Lex Cameroon

Acte uniforme portant organisation des procédures collectives d'apurement du passif › Title 2 › Chapter 2 › Section 1

SECTION 11

Today
Unless the president of the competent court grants a reasoned authorization, the decision to initiate the preventive settlement shall prohibit the debtor, on pain of becoming null and void: - from paying, in whole or in part, claims incurred prior to the decision of opening; - From undertaking something foreign to the normal operation of the company or to grant a security provision. It shall also be prohibited to the debtor to pay off joint debtors and individuals who have granted a personal security or assigned or transferred property as collateral when they paid claims incurred prior to the opening decision.
Unofficial translation Transcription: Spot-checked In force from 24-12-2015 Source page 28

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 →

Commencement the preventive settlement Preventive procedures Preventive settlement

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ARTICLE 11

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Section 11 of the Acte uniforme portant organisation des procédures collectives d'apurement du passif /akn/ohada/act/loi/2015-09-10/aupcap-2015
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