Any conventional or judicial deed constituting a mortgage shall be registered in conformity with the rules of publicity enacted for that purpose by the State Party where the encumbered property is situated.
A regularly published mortgage shall take its rank on the date of registration.
Where the real property rights subject of a mortgage consists of other proprietary rights such as usufruct, surface rights, long lease or building lease, notice of the registration of the mortgage shall be given to the usufructuary, to the owner of the soil and subsoil or to the lessor.
Official translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 45
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 195 of the Acte uniforme révisé portant organisation des sûretés/akn/ohada/act/loi/2010-12-15/aus-2010
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