The articles of a simplified cooperative must necessarily contain the assessment of each in-kind contribution. Such assessment shall be made under the supervision of the parent cooperative if there is one.
Where necessary, any cooperative may seize the competent court, and failing that, the authority in charge of cooperatives so as to appoint an expert to assess in-kind contributions. The appointed expert shall prepare a report to be appended to the articles.
The remuneration of the expert shall be borne by the members unless the cooperative reimburses expenses already incurred.
Unofficial translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 56
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 211 of the Acte uniforme relatif au droit des sociétés coopératives/akn/ohada/act/loi/2010-12-15/auscoop-2010
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