Any secured creditor who is holder of an unquestionable liquid and due claim may, concerning any financial bond and any sum of money appearing in the pledged account, after notice is served personally or by registered mail on the debtor, liquidate the security within eight days or at the expiration of any other time limit he and the holder of the account had beforehand agreed upon.
The said notice shall also be served on the settlor of the pledge where he is not the debtor and to the keeper of the account where he is the secured creditor of the pledged debt.
Official translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 36
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 152 of the Acte uniforme révisé portant organisation des sûretés/akn/ohada/act/loi/2010-12-15/aus-2010
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