The proceedings shall only be valid if subscribers present or represented own at least half of the shares. Where the quorum is not met, a second notice of meeting shall be sent to subscribers, at least six (6) days before the date set for the meeting.
On the second notice of meeting, proceedings shall be valid only if subscribers present or represented own at least a quarter of the shares. Where this last quorum is not met, the meeting shall be held within a period of two months from the date set by the second notice of meeting.
The subscribers shall be called at least six days before the date of the meeting.
On the third notice of meeting, proceedings shall be valid only where the quorum conditions referred to in the paragraph above are met.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 115
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 405 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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