Lex Cameroon

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

SECTION 177

A public limited company or private limited company shall not hold shares or stocks in a company which holds more than 10% of its capital. Failing agreement between the companies concerned to regularize the situation, the company with the lower fraction of the capital of the other shall relinquish its shares or stocks. Where both companies hold equal fractions of each other’s capital, each company shall reduce its own interest in the other to not more than 10%. The shares or stocks to be transferred shall lose their voting rights and payment of dividends attached thereto until they have been effectively transferred.
Official translation Spot-checked In force from 17 April 1997 Source page 46

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Texte français

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Section 177 of the Uniform Act relating to commercial companies and economic interest groups /akn/ohada/act/loi/undated/auscgie-1997
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