The non-possessory pledge shall cease to exist regardless of the secured debt, where the
collateral is voluntarily returned to the settlor, or where the collateral through the fault of pledgee-
creditor is lost, or where the competent court orders its restitution for a fault committed by the pledgee-creditor, unless a sequestrator is appointed to act as a third party agreed upon by the parties.
Section 4
Special Provisions relating to Certain Pledges
Subsection 1
Pledge of Professional Equipment and Motor Vehicles
Official translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 30
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 117 of the Acte uniforme révisé portant organisation des sûretés/akn/ohada/act/loi/2010-12-15/aus-2010
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