Lex Cameroon

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

SECTION 85

Where the debtor of the assigned debt is a professional debtor within the meaning of article 3of this Uniform Act, he may at the request of the assignee commit himself to pay directly by accepting the said assignment. In that case, the debtor may not set up against the assignee any defense based on his personal relationship with the assignor unless the assignee on acquiring or receiving the loan acted knowingly to the detriment of the debtor. Under pain of nullity, the said commitment shall be by an instrument titled “Deed of Acceptance of an Assignment of a Debt as Security” reproducing in sufficiently clear letters the provisions of this article.
Official translation Spot-checked In force from 15 December 2010 Source page 25

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