(1) Once the factoring contract takes effect, the adherent shall assign to the factor all or part of his eligible and available receivables which are not under a factoring
contract with another factor, or mort-
gaged to a third party. He shall subro-
gate the factor to all his rights, actions or guarantees attached to the assigned receivables.
(2) The assignment referred to in
Official text
Transcription: Machine-parsed
In force from 23-04-2014 (date unconfirmed)Source page 3
Section 6 of the Law n°2014/6 of 23 April 2014 governing factoring in Cameroon/akn/cm/act/loi/2014-04-23/2014-006
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.