On the date the contract is signed, the pledge of an existing or future debt shall take effect between the parties irrespective of the date of signature, date of maturity or payability of the secured debt and may be binding on third parties upon registration in the Trade and Personal Property Rights Registry irrespective of the law applicable to the debt or the law of the country of residence of the debtor.
Official translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 32
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 131 of the Acte uniforme révisé portant organisation des sûretés/akn/ohada/act/loi/2010-12-15/aus-2010
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