The proposed demerger shall be submitted to the meetings of bondholdersof the company being
split unless refund of bonds is offered at their demand. The demerger carried out in violation of
this paragraph shall be null.
Where bonds are to be reimbursed on demand, companies benefiting from contributions resulting
from the demerger shall be joint debtors of bondholders thatdemand to be reimbursed.
Unofficial translation
Machine-parsed
In force from 8 September 2026
Source page 186
Section 686 of the Acte uniforme révisé relatif au droit des sociétés commerciales et du groupement d'intérêt économique/akn/ohada/act/loi/undated/auscgie-2014