Funds thus deposited shall not be available until the day of the registration of the cooperative at the Register of Cooperatives. From that day onwards, they shall be put at the disposal of the management committee appointed in the Articles of Association or in a subsequent instrument.
Where the cooperative may not be registered within the period of six months from the first day of the deposit of funds, contributors may, either individually, or through a proxy representing all of them, request the withdrawal of their contribution funds to the chairman of the competent court.
The contributors may also, individually or collectively, request the authorization for individual withdrawal of their contributions to the authority in charge of cooperatives.
Unofficial translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 57
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 214 of the Acte uniforme relatif au droit des sociétés coopératives/akn/ohada/act/loi/2010-12-15/auscoop-2010
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