditions of quorum provided for in article 553 above. It shall act by a majority of two-thirds of the votes of holders present or represented.
Any decision taken in violation of this article shall be null.
Voting rights
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 804 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