Lex Cameroon

Acte uniforme portant organisation des procédures collectives d'apurement du passif › Title 2 › Chapter 2 › Section 5

SECTION 50

Where the debtor’s funds are insufficient to immediately defray the costs of the receivership or liquidation decision, or the costs of notification, posting and publication of the said decision in newspapers, affixing, keeping and removing seals or instituting actions for the declaration that certain acts not be binding on him, making up the deficit, extending the collective proceedings and the personal bankruptcy of the managers of the company, the Public Treasury shall, upon the decision of the Judge Administrator, advance sums to cover such costs; the advanced sums shall be paid in preference from the first sums recovered. This provision shall be applicable to appeal proceedings against the decision ordering the receivership or liquidation proceedings.
Official translation Spot-checked In force from 10 April 1998 Source page 22

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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.

Contents

Section 50 of the Acte uniforme portant organisation des procédures collectives d'apurement du passif /akn/ohada/act/loi/undated/aupcap-1998
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