In a company whose shares are not admitted to trading on a stock exchange, the articles of association may stipulate that shares transfer to a third-party outside the company, whether free of charge or against payment, shall be subject to the approval of the board of directors or the ordinary general meeting of shareholders.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 196
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 765-3 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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