Lex Cameroon

Acte uniforme portant organisation des procédures collectives d'apurement du passif › Title 2 › Chapter 3 › Section 2

SECTION 68

Today
The following acts shall be unenforceable against the body of creditors where they are carried out during the suspect period: 1) gratuitous transfer of deeds of personal and real property; 2) any commutative contract in which the obligations of the debtor exceed significantly those of the other party; 3) any payment, irrespective of the method, of debts not due, except it is a payment of a trade negotiable; 4) any payment of due debts, made otherwise than in cash, trade negotiables, transfer, levy, payment card or credit card or legal, judicial or conventional set-off of debts having a connection between them or any other ordinary payment method or commonly accepted in business exchanges in the sector of activity of the debtor; 5) any real conventional security pledged as a collateral security for a debt previously contracted, unless it replaces a prior security interest of a nature and extension at least equivalent or that it is granted in pursuance of a previous agreement in insolvency; 6) Any provisional registration of a court-ordered conservatory mortgage or conservatory pledge.
Unofficial translation Transcription: Spot-checked In force from 24-12-2015 Source page 57

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 →

Acts unenforceable to the body of creditors Preventive procedures

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ARTICLE 68

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Section 68 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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