Deliberations of the special meeting shall be valid only where shareholders present or represented hold at least half of the shares, on the first call, and one quarter of shares, on the second call.
Absent the last quorum, the meeting shall be held within a period of two (2) months from the date fixed by the second notice of meeting. The quorum shall remain fixed at one quarter of the shareholders present or represented holding at least one quarter of shares.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 150
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 556 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.