The contributor of services shall render the services she pledged to contribute and shall disclose all profits made through the activity that is the subject of her contribution.
The articles of association shall describe the services contributed and determine the terms of its payment, including the length of services to be provided by the contributor, the number of securities allocated in compensation of such services, and rights attached to these securities in connection with distribution of profits and net assets. Furthermore, the articles of association shall prescribe the procedures for liquidating those securities, should the contributor of services ceases to carry out the activity subject of her contribution.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 21
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 50-2 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