Le caractère d’ordre public du principe de la libre transmissibilité des actions en droit des sociétés commerciales de l’OHADA

Abstract

Abstract In order to protect various interests and guarantee legal certainty, the OHADA legislator has provided the essential rules for each form or category of company. Thus, the distinction between joint stock companies and public limited companies is based, in particular, on free negotiability and/or the free transferability of shares. To preserve this distinction, the principle of the free transferability of shares is of a public policy nature and therefore justifies a restriction of the contractual freedom of the partners. The latter may in fact have recourse to agreements relating to the transfer of shares (approval clause, preemption clause, inalienability clause) only on condition that this does not entail the abolition of the principle of the free transferability of shares.