The new shares shall belong to the underlying title holder for underlying title and to the
usufructuaryfor usufruct. However in the event the underlying title holder or the
usufructuaryprovides funds to make or finalizea subscription, the new shares shall belong to the
P. 162 of 267
underlying title holder and the usufructuaryonly up to the limit of the subscription rights: the
excess of the new shares shall belong, as a free hold, to the party who paid for them.
Removal of pre-emptive rights
Unofficial translation
Machine-parsed
In force from 8 September 2026
Source page 161
Section 585 of the Acte uniforme révisé relatif au droit des sociétés commerciales et du groupement d'intérêt économique/akn/ohada/act/loi/undated/auscgie-2014