The lessee-manager shall be a merchant, and shall be subject to all obligations arising therefrom.
He must comply with the provisions regulating registration in the Register of Commerce and Securities.
Every lease management agreement shall be registered, in addition to being published by the more diligent party and at the expense of the lessee-manager within fifteen days of its date, in the form of an extract in a newspaper empowered to publish legal notices and circulating where the enterprise is registered in the Register of Commerce and Securities.
The owner of the enterprise, if he is a merchant, is required to pay for the change to his registration in the Register of Commerce and Securities by stating the lease management of his enterprise.
The expiry of the expected or anticipated term of the lease management agreementshall entail the same measures of publicity at the expense of the lessee-manager.
Unofficial translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 48
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 139 of the Acte uniforme révisé portant sur le droit commercial général/akn/ohada/act/loi/2010-12-15/audcg-2010
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