Concerning third-party shares, the transfer shall only be possible with the consent of the majority of members who are not transferors.
The members shall be notified of the assignment project of the cooperative.
If the cooperative did not communicate its decision within three months of the notification referred to in the paragraph above, consent to the transfer is deemed granted.
Paragraph 2: Transfer due to death
Unofficial translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 58
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 220 of the Acte uniforme relatif au droit des sociétés coopératives/akn/ohada/act/loi/2010-12-15/auscoop-2010
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