Any clause of the Articles of Association subordinating the exercise of the derivative lawsuit to the prior notice or authorization of the general meeting, the administrative and management committee or which should waive in advance the right to file such a suit may be deemed unenforceable.
Moreover, no decision of the general meeting of the members, the management or administration board may have the effect of closing any tort action against managers for misconduct in the performance of their duties.
Unofficial translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 40
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 130 of the Acte uniforme relatif au droit des sociétés coopératives/akn/ohada/act/loi/2010-12-15/auscoop-2010
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