At the end of the assets liquidation operations, and at the expiry of the time limit set in article 33
(3) above, even if assets have not been fully realized, the trustee, in the presence of debtor or after he has been duly summoned by the court registrar by hand-delivered letter against a receipt or by registered mail with acknowledgement of receipt or by any means in writing, shall submit his accounts to the receiver who shall draw minutes to record the end of the liquidation operations.
The minutes shall be forwarded to the competent court which shall decree the end of the assets liquidation and, at the same time, settle disputes related to the accounts of the trustee filed by the debtor or the creditors.
P. 101 of 139 The Union shall automatically be dissolved and the creditors shall recover their individual right only on assets that could not be realized during the liquidation.
Unofficial translation
Transcription: Spot-checked
In force from 24-12-2015
Source page 100
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 →