Lex Cameroon

Acte uniforme portant organisation des procédures simplifiées de recouvrement et des voies d'exécution › Book 2 › Title 8 › Chapter 2 › Section 3

SECTION 262

In the case of non-payment, the summons to pay shall entail attachment with effect from the date of registration. The landed property and the revenue therefrom shall be immobilized under the conditions provided for in the article s below. The debtor may neither alienate the landed property nor encumber it with a real right or charge. The registrar or administrative authority shall refuse to carry out any other registration. However, the transfer or constitution of real rights shall be valid where, before the date fixed for the auction sale, the purchaser or creditor deposits a sufficient sum to settle the principal, interest and costs owed the registered creditors as well as the distrainor, and serves them notice of the deposit deed. The sums thus deposited shall be specially assigned to the registered creditors and the distrainor. Under no circumstances shall extra time be granted to pay the said deposit where a deposit is not made before the auction sale.
Official translation Spot-checked In force from 10 April 1998 Source page 69

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Texte français

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Contents

Section 262 of the Acte uniforme portant organisation des procédures simplifiées de recouvrement et des voies d'exécution /akn/ohada/act/loi/undated/aupsrve-1998
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