The board of directors shall set, in agreement with the chief executive officer, the scope of powers conferred to the deputy chief executive officer .
In his dealings with third parties, the deputy chief executive officer shall have the same powers as those of the chief executive officer. He shall bound the company by his actions, including those which do not within the company purpose under the terms and limits set forth in article 122 above.
The provisions of the articles of association, decisions of the board of directors or of the general meetings limiting the powers of the deputy chief executive officer shall not be enforceable against bona fide third parties.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 131
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 472 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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