The membership shares representing cash contributions shall be fully paid during the subscription of capital, at least a quarter of their par value.
The payment of surplus shall occur within a period which may not exceed three years from the registration of the cooperative in the Register of Cooperatives as defined by the articles and the rules of procedure.
Insofar as the capital is not fully paid, the cooperative may not increase its statutory minimum capital, except if such capital increase is realized through in-kind contributions or the arrival of new members.
Unofficial translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 69
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 270 of the Acte uniforme relatif au droit des sociétés coopératives/akn/ohada/act/loi/2010-12-15/auscoop-2010
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