The transformation of a company is the operation whereby a company changes legal form by decision of the members.
The regular transformation of a company does not entail the creation of a new legal entity. It is only an amendment of the articles of association and is subject to the same conditions and time limits thereof.
However, the transformation of a company in which the members’ liability is limited to their contributions into a company in which their liability is unlimited shall be decided unanimously by the members. Resolutions passed in violation of the provisions of this paragraph shall be void.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 55
The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision.
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Section 181 of the Acte uniforme révisé relatif au droit des sociétés commerciales et du groupement d'intérêt économique/akn/ohada/act/loi/2014-01-30/auscgie-2014
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