Lex Cameroon

Uniform Act relating to commercial companies and economic interest groups › Title 2

SECTION 178

Where a company other than a public limited company or a private limited company has amongst its members a public limited company or private limited company with more than 10% of its capital, the former shall not hold shares and stocks in the latter. Where the contribution of the public limited company or private limited company in the company is equal to or less than 10%, it shall not hold more than 10% of the capital of the public limited company or private limited company. In the two cases provided under this article, if a company other than a public limited company or a private limited company already holds shares in the said public limited company or private limited company, it shall relinquish them. The shares or company stocks to be transferred shall lose their voting rights and payment of dividends attached thereto until they are effectively transferred.
Official translation Spot-checked In force from 17 April 1997 Source page 46

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Texte français

This provision has no official French version. You can read an unofficial machine translation — for understanding only, never to quote.

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Section 178 of the Uniform Act relating to commercial companies and economic interest groups /akn/ohada/act/loi/undated/auscgie-1997
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