The liquidator shall be liable to the company and third parties for damaging consequences resulting from his wrongdoings during the performance of his duties.
Shareholders derivative lawsuit or individual suit for civil liability against the liquidator shall be timed-barred after three (3) years, from the date of the damaging fact or, from the date of its disclosure in case it was concealed.
However, when the fact is deemed a crime, the lawsuit shall be time-barred after a period of ten (10) years.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 64
The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision.
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Section 221 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
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