Lex Cameroon

Uniform Act relating to commercial companies and economic interest groups › Title 5

SECTION 885

The dissolution of the economic interest group shall lead to its liquidation. The personality of the group shall subsist for the purposes of the liquidation. The liquidation shall be carried out in accordance with the provisions of the contract. Failing this, a liquidator shall be appointed by the general meeting of the members of the economic interest group or, where the meeting is unable to make such appointment, by decision of the president of the competent court. After settlement of the debts, the surplus of assets shall be shared among the members under the conditions laid down by the contract. Failing this, the sharing shall be done in equal parts.
Official translation Spot-checked In force from 17 April 1997 Source page 193

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Texte français

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Contents

Section 885 of the Uniform Act relating to commercial companies and economic interest groups /akn/ohada/act/loi/undated/auscgie-1997
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