Liquidation of Banks

The bank's management is very complex. In practice, the complexity of the problem of corruption along with the collapse of many banks today, as a result, we Credit Agricole, piyo, BICIC etc. There is no need for the expansion of bank liquidation, some of the problem is now heading to.

Cameroon created and managed under the Companies Act, the law governing the operations of the bank, however, is more extensive. Banks, in particular, the Commission bancaire des etats de l'Afrique Central (COBAC) derived from regional agreements are governed by legal rules and policies. In fact, it approved the dissolution of a bank that is a commission established under COBAC system.

In order to pay off their debt and the liquidation of its distribution to shareholders because what is left is a winding up of the bank affaires. Different from the ordinary laws of the dissolution provisions of canon 1 to No 3 on 17/4/90 states. 27/4/90 Act Section 1 No. 3 specifically recommends, because the dissolution of a bank and the main distinguishing element between the normal rules of that is the fact that the bank can not be dissolved by a court, this would have to be voluntary liquidations

Be wound up by a resolution of its members, while acknowledging that the practice leads to liquidation of a bank. Bank resolution for winding up the bank appoints a property. Tell us winding up of Cameroonian law and the effects of varied uses synonymously liquidation.

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