Lex Cameroon

Acte uniforme relatif au droit des sociétés coopératives › Title 1 › Chapter 1 › Section 2

SECTION 15

The memberwhose membership has been terminated by the board of directors or the management committee’s resolution may appeal to the general meeting for the annulment of suchresolution. The effect of the special decision of the board of directors or the management committeeshall be suspended until a special resolution is passed by the general meeting. The general meeting shall ruleon the special resolution appeal either by cancelling or confirming the terminationunder the conditions set forth in the Articles of Association. The terminationdecided by the general meetingshall, in all cases, be made without prejudice to the right of appeal of the common law available to the member against the termination decision. Paragraph 3: Social rights of the terminatedmember and current undertakings The cooperative shall reimburse the member all sums due under the same conditions as the member who withdraws. However, the termination of a member does not relieve him of his debts or obligations to the cooperative or a running contract therewith. Furthermore, the cooperative shall not be obligated to pay to the memberbefore the maturity of the balance of any fixed-term loan that has been consented and which is not due.
Unofficial translation Machine-parsed In force from 8 September 2026 Source page 16

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

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Texte français

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

Contents

Section 15 of the Acte uniforme relatif au droit des sociétés coopératives /akn/ohada/act/loi/undated/auscoop-2010
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