The economic interest group shall be managed by one (1) or more natural person (s) or legal entity (-ies), provided that, if it is a legal entity, it shall appoint a permanent representative, who shall be liable for the same civil and criminal responsibilities as if he was director in his own name.
Subject to this reservation, the agreement or, absent an agreement, the meeting of the members of the economic interest group shall organize freely the management of the group and appoint directors whose responsibilities, powers and terms for removal it shall prescribe.
In dealings with third parties, a director shall commit the economic interest group for any act falling within the group purpose. Any limitation of powers shall not be enforceable against third parties.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 244
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 879 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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