Lex Cameroon

Acte uniforme portant organisation des procédures collectives d'apurement du passif › Title 2 › Chapter 4 › Section 9

SECTION 113

Today
The liquidation of assets shall put an end to the business activity of the debtor company. Exceptionally, if the public interest or that of creditors so requires, the competent court may authorize, in the judgment ordering the liquidation of assets, a provisional continuation of the business for a maximum of sixty (60) days. It can renew that period once (01), for the same duration, at the request of the trustee and after receiving the opinion of the public prosecutor. If case of a provisional continuation of the business, Article 112 (2) above shall apply, but the trustee must then submit a report each month to the receiver and the public prosecutor.
Unofficial translation Transcription: Spot-checked In force from 24-12-2015 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. How Lex Cameroon marks its texts →

Continuation of the business activity Effects of reorganization opening on creditors Preventive procedures

A question about this section?

Enter to send · Shift+Enter for a new line

Texte français

Official text Unreviewed pair

ARTICLE 113

Cited by

Refers to

Contents

Section 113 of the Acte uniforme portant organisation des procédures collectives d'apurement du passif /akn/ohada/act/loi/2015-09-10/aupcap-2015
Report an error in this text