Lex Cameroon

Acte uniforme révisé relatif au droit des sociétés commerciales et du groupement d'intérêt économique › Book 4 › Title 1 › Chapter 2

SECTION 741

Besides the suit for damages suffered personally, shareholders may, either individually, or collectively, file a derivative lawsuit against the directors. Where they represent at least one-twentieth of the stated capital, shareholders may, in the common interest,designate, at their own cost, oneor several of them to represent them, both as plaintiffs and defendants, in the derivative lawsuit. The withdrawal of one or moreof the said shareholders during the proceedings, either voluntarily, or due to the loss of shareholder status, has no effecton the continuation of the said suit for liability. The plaintiffs shall be eligible to seek compensation for the entire loss suffered by the company, if any, to whichdamages are awarded.
Unofficial translation Machine-parsed In force from 8 September 2026 Source page 197

Machine-parsed — not yet checked against the official gazette. How Lex Cameroon marks its texts →

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Texte français

This provision has no official French version. You can read an unofficial machine translation — for understanding only, never to quote.

Contents

Section 741 of the Acte uniforme révisé relatif au droit des sociétés commerciales et du groupement d'intérêt économique /akn/ohada/act/loi/undated/auscgie-2014
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