Lex Cameroon

Acte uniforme portant organisation des procédures collectives d'apurement du passif › Title 0 › Chapter 5 › Section 4

SECTION 178

After the settlement of claims and so long as the receivership proceedings are not closed by a decision approving the composition agreement or the union of creditors by a decision taken under the conditions laid down in Article 170 above, the competent court shall, at any time, declare, at the request of the debtor or the Bankruptcy Trustee, or even on its own motion, closed the collecting proceedings where there are no more debts due or where the Bankruptcy Trustee has enough funds or where the sums due in capital, interest and expenses have been deposited. Where a creditor dies, or is absent or refuses to receive his money, the said sum of money shall be deposited into an account specially opened in a bank or post office or the Public Treasury; proof of such deposit shall be as good as a receipt. Creditors may not claim more than three years of interest accruing at the legal rate from the date of the decision acknowledging the cessation of payments. Closure shall be declared upon the report of the Judge Administrator acknowledging the existence of the conditions provided for in paragraphs (1) and (2) of this article. The decision shall be published as provided for in Articles 36 and 37 above.
Official translation Spot-checked In force from 10 April 1998 Source page 58

Spot-checked against the official gazette — not yet verified line by line. How Lex Cameroon marks its texts →

A question about this section?

Enter to send · Shift+Enter for a new line

Texte français

This provision has no official French version. You can read an unofficial machine translation — for understanding only, never to quote.

Cited by

Refers to

Contents

Section 178 of the Acte uniforme portant organisation des procédures collectives d'apurement du passif /akn/ohada/act/loi/undated/aupcap-1998
Report an error in this text