The general meeting called to approve the accounts for the fiscal year is entitled to allocate the distributable surplus as defined in Article 239 above, in order and the proportion determined by the articles, and in particular:
- to retained earnings;
- to the allocation of all funds to legal and optional reserves;
- To a paid-up capital and equity and related funds, payment being made in cash or allocation of membership shares.
Unofficial translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 63
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 240 of the Acte uniforme relatif au droit des sociétés coopératives/akn/ohada/act/loi/2010-12-15/auscoop-2010
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