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 →
Section 155 of the Acte uniforme portant organisation des procédures collectives d'apurement du passif/akn/ohada/act/loi/2015-09-10/aupcap-2015
Report an error in this text
AI features are in beta
Where an official English or French text exists, we show it; where none does, we give
a translation, clearly marked as one and never presented as the official text. We make
every AI feature as accurate as we can, but it can be wrong and is not legal advice —
always check the cited official text.