Unless otherwise provided for by the articles of association or otherwise provided for by this uniform Act, rights and obligations of each member, referred to in article 53 above shall be proportional to the amount of his contributions, whether they are made at the formation of the company or during the life of the company.
However, provisions attributing to a member the totality of profits made by the company, or exempting him from all liabilities for losses, as well as those excluding a member from sharing in the profits or charging all losses to a member, are deemed unwritten.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 22
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 54 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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