Merger, demerger and partial contribution of assets operations shall be decided, for each of the companies involved, pursuant to conditions required for the amendments of the articles of association and in accordance with procedures followed for capital increase and company dissolution. The invalidity of relevant deliberations shall be governed by the same rules.
However, where the proposed transaction has the effect of increasing in the commitments of members or shareholders of one or more companies involved, it may only be decided unanimously by the said members or shareholders. Resolutions taken in violation of the provisions of this paragraph shall be null.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 59
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 197 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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