Where the approval is granted by the meeting, the transferor shall not take part in the vote and his shares shall be deducted for the calculation of quorum and majority. The same shall apply if the transferor is a director when the approval is granted by the board of directors. Any decision taken in violation of this article shall be null.
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 766 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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