A surety-bond shall not be presumed no matter the nature of the secured debt. It shall be proved by a deed signed by the surety and the creditor. Mention shall also be made in the deed, in the surety’s handwriting, and in words and figures of the maximum secured amount covering the principal, interest and other accessories. In case of disparity the amount in words shall be deemed the secured sum.
The surety who does not know or cannot write shall be assisted by two witnesses who shall attest in the deed to his identity and presence and to the fact that the nature and the effects of the deed were explained to him. The presence of attesting witnesses shall exempt the surety from complying with the formalities provided for in the preceding paragraph.
The provisions in this article shall equally apply to surety-bonds required by the laws of each State Party or by a court decision.
Official translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 9
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 14 of the Acte uniforme révisé portant organisation des sûretés/akn/ohada/act/loi/2010-12-15/aus-2010
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