The articles of association shall define the assignment and reimbursement conditions and shall determine the value of such rights, in all cases where there is provision for the assignment of a member’s social rights or reimbursement thereof by the cooperative.
In the event of a dispute, the assignment or reimbursement value shall be determined by the parent institution to which the cooperative is a subsidiary and failing that, by an expert appointed by mutual agreement of the parties or appointed by the competent court ruling expeditiously.
Paragraph 4: Reduction of the number of members below the legal Threshold
Unofficial translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 21
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 50 of the Acte uniforme relatif au droit des sociétés coopératives/akn/ohada/act/loi/2010-12-15/auscoop-2010
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