Except otherwise provided by national law, registration shall have a fixed duration and shall maintain the right of the creditor up to a date to be fixed by agreement or by court order within the limit of thirty years from the date of this formality. It shall cease to have effect where it is not renewed for a fixed duration before the expiration of this time limit.
The same shall apply where the mortgage is constituted for an undetermined duration.
Official translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 45
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 196 of the Acte uniforme révisé portant organisation des sûretés/akn/ohada/act/loi/2010-12-15/aus-2010
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