In addition to the suit for damages for losses suffered personally, the members may, individually or as a group, initiate a suit for civil liability against the directors.
If they represent at least half of the members of the cooperative with a board of directors, the members, acting for their common interests, may retain one or several members among them to represent them as either plaintiff or defendant in the suit for civil liability.
The withdrawal of one or several shareholders during the trial shall have no effect on the continuation of the said suit for liability.
The plaintiffs shall be entitled to pursue the suit for damages for the overall damage suffered by the cooperative to which damages shall be awarded as the case may be.
Unofficial translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 92
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 375 of the Acte uniforme relatif au droit des sociétés coopératives/akn/ohada/act/loi/2010-12-15/auscoop-2010
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