Where shares have usufruct attached, the offer to purchase shall be made to the underlying title holder. However, the repurchase of shares shall be final only where the usufructuary has expressly consented to the transaction.
Unless otherwise agreed between the underlying title holder and the usufructuary, the repurchase price of shares shall be divided between them proportionally to the value of their respective rights to the shares.
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 648 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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