Anycreditor who registered a lien or pledge, or having regularly lodged objections may, within one month of the publication of the sale in a newspaperempoweredtopublishlegal notices,launch a bidequal to 1/6 overthe price of the enterprise set out in the bill of sale.
When the enterprisehas been subjected to a forced sale, secured and objecting creditors shall benefitfromthe same bidding rightthatmustbe exercised within the same time limit starting from the award.
The bidder shall report the amount of the price increased by 1/6, within the same period, at the clerk of the competent court or the competent body in the State party.
Unofficial translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 52
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 163 of the Acte uniforme révisé portant sur le droit commercial général/akn/ohada/act/loi/2010-12-15/audcg-2010
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