The counsel who is the last bidder shall, within three days of the auction sale, disclose the
successful bidder and furnish his written acceptance or proxy which shall remain annexed to
the original of the ruling of the court or the report drawn up by the notary public, otherwise, he
shall be deemed to be the successful bidder.
The successful bidder shall have the option within twenty-four (24) hours, to disclose in an act
known as ‘declaration of real purchaser’, that he did not bid on his own account, but on the
account of person whose name he shall disclose.
Official translation
Spot-checked
In force from 10 April 1998
Source page 77
Section 286 of the Acte uniforme portant organisation des procédures simplifiées de recouvrement et des voies d'exécution/akn/ohada/act/loi/undated/aupsrve-1998