Lex Cameroon

Acte uniforme révisé portant organisation des sûretés › Title 1 › Chapter 3

SECTION 77

Where full payment is not be made on the due date, the creditor may ask for the restitution of the asset in order to regain the right to sell it. For the purpose of payment the value of the said asset shall be deducted from the balance of the secured debt. Where the value of the asset recovered is more than the said balance, the creditor shall owe the debtor an amount equal to the difference. Any clause contrary to paragraphs 2 and 3 above shall be disregarded.
Official translation Spot-checked In force from 15 December 2010 Source page 23

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