Under pain of nullity, the pledge of business property shall be in writing and shall contain the following information :
1) The designation of the creditor, debtor and the settlor where he is not the debtor;
2) The precise name and head office and where necessary, its branches;
3) The elements of the pledged business property;
4) The elements which shall permit the identification of the secured debt such as the amount or its valuation, its duration and settlement date.
Official translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 39
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 163 of the Acte uniforme révisé portant organisation des sûretés/akn/ohada/act/loi/2010-12-15/aus-2010
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