When the merger is realized with contributions to a new simplified cooperative, this may be formed without any further contribution than that of the merging cooperatives.
When the dissolution is realized with contributions to new simplified cooperatives, these may be formed without any further contribution than that of the cooperative being dissolved.
In the cases provided for in the two preceding paragraphs, the members of cooperatives which disappear may automatically act as founding members of the new cooperatives.
Unofficial translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 68
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 264 of the Acte uniforme relatif au droit des sociétés coopératives/akn/ohada/act/loi/2010-12-15/auscoop-2010
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