During issuance of securities representing claims on the issuing company, or giving the right to subscribe for or acquire a security, it may be stipulated that these securities shall only be reimbursed after other creditors’ claims have been paid.
In these types of securities, an order of priority of payments may also be set.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 192
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 747-1 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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