The liquidator shall be liable to the cooperative and third parties for damaging consequences resulting from his misconduct during the performance of his duties.
Derivative or individual suit for civil liability against the liquidator shall lapse after three years, from the date of the damaging fact or from the date of its disclosure in case it was concealed.
However, when the fact is deemed a felony, the lawsuit shall lapse after a period of ten years.
Unofficial translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 52
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 194 of the Acte uniforme relatif au droit des sociétés coopératives/akn/ohada/act/loi/2010-12-15/auscoop-2010
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.