Lex Cameroon

Acte uniforme portant organisation des procédures collectives d'apurement du passif › Title 2 › Chapter 2 › Section 2

SECTION 45

Funds eventually collected by the Bankruptcy Trustee, whatever their source, shall immediately be paid into an account specially opened for each collective proceedings. The account shall be held either in a bank, post office or the Public Treasury. The Bankruptcy Trustee shall tender proof of such deposits to the Judge Administrator within a period of eight days following the collection of the funds. In the case of late payments, the Bankruptcy Trustee shall pay interest on the sums he has not deposited. The Judge Administrator shall fix the sums of money necessary for expenses and costs of the proceedings. Where funds due the debtor have been deposited into a special account by any third party, the said funds shall be transferred from the special account into an account opened by the Bankruptcy Trustee in the name of the collective proceedings provided that the Bankruptcy Trustee causes the withdrawal of any objections that may eventually be lodged. The funds so deposited may be withdrawn only by virtue of a decision of the Judge Administrator.
Official translation Spot-checked In force from 10 April 1998 Source page 21

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

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Texte français

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

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Section 45 of the Acte uniforme portant organisation des procédures collectives d'apurement du passif /akn/ohada/act/loi/undated/aupcap-1998
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