The competent court to hear a shareholder derivative lawsuit shall be the one within the jurisdiction of the company headquarters.
A shareholder derivative lawsuit shall be time-barred after three (3) years following the commission of tort, or following its disclosure where it was concealed. For crimes, the shareholder derivative lawsuit shall be time-barred after ten (10) years.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 53
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 170 of the Acte uniforme révisé relatif au droit des sociétés commerciales et du groupement d'intérêt économique/akn/ohada/act/loi/2014-01-30/auscgie-2014
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.