Unless there is unanimous consent of the members, the assignment of all or part of the assets of the cooperative under liquidation to an individual who was once a member of the management committee or the board of directors may take place only with the authorization of the competent court.
In all cases, such assignment may only intervene with the respect to commitments made by the cooperative for its shareholders.
Unofficial translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 51
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 188 of the Acte uniforme relatif au droit des sociétés coopératives/akn/ohada/act/loi/2010-12-15/auscoop-2010
Report an error in this text
AI features are in beta
Where an official English or French text exists, we show it; where none does, we give
a translation, clearly marked as one and never presented as the official text. We make
every AI feature as accurate as we can, but it can be wrong and is not legal advice —
always check the cited official text.