Lex Cameroon

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

SECTION 777

The defaulting shareholder, successive transferees and subscribers shall be jointlyliable for the amount of share that remains unpaid. The company may take action against them either before or after the sale, or at the same time to collect both the amount due and to get reimbursed for incurred costs. Whoever paid off the company shall be entitled to take action against successive holders of the shareto recover everything. The final burden of the debt shall fall on the last of those shareholders. Shares redemption
Unofficial translation Machine-parsed In force from 8 September 2026 Source page 206

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

A question about this section?

Enter to send · Shift+Enter for a new line

Texte français

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

Contents

Section 777 of the Acte uniforme révisé relatif au droit des sociétés commerciales et du groupement d'intérêt économique /akn/ohada/act/loi/undated/auscgie-2014
Report an error in this text