The founding members and the first officers to whom the nullity of the simplified cooperative is attributable shall be jointly liable towards the other members and individuals other than the latter for the damage caused by the cancellation.
The action shall lapse after three years from the day the decision to nullify becomes final.
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.
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Section 216 of the Acte uniforme relatif au droit des sociétés coopératives/akn/ohada/act/loi/2010-12-15/auscoop-2010
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