Lex Cameroon

Acte uniforme révisé portant organisation des sûretés › Title 1 › Chapter 4

SECTION 105

Where the collateral results from a court order or an agreement, and the value of the asset exceeds the amount due, the pledgee-creditor shall deposit the balance if there are other creditors who have a lien on the same asset, or failing which, he shall pay it to the settlor. Any clause to the contrary shall be disregarded.
Official translation Spot-checked In force from 15 December 2010 Source page 28

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Texte français

This provision has no official French version. You can read an unofficial machine translation — for understanding only, never to quote.

Contents

Section 105 of the Acte uniforme révisé portant organisation des sûretés /akn/ohada/act/loi/undated/aus-2010
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