Lex Cameroon

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

SECTION 904

Any liquidator who, in bad faith 1°) uses the assets or credit of a company under liquidation in a way he knows is contrary to the interests of the company, for personal ends or in the interest of another corporate person in which he has an interest directly or indirectly ; or 2°) transfers all or part of the assets of a company under liquidation to a person who has had in the company the status of partner in name, active partner, manager, member of the board of directors, managing director or auditor, without having obtained the unanimous consent of the partners or failing this, the authorization of the competent court shall be criminally liable.
Official translation Spot-checked In force from 17 April 1997 Source page 198

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Texte français

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Contents

Section 904 of the Uniform Act relating to commercial companies and economic interest groups /akn/ohada/act/loi/undated/auscgie-1997
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