The effect of irresponsible bidding shall be to nullify the adjudication proceedings on the ground
that the successful bidder failed to meet his obligations thereby causing a new auction sale of
the property.
Bidding shall be deemed irresponsible where the successful bidder:
(1) fails to show proof within twenty (20) days following the auction sale that he has paid
the purchase price and the costs and fulfilled the conditions of the terms of reference;
(2) fails to carry out publication of the decision of the court or the report drawn up by the
notary public of the auction sale at the land registry within the period provided for in
Official translation
Spot-checked
In force from 10 April 1998
Source page 84
Section 314 of the Acte uniforme portant organisation des procédures simplifiées de recouvrement et des voies d'exécution/akn/ohada/act/loi/undated/aupsrve-1998