Where the collateral results from a court order or an agreement, and the value of the asset exceeds the amount due, the pledgee-creditor shall deposit the balance if there are other creditors
who have a lien on the same asset, or failing which, he shall pay it to the settlor. Any clause to
the contrary shall be disregarded.
Official translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 28
The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision.
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Section 105 of the Acte uniforme révisé portant organisation des sûretés/akn/ohada/act/loi/2010-12-15/aus-2010
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