Where a preemption clause is stipulated in the articles of association, any transfer of shares carried out in violation of the pre-emptive right shall be null.
Where a preemption clause is stipulated in the conventions of article 2-1 above, any transfer of shares carried out in violation of the preemption right shall be null whenever it is proven that one of the beneficiaries had knowledge of it, or could not ignore its existence.
Shares pledge
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 197
The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision.
How Lex Cameroon marks its texts →
Section 771-3 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