Lex Cameroon

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

SECTION 15

Where a debtor either by agreement or by the laws of each State Party or by a court decision shall provide a surety, the said surety shall be resident or choose an address within the area of jurisdiction of the court of the place where he shall be needed unless the said requirement is waived by the creditor or the competent court. The said surety shall show proof of solvency which shall be assessed taking into account all the elements of his estate. The debtor who cannot find a surety may in replacement thereof provide real security of a value acceptable to the creditor.
Official translation Spot-checked In force from 15 December 2010 Source page 10

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