The competent court may enjoin the top executives liable, in whole or in part, for the debts of the legal entity to assign their equity interests, capital securities or securities giving access to capital thereof or order compulsory assignment by the trustee, where necessary, after valuation. The proceeds of the sale shall be allocated to the payment of some of the debts of the legal entity incurred by its top executives.
Unofficial translation
Transcription: Spot-checked
In force from 24-12-2015
Source page 106
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 185 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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