Creditors whose debt is guaranteed by a special security or a general privilege shall retain the benefit of their security, whether or not they have subscribed to the statement provided for in
article 120 above and regardless of the content of such statement, except where otherwise
provided by this Uniform act or express waiver of their own security.
Creditors with general privileges shall take part in the vote under the same conditions as unsecured creditors, but without losing the benefit of their liens.
P. 80 of 139
Unofficial translation
Transcription: Spot-checked
In force from 24-12-2015
Source page 79
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 →
Section 121 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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