Lex Cameroon

Acte uniforme révisé portant organisation des sûretés › Title 1 › Chapter 5

SECTION 147

The pledge of financial bonds may be constituted between parties and also between the legal person issuing them and third parties by a declaration dated and signed by the holder of the account. Under pain of nullity the notice constituting the pledge shall contain the following information: 1) The designation of the creditor, debtor and settlor of the pledge; 2) The number and nature of the financial bonds forming the initial basis of the pledge; 3) The elements which shall permit the identification of the secured debt such as its amount or valuation, duration and maturity date; 4) The identification items of the pledged special account.
Official translation Spot-checked In force from 15 December 2010 Source page 35

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Texte français

This provision has no official French version. You can read an unofficial machine translation — for understanding only, never to quote.

Contents

Section 147 of the Acte uniforme révisé portant organisation des sûretés /akn/ohada/act/loi/undated/aus-2010
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