Lex Cameroon

Uniform Act relating to commercial companies and economic interest groups › Title 3 › Chapter 7

SECTION 47

Where the contribution is in the form of leasehold, the contributor shall stand surety for the company just as the lessor for the lessee. However, where the contribution is in the form of interchangeable goods or any other property which normally needs to be renewed during the existence of the company, the contract shall transfer ownership of the property to the company, on condition that it gives an equal quantity, quality and value in return. In that case, the contributor shall stand surety for the company under the conditions provided in the preceding article.
Official translation Spot-checked In force from 17 April 1997 Source page 24

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Texte français

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Contents

Section 47 of the Uniform Act relating to commercial companies and economic interest groups /akn/ohada/act/loi/undated/auscgie-1997
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