New shares renounced by the shareholder without naming the beneficiaries may be subscribed for as reducible under the conditions set forth in article 576 above or, where appropriate, distributed among the shareholders or offered to the public under the conditions set forth in
article 579 above.
However, where the renunciation has been notified to the company no later than on the date the decision to increase the capital was executed, matching shares shall be made available to other shareholders so as to exercise their pre-emptive subscription rights on an irreducible basis and, where appropriate, on a reducible basis.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 158
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 596 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.