The negotiation on a promise of shares is prohibited unless it concerns shares to be issued during
a capital increase of a company whose old shares are already listed on the official list of astock
exchange of one or more States parties. In this case, the negotiation shall only be valid if it is
carried out under the condition precedent ofthe realization of thecapital increase. Absent an
express statement, such condition is presumed.
Unofficial translation
Machine-parsed
In force from 8 September 2026
Source page 202
Section 760 of the Acte uniforme révisé relatif au droit des sociétés commerciales et du groupement d'intérêt économique/akn/ohada/act/loi/undated/auscgie-2014