Under pain of nullity the notice referred to the article above shall contain the following information:
1) “Failing to pay, the security may be liquidated by the creditor within eight days or at the expiration of the time limit agreed beforehand with the holder of the secured account.”
2) The holder of the pledged account may, up to the expiration of the time limit mentioned above, make known to the keeper of the account the order in which sums of money or any financial bond shall be given in full ownership or sold according to the creditor’s choice”.
Official translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 37
The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision.
How Lex Cameroon marks its texts →
Section 153 of the Acte uniforme révisé portant organisation des sûretés/akn/ohada/act/loi/2010-12-15/aus-2010
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