The founding members as well as the first members of the management or administration committees shall be jointly liable for the prejudice caused, either by the omission of a mandatory statement in the articles, or by the omission or improper completion of a formality required for the formation of a cooperative.
Similarly, members of the management or administration committee who are in office then shall incur the same liability under the above paragraph in the event of irregularity in the amendment of the articles.
Unofficial translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 24
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 65 of the Acte uniforme relatif au droit des sociétés coopératives/akn/ohada/act/loi/2010-12-15/auscoop-2010
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