When the merger is carried out by contribution to a new private limited company, the latter may be formed without other contribution than that from the merging companies.
When the demerger is realized by contribution to new private limited companies, these may be formed without other contribution than that from the company being split. In such case, and where the equity interests of each new company are allocated to partners of the company split proportionally to their rights in the stated capital of this company, the report referred to in article 672 hereinafter is not required.
In cases referred to in the two foregoing paragraphs, members of the disappearing companies may act automatically as founders of the new companies and shall proceed in accordance with the provisions of this book.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 109
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 383 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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