The invalidity of a company shall only derive from an express provision of this uniform Act or, subject to the provisions of the next paragraph, from texts governing the invalidity of agreements.
The invalidity of the company entails its dissolution followed by its liquidation in accordance with the provisions of this Uniform Act.
In private limited companies and share companies, the invalidity of the company shall not be caused by a defective consent or the legal incapacity of a member unless such legal incapacity affects all the founding members.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 68
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 242 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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