The merger is the operation whereby two (2) or more companies merge to form a single one either by creating a new company or by absorption by one of them.
A company, even under liquidation, may be absorbed by another company or may participate in the formation of a new company through merger.
The merger entails the universal assignment of the assets of the company or companies that disappear as a result of a merger to the absorbing company or to the new company.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 57
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 189 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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