Without prejudice to potential liability of the cooperative, every officer shall be individually liable to third parties for misconduct in the performance of his duties.
Where several cooperative officers are involved in collective misconduct, they shall be jointly liable to third parties. However, with respect to relations among the officers, the competent court shall determine the share to be borne by each of them in apportioning damages to be paid.
Unofficial translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 39
The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision.
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Section 122 of the Acte uniforme relatif au droit des sociétés coopératives/akn/ohada/act/loi/2010-12-15/auscoop-2010
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