The meeting may reduce the value of in-kind contributions only at the unanimity of subscribers and with the express consent of the contributor.
The consent of the contributor shall be stated in the minutes when the value attributed to the assets contributed is different from the value determined by the contributions auditor or the parent cooperative.
Members and directors shall be jointly and severally liable to third parties for the value attributed to contributions for five years.
Unofficial translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 72
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 285 of the Acte uniforme relatif au droit des sociétés coopératives/akn/ohada/act/loi/2010-12-15/auscoop-2010
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