Lex Cameroon

Uniform Act relating to commercial companies and economic interest groups › Title 1 › Chapter 2

SECTION 741

In addition to the action for the award of personal damages, the shareholders may, either individually or collectively, institute proceedings in the company’s interest, as the case may be, against the directors or the managing director. Shareholders may, where they represent at least 5% of the company’s capital, authorize, in their common interest and at their expense, one or more shareholders to represent them in prosecuting or defending an action involving the company. The withdrawal of one or more of the said shareholders from the action either voluntarily or because of loss of their status as shareholders shall have no effect on the continuation of the said action. The plaintiffs may institute proceedings for the reparation of all the injuries suffered by the company for which, where necessary, damages may be awarded.
Official translation Spot-checked In force from 17 April 1997 Source page 162

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Texte français

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Section 741 of the Uniform Act relating to commercial companies and economic interest groups /akn/ohada/act/loi/undated/auscgie-1997
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