Membership shares shall confer to their holder:
-
a right to the surplus earnings generated by the cooperative when their distribution was decided pursuant to the statutory provisions;
-
a right to all the advantages and benefits of the cooperative;
-
the right to participate in the collective decisions of shareholders and to vote;
-
The right, in any case, to exercise or benefit, within the limits of the provisions of this Uniform Act and the Articles of Association, from the rights attached to the status of a
shareholder. Rights mentioned above must be exercised under the conditions laid down
for each form of a cooperative. Such rights may be suspended or repealed pursuant to the express provisions of this Uniform Act.
Sub-paragraph 2: Obligations
Unofficial translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 21
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 →