In his relations with third parties of good faith, the cooperative with a board of directors shall be committed, even by the acts undertaken by the officer in charge of management which are not in line with the corporate purpose.
The board of directors may authorize, under its responsibility, the officer in charge of management to commit the cooperative with a board of directors with respect to individuals other than the members. Such authorization shall be subject to publication at the Register of Cooperatives.
Unofficial translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 83
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 332 of the Acte uniforme relatif au droit des sociétés coopératives/akn/ohada/act/loi/2010-12-15/auscoop-2010
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