A legal entity may be appointed director. At its appointment, it must appoint a permanent representative by sending a hand-delivered letter against a receipt or by any means leaving a written record addressed to the cooperative for the duration of its mandate. Although this permanent representative is not a director in the cooperative, he shall be subject to the same conditions and obligations and shall incur the same civil and criminal liability as if he was a director in his own name, without prejudice to the joint liability of the legal entity that he represents.
Unofficial translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 75
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 296 of the Acte uniforme relatif au droit des sociétés coopératives/akn/ohada/act/loi/2010-12-15/auscoop-2010
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