The competent court shall prepare minutes of the deliberations and decisions taken during the meeting; the signature by the creditoror his representative, the ballot papers appended to the minutes shall be equivalent to the signature of the minutes.
Establishment by the competent court of the fulfillment of all the conditions provided for in
Article 125 above shall be equivalent to ratification of the judicial composition.
Otherwise, the decision shall record the rejection of the composition and shall convert the reorganization into assets liquidation without prejudice to the application of Article 33 and 119 above.
P. 82 of 139
Unofficial translation
Transcription: Spot-checked
In force from 24-12-2015
Source page 81
The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision.
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Section 126 of the Acte uniforme portant organisation des procédures collectives d'apurement du passif/akn/ohada/act/loi/2015-09-10/aupcap-2015
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