Where the collateral in the possession of the debtor consists of fungibles, the contract may authorize the settlor to dispose of them on condition that he replaces them with the same quantity of equivalent things. The authorization given to the settlor shall amount to a waiver by the creditor of his right to pursue this property in the hands of a subsequent buyer for the enforcement of his claim.
Official translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 27
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 102 of the Acte uniforme révisé portant organisation des sûretés/akn/ohada/act/loi/2010-12-15/aus-2010
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