Under pain of nullity the contract of pledge shall be in writing with the indication of the secured debt, the quantity of assets given on pledge as well as their type and nature.
Unless otherwise agreed, where the pledge bears on an asset or a set of future assets the right of the creditor on the collateral shall be exercised as soon as the settlor acquires ownership.
Official translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 26
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 96 of the Acte uniforme révisé portant organisation des sûretés/akn/ohada/act/loi/2010-12-15/aus-2010
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