Goods and movable assets may be claimed if they exist in nature in whole or in part, whose sale has been carried out successfully prior to the decision to open the proceedings, either by a court decision, or pursuant to an exception or a granted condition subsequent.
Likewise, the claim may be partially admitted, although the decision to sell has been pronounced or recorded subsequently to the decision to open the proceedings when the action for termination was brought to court prior to the opening decision by the seller who is not paid yet.
However, a claim shall not be filed if, before the restitution of goods and movable assets, in addition to the pronouncement of costs and damages, the price is paid fully and immediately by the trustee following the authorization of the receiver.
Unofficial translation
Transcription: Spot-checked
In force from 24-12-2015
Source page 72
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 →
Section 106 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
AI features are in beta
Where an official English or French text exists, we show it; where none does, we give
a translation, clearly marked as one and never presented as the official text. We make
every AI feature as accurate as we can, but it can be wrong and is not legal advice —
always check the cited official text.