The company or a partner may submit to the competent court, within the time limit prescribed in the preceding article, any measure likely to revoke the motivations for actions of the petitioner, notably the repurchase of securities of the incapacitated member or the one whose consent was defective.
In such case, the competent court may either pronounce the invalidity, or make the proposed measures compulsory where they have been previously adopted by the company under the conditions set forth for the amendment of the articles of association.
The member whose securities repurchase is being requested shall not take part in the vote and his shares or equity interests shall not be taken into account in the calculation of quorum and majority.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 70
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 249 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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