Lex Cameroon

Uniform Act relating to commercial companies and economic interest groups › Title 2 › Chapter 3

SECTION 349

In ordinary meetings or in ordinary written consultations, decisions shall be adopted by one or more members representing more than half of the capital. Failure to attain this majority, and except otherwise stipulated by the Articles of Association, the members shall once more be convened or consulted, as the case may be, and decisions shall be taken by a majority vote irrespective of the proportion of the capital represented. However, in all cases, managers may not be removed except by an absolute majority. Sub-section 2 Agreements between the company and one of its managers Paragraph 1 Regulated agreements
Official translation Spot-checked In force from 17 April 1997 Source page 86

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Texte français

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Section 349 of the Uniform Act relating to commercial companies and economic interest groups /akn/ohada/act/loi/undated/auscgie-1997
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