Any deed recording the assignment of anenterprise must state:
1) for natural persons, the full civil status of the seller and buyer, and for legal entities, their name, their enterprise, their legal form and address of their registered office;
2) the activities of the seller and the buyer;
3) their registration numbers in the Register of Commerce and Securities;
4) where applicable, the source of the enterprise with respect to the previous owner;
5) the state of liens, pledges and entries encumbering theenterprise;
6) turnoverfor eachofthree last financial years of exploitation, or since its acquisition if the enterprise has not been operated for more than three years;
7) profits and losses during the same period;
8) theleaseannexedtothe deed stating its date, term, name and address of the lessor and the assignor, where applicable;
9) the price agreed;
10) the location and and list of assets sold withthe enterprise;
11) The name and address of the notary or banking institution designated as escrow agent if the sale takes place by private deed.
Unofficial translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 50
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 150 of the Acte uniforme révisé portant sur le droit commercial général/akn/ohada/act/loi/2010-12-15/audcg-2010
Report an error in this text
AI features are in beta
Where an official English or French text exists, we show it; where none does, we give
a translation, clearly marked as one and never presented as the official text. We make
every AI feature as accurate as we can, but it can be wrong and is not legal advice —
always check the cited official text.