Where the underlying title holder fails to exercise his pre-emptive subscription right, the
usufructuarymay replace him to subscribe for the new shares or sell the subscription rights.
Where the usufructuarysells the subscription rights, the underlying title holder may
demandreinvestment of the proceeds of the transfer. The assets, thus acquired, shall be subject to
usufruct.
Unofficial translation
Machine-parsed
In force from 8 September 2026
Source page 161
Section 583 of the Acte uniforme révisé relatif au droit des sociétés commerciales et du groupement d'intérêt économique/akn/ohada/act/loi/undated/auscgie-2014