Where the contribution consists of the enjoyment of property, the contributor shall be a guarantor for the company as a lessor for the lessee. However, when the contribution consists of fungible goods or all other assets meant to be renewed during the company’s existence, the contract shall transfer ownership of the assets contributed to the company on condition that it gives an equal quantity, quality and value in return. In this case, the contributor shall be a guarantor for the company under the conditions laid down in the preceding article.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 20
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 47 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.