Shall face a criminal charge the liquidator who, in bad faith:
1) has used the assets or credit of the company under liquidation in a fashion/manner/for a purpose he knew was contrary to its interests, for personal gain or to favor another legal entity in which he has direct or indirect interest; 2) has assigned all or part of the assets of the company under liquidation to an individual who, in the company, was a name partner, general partner, manager, and member of the board of directors, general director or auditor, without having obtained the unanimous consent of the members or, failing that, the authorization of the competent court.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 252
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 904 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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