Funds received in payment of equity interests shall be immediately deposited by the founder in a bank or any other duly accredited credit or microfinance institution, against a receipt, on an account opened in the name of the company being formed, or with a notary’s office.
The payment of equity interests and the deposit of the funds shall be recorded in the articles of association.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 90
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 313 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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