The creditor shall be bound to keep the asset withheld in good state.
Notwithstanding the preceding paragraph, he may by order of the competent court given upon an urgent application proceed to sell the asset where the state or the perishable nature of the said asset so requires or where the cost of keeping the asset is disproportionately higher than its value.
In that case, the possessory lien shall be transferred to the proceeds of sale which shall be consigned.
Official translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 22
The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision.
How Lex Cameroon marks its texts →
Section 70 of the Acte uniforme révisé portant organisation des sûretés/akn/ohada/act/loi/2010-12-15/aus-2010
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