The constitution of a non possessory pledge of stocks, may give rise to the issue by the registrar
or the competent official in the State Party of a pledge note.
In that case, the deed establishing the pledge shall under pain of nullity, contain in addition to
the information provided for in article 96 of this Uniform Act, the name of the insurers covering
the pledged stocks against theft, fire and total or partial damage as well as the designation of
company responsible for the payment.
Official translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 31
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 121 of the Acte uniforme révisé portant organisation des sûretés/akn/ohada/act/loi/2010-12-15/aus-2010
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