Lex Cameroon

Uniform Act relating to commercial companies and economic interest groups › Title 2

SECTION 168

Any clause in the Articles of Association which subjects the institution of action in the interest of the company to the prior notification or authorization of the general assembly, the company’s management, supervisory or administrative authorities, or which prescribes in advance a renunciation of the right to such action shall be void. This provision shall not bar a member or members who have instituted action from coming to an arrangement with the person or persons against whom action has been brought for the purpose of settling the dispute.
Official translation Spot-checked In force from 17 April 1997 Source page 45

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Texte français

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Section 168 of the Uniform Act relating to commercial companies and economic interest groups /akn/ohada/act/loi/undated/auscgie-1997
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