Lex Cameroon

Uniform Act relating to commercial companies and economic interest groups › Title 1 › Chapter 3

SECTION 408

Each non-cash contribution and each special benefit shall be the object of a special vote by the meeting. The meeting shall approve or disapprove the shares valuer’s report on the valuation of non-cash contributions and the grant of special benefits. The shares of the contributor or of the beneficiary of special benefits, even where he is also a cash subscriber, shall not be taken into account when computing the quorum and the majority and the contributor or the beneficiary of special benefits shall not vote either by himself or as authorized agent.
Official translation Spot-checked In force from 17 April 1997 Source page 100

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Texte français

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Contents

Section 408 of the Uniform Act relating to commercial companies and economic interest groups /akn/ohada/act/loi/undated/auscgie-1997
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