Absent the approval by the general meeting of bondholders of the proposals ofthe company
regarding its merger or demerger, the company may override that and bondholders shall retain
their capacity of bondholders in the acquiring company or the new company born from the
merger or in the companies arising from the demerger, as the case may be.
Where the company decides to override the refusal of approval by the general meeting of
bondholders, the chief executive officer, the general manager or the general director, as the case
may be, shall inform the representative of thegroup of bondholders of the decisionby hand-
delivered letter against a receipt or by registered mail with request for acknowledgement of
receipt.
The bondholders group may file an objection to the merger or demerger beforethe competent
court.
The lattermayeither overrule the objection or order either repayment of the bonds, orthe
provision of guarantees where the acquiring company or the company being split offers any they
are deemed sufficient.
Unofficial translation
Machine-parsed
In force from 8 September 2026
Source page 216
Section 810 of the Acte uniforme révisé relatif au droit des sociétés commerciales et du groupement d'intérêt économique/akn/ohada/act/loi/undated/auscgie-2014