The contract of pledge may not be binding on the debtor of the secured debt unless he was given due notice thereof in writing, or was a party thereto.
Failing that, only the settlor shall rightfully receive payment of the debt on condition that he pays the amount received to the secured creditor unless otherwise provided and without prejudice to the provisions of article 134 of this Uniform Act.
Official translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 33
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 132 of the Acte uniforme révisé portant organisation des sûretés/akn/ohada/act/loi/2010-12-15/aus-2010
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