Lex Cameroon

Acte uniforme relatif au droit des sociétés coopératives › Title 6 › Chapter 2 › Section 1

SECTION 182

P. 57 of 110 Members can organize a friendly liquidation of the cooperative when the provisions of the articles soauthorize. In such a case, the articles shall: - prescribe the conditions for carrying out the liquidation, including the appointment of the liquidator (s), his/their remuneration, the scope of his/their mandate, control arrangements of his/their mandate by members. - define provisions relating to the liquidation surplus, which may be allocatedto other cooperatives governed by the provisions of this Uniform Act or institutions or organizations working for the promotion of the cooperative movement. - Prescribe also procedures for settlement of disputes that may arise between the parties concerned in the liquidation. Any clause stipulating that memberswaive their right to go to the competent court when problems cannot be dealt with according to the provisions laid down by the articlesshall be deemed unenforceable.
Unofficial translation Machine-parsed In force from 8 September 2026 Source page 56

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

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Texte français

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Contents

Section 182 of the Acte uniforme relatif au droit des sociétés coopératives /akn/ohada/act/loi/undated/auscoop-2010
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