Subject to the provisions of this uniform Act, the agreement shall prescribe the organization of the economic interest group and freely set the contribution of each member to the group debts.
Failing this, each member shall bear an equal share of the debt.
During its existence, the group may accept new members under the conditions set forth in the agreement.
Any member may withdraw from the group under the conditions stipulated in the agreement, provided that he has fulfill its obligations.
The agreement shall be in writing and shall be subject to the same conditions of publicity as companies prescribed in this uniform Act.
It shall contain the following information:
1) the name of the economic interest group; 2) the name, trade name or company name, legal form, address of domicile or headquarters and, where applicable, the registration number at the registry of commerce and securities for each of the members of the economic interest group; 3) the duration for which the economic interest group is formed; 4) the purpose of the economic interest group; 5) the address of the headquarters of the economic interest group.
Any amendments to the agreement shall be prepared and published under the same conditions as the agreement itself. They shall be enforceable against third parties only from the date of such announcement.
Instruments and documents from the economic interest group and intended for third parties, including letters, invoices, notices and various publications must state legibly the name of the group, followed by the words “economic interest group” or by the abbreviation “G.I.E.”.
Any violation of the provisions of the paragraph above is an offense.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 242
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 876 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
Report an error in this text
AI features are in beta
Where an official English or French text exists, we show it; where none does, we give
a translation, clearly marked as one and never presented as the official text. We make
every AI feature as accurate as we can, but it can be wrong and is not legal advice —
always check the cited official text.