Lex Cameroon

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

SECTION 879

The economic interest group shall be administered by one or more natural or corporate persons provided that in the case of a corporate person, such corporate person shall designate a permanent representative, who shall incur the same civil and criminal liabilities as if he were a director in his own name. Subject to the above, the contract or, failing that, the general meeting of members of the economic interest group shall freely organize the administration of the group and appoint the directors whose duties, powers and conditions of dismissal it shall determine. In relations with third parties, a director shall commit the economic interest group for any act connected with the object of the group. No limitation of powers may be invoked against third parties.
Official translation Spot-checked In force from 17 April 1997 Source page 191

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Texte français

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Section 879 of the Uniform Act relating to commercial companies and economic interest groups /akn/ohada/act/loi/undated/auscgie-1997
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