Where shares offered for purchase do not reach the number of shares to be purchased, the stated capital shall be reduced to the amount of shares purchased.
However, the board of directors or the general director, as the case may be, may decide to repeat the transaction under the conditions set forth in articles 643 and 644 above, until the full purchase of the number of shares initially set, provided that the transaction is repeated within the time specified by the decision of the general meeting that authorized the reduction of capital.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 171
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 646 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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