Where the surety voluntarily accepted by the creditor or appointed by the court later becomes insolvent, the debtor shall provide another surety or allocate real property of the same value acceptable to the creditor.
The exception to this rule shall be where the creditor’s acceptance of the main contract was conditioned on the debtor providing a particular surety.
Official translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 10
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 16 of the Acte uniforme révisé portant organisation des sûretés/akn/ohada/act/loi/2010-12-15/aus-2010
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