The company shall be represented in relation to third-parties, by a president appointed under the conditions set forth in the articles of association. The president is vested with the broadest powers to act in all circumstances on behalf of the company within the limits of the company purpose.
In its relations with third parties, the company shall be bound even by the actions of the president falling outside of the company purpose, under the conditions and limits set forth in article 122 above.
The articles of association may provide for the conditions under which one or more individuals other than the president, with the title of general manager or deputy general manager, may exercise the powers entrusted to him by this article.
The provisions of the articles of association, the decisions of legal representatives restricting the powers of the president, the general manager or deputy general manager shall not be enforceable against third parties.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 235
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 853-8 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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