In addition to the revenue received in advance subjected to the rules governing securities, financial and credit institutions may, if they are so authorized by the regulations in force, grant three months loan on the listed transferable securities which the pledgee-creditor may, in the absence of reimbursement, distrain any day after the default in the stock exchange without formality.
Subsection 2
Pledge of Account of Financial Bonds
Official translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 35
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 145 of the Acte uniforme révisé portant organisation des sûretés/akn/ohada/act/loi/2010-12-15/aus-2010
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