Any debt owed by a third party may be assigned to a national or foreign legal person as security for a loan it may granting the course of its normal banking and credit professional operations.
The non-assignability of the debt shall not be relied upon by the debtor-assignor against the assignee where it arises from a contract and in the course of the exercise of the profession of the debtor-assignor or where the debt has a direct link with one of his professional activities even if the said activity is not the debtor’s main activity.
Official translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 24
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 80 of the Acte uniforme révisé portant organisation des sûretés/akn/ohada/act/loi/2010-12-15/aus-2010
Report an error in this text
AI features are in beta
Where an official English or French text exists, we show it; where none does, we give
a translation, clearly marked as one and never presented as the official text. We make
every AI feature as accurate as we can, but it can be wrong and is not legal advice —
always check the cited official text.