Agreements not approved by the meeting shall nevertheless produce their effects, the contracting member of the management committee or the contracting member shall be individually or jointly liable, as the case may be, for detrimental consequences of the agreement to the cooperative.
A suit for civil liability shall be instituted within a period of three years from the conclusion of the agreement, or its disclosure where it was concealed.
Unofficial translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 65
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 250 of the Acte uniforme relatif au droit des sociétés coopératives/akn/ohada/act/loi/2010-12-15/auscoop-2010
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