Lex Cameroon

Acte uniforme relatif au droit des sociétés coopératives › Title 3 › Chapter 2

SECTION 130

Today
Any clause of the Articles of Association subordinating the exercise of the derivative lawsuit to the prior notice or authorization of the general meeting, the administrative and management committee or which should waive in advance the right to file such a suit may be deemed unenforceable. Moreover, no decision of the general meeting of the members, the management or administration board may have the effect of closing any tort action against managers for misconduct in the performance of their duties.
Unofficial translation Transcription: Spot-checked In force from 16-05-2011 Source page 40

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ARTICLE 130

Contents

Section 130 of the Acte uniforme relatif au droit des sociétés coopératives /akn/ohada/act/loi/2010-12-15/auscoop-2010
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