Each State Party may provide that the authority or the competent court select the bank (s) in which trustees are bound to open a special account for the purpose of depositing proceeds from the reorganization and liquidation of assets proceedings. Unless authorized by the receiver in case the bankruptcy proceeding is too complex, only one special account shall be open for each separate bankruptcy proceeding.
Unofficial translation
Transcription: Spot-checked
In force from 24-12-2015
Source page 17
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 4-22 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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