The practical procedures for merger or dissolution shall be adopted by an agreement signed between the cooperatives concerned, under the control of the parent organizations to which they are subsidiaries.
However, if the proposed transaction has the effect of increasing the commitments of the members, or of one or several cooperatives in question, it may only be decided unanimously by such cooperative or cooperatives.
Unofficial translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 48
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 175 of the Acte uniforme relatif au droit des sociétés coopératives/akn/ohada/act/loi/2010-12-15/auscoop-2010
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