Lex Cameroon

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

SECTION 16

When the address of the terminatedmember is unknown to the cooperative despite all reasonable efforts to find him,and two years have elapsed since the termination, the cooperative shall transfer all sums owed to him to a reserve fund. Such sums shall no longer bear interests beyond a period of two (2) years from their deposit into the reserve fund. Amounts thus transferred shall be paid to any individual who shows evidence that he is entitled to that money within a period of five (05) years from the transfer. They shall be acquired on a precarious basis to the State after a five (05) year period.
Unofficial translation Machine-parsed In force from 8 September 2026 Source page 16

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