A legal entity may be appointed director. Upon its appointment, it must appoint, by hand-
delivered letter against a receipt or by registered mail with request for acknowledgement of receipt addressed to the company, for the duration of its term, a permanent representative.
Although such permanent representative is not personally a director of the company, he is subject to the same conditions and obligations and shall incur the same civil and criminal liability as if he was a director in his own name, without prejudice to the joint liability of the legal entity that he represents.
The permanent representative may or may not be a shareholder of the company.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 118
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 421 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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