A security shall be the allocation of an asset or property in favour of a creditor to guarantee the discharge of an obligation or obligations, whatever their legal nature, provided that such obligation or obligations is existing, prospective, ascertained or ascertainable, conditional or unconditional and of a fixed or changing amount.
Official translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 7
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 1 of the Acte uniforme révisé portant organisation des sûretés/akn/ohada/act/loi/2010-12-15/aus-2010
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