When the address of the terminated member is unknown to the cooperative despite all reasonable efforts to find him, and two years have elapsed since the termination, the cooperative shall transfer all sums owed to him to a reserve fund. Such sums shall no longer bear interests beyond a period of two (2) years from their deposit into the reserve fund.
Amounts thus transferred shall be paid to any individual who shows evidence that he is entitled to that money within a period of five (05) years from the transfer. They shall be acquired on a precarious basis to the State after a five (05) year period.
Unofficial translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 14
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 16 of the Acte uniforme relatif au droit des sociétés coopératives/akn/ohada/act/loi/2010-12-15/auscoop-2010
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