Lex Cameroon

Acte uniforme relatif au droit commercial général › Title 2 › Chapter 3

SECTION 118

Any document recording the transfer of the business shall set out: 1°) for natural persons, the complete civil status of the vendor and the purchaser, the full name, corporate name, legal form, address of the registered office, and the trade objectives of the vendor and the purchaser in the case of corporate persons. 2°) their registration number in the Trade and Personal Property Rights Register; 3°) where applicable, the origin of the property belonging to the previous vendor; 4°) the statement of preferential rights, pledges and entries burdening the business; 5°) the turnover for each of the past three years of operation or, where it has not been operated for over three years, since the acquisition of the business; 6°) results obtained during the same period; 7°) the lease, its date and duration, the name and address of the lessor and where applicable, of the vendor; 8°) the agreed price; 9°) the situation and the elements of the business sold; 10°) the name and address of the bank designated escrow agent where the sale is made by a private contract.
Official translation Spot-checked In force from 17 April 1997 Source page 39

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Texte français

This provision has no official French version. You can read an unofficial machine translation — for understanding only, never to quote.

Contents

Section 118 of the Acte uniforme relatif au droit commercial général /akn/ohada/act/loi/undated/audcg-1997
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