Lex Cameroon

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

SECTION 365

In the absence of an assessment made by a shares valuer or where such assessment is disregarded, the members shall be liable under the conditions laid down in Article 312 of this Uniform Act. However, the meeting shall not reduce the value of contributions or of special benefits except by unanimous decision of the subscribers and with the express consent of the contributor or the beneficiary mentioned in the minutes. Failing this, there shall be no increase of capital. Paragraph 2 Reduction of capital
Official translation Spot-checked In force from 17 April 1997 Source page 90

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Texte français

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Section 365 of the Uniform Act relating to commercial companies and economic interest groups /akn/ohada/act/loi/undated/auscgie-1997
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