Lex Cameroon

Acte uniforme révisé relatif au droit des sociétés commerciales et du groupement d'intérêt économique › Book 3 › Title 2 › Chapter 2

SECTION 329

Today
In dealings with third parties, the manager is vested with the broadest authority to act in all circumstances on behalf of the company, subject to the powers which this uniform Act expressly attributed/granted to members. The company shall be bound, even by the actions of the manager that do not fall within the company purpose, unless it can establish that the third party knew that the action exceeded such purpose, or that he could not have been unaware of it given the circumstances, with the understanding that the mere publication of the articles of association is enough to constitute such evidence. Provisions of the articles of association limiting the powers of managers which result from this article shall not be enforceable against bona fide third parties. Liability of managers
Unofficial translation Transcription: Spot-checked In force from 05-05-2014 Source page 95

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ARTICLE 329

Contents

Section 329 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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