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
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 147 of the Acte uniforme révisé portant organisation des sûretés/akn/ohada/act/loi/2010-12-15/aus-2010
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