Funds generated by the payment of shares shall be deposited immediately by the founding members or by one of them, duly authorized to that effect, at the bank, in a savings and credit union, a postal check office or in any other institution approved by the legislation of the State party to receive such deposits against a receipt in an account opened in the name of the cooperative being formed.
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 213 of the Acte uniforme relatif au droit des sociétés coopératives/akn/ohada/act/loi/2010-12-15/auscoop-2010
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