Lex Cameroon

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

SECTION 331

Apart from legal action for damages suffered by individuals, members representing one- quarter of the members and one-quarter of company shares may, individually or as a group, bring an action on behalf of company against the manager. The plaintiffs shall be empowered to seek redress for all the damage suffered by the company for which as the case may be, reparation may be awarded. Any clause in the Articles of Association subjecting action in the company’s interest to the prior opinion or authorization of the general meeting or which entails renunciation of such action in advance shall be void. No decision of the general meeting shall have the effect of extinguishing an action in liability brought against managers for a tort committed in the cause of the performance of their duties.
Official translation Spot-checked In force from 17 April 1997 Source page 82

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Texte français

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Section 331 of the Uniform Act relating to commercial companies and economic interest groups /akn/ohada/act/loi/undated/auscgie-1997
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