Debts settlement shall be prescribed for three (3) years from the date on which the final statement of claims is drawn up. In the case of cancellation or annulment of the arrangementofthelegal entity,the prescription, suspended during the duration of the composition, shall begin to run again.
However, the trustee shall again have a time limit which may not be less than one year, to institute the action.
P. 107 of 139
Unofficial translation
Transcription: Spot-checked
In force from 24-12-2015
Source page 106
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 186 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.