Lex Cameroon

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

SECTION 155

Today
Unless otherwise provided for in this Uniform act, a mutual agreement property sale shall be subject to the provisions thereof. The decision authorizing the mutual agreement private sale shall appoint the notary mandated to carry out the sale. The notary shall inform, by hand-delivered letter against a receipt or by registered mail with acknowledgement of receipt or by any means in writing, the registered creditors listed on the property rights delivered following the publication of the decision to consult the terms of reference sent to his chambers at least two (2) months before the date set for the sale and to have their contentions and observations entered on it at least one (1) month before such date. The notary shall summon the creditors to the sale using the same methods. The trustee and the debtor shall be invited to the sale by the notary at least one (1) month in advance.
Unofficial translation Transcription: Spot-checked In force from 24-12-2015 Source page 95

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 →

Assets liquidation solution Preventive procedures Solutions of reorganization and assets liquidation

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Official text Unreviewed pair

ARTICLE 155

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Section 155 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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