In the cases provided for in the two preceding articles the property shall be valuated by an expert appointed by the parties or by the court.
Where the value exceeds the secured debt, the mortgagee-creditor shall owe the settlor an amount equal to the difference. Where there are other mortgagee-creditors the mortgagee-creditor shall hold the difference on their behalf. Any contrary clause shall be disregarded.
Official translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 46
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 200 of the Acte uniforme révisé portant organisation des sûretés/akn/ohada/act/loi/2010-12-15/aus-2010
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