The meeting may reduce the value of contributions in kind or special benefits only by unanimity of the subscribers and with the express consent of the contributor or the beneficiary.
The consent of the contributor or the beneficiary shall be stated in the minutes when the value attributed to the assets contributed or to the special benefits granted is different from the one determined by the contributions auditor. Shareholders and directors or the managing director, as the case may be, shall be jointly liable to third parties for five years, for the value attributed to contributions and/or to special benefits.
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.
How Lex Cameroon marks its texts →
Section 409 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
Report an error in this text
AI features are in beta
Where an official English or French text exists, we show it; where none does, we give
a translation, clearly marked as one and never presented as the official text. We make
every AI feature as accurate as we can, but it can be wrong and is not legal advice —
always check the cited official text.