Ordinary collective decisions shall be taken by the ordinary general meeting. Their purpose is:
1) to approve the financial statements of the preceding fiscal year;
2) to allow the management to carry out transactions prescribed in the articles as per prior agreement of the members;
3) to appoint and replace members of the management committee;
4) to approve the agreements entered into by the simplified cooperative and members of the management committee or one of the members;
5) In general, to rule on issues which do not entail the amendment of articles.
Ordinary collective decisions shall be taken by the majority of members present or represented of the simplified cooperative.
Paragraph 1: Holding of the ordinary general meeting
Unofficial translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 63
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 242 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.