Lex Cameroon

Acte uniforme portant organisation des procédures collectives d'apurement du passif › Title 1 › Chapter 1

SECTION 9

The decision provided for under Article 8 above shall suspend or prohibit all individual lawsuits for the payment of debts indicated by the debtor and contracted prior to the decision. The suspension shall apply to measures of execution as well as to preventive measures. It shall apply to all unsecured creditors having general liens or special secured debts such as a special lien on personal property, a pledge, a collateral security or a mortgage, with the exception of creditors who are due wages. The suspension of individual lawsuits shall neither apply to an action for the acknowledgment of a right or disputed claim nor to an action relating to foreign exchange against the signatory of a negotiable instrument other than the beneficiary of the suspension of individual lawsuits. Consequently, the time limits granted creditors shall under pain of forfeiture, prescription or cancellation of their rights be suspended during the entire period of the suspension of the lawsuits.
Official translation Spot-checked In force from 10 April 1998 Source page 10

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