Lex Cameroon

Acte uniforme révisé portant organisation des sûretés › Title 3 › Chapter 1

SECTION 199

Today
Provided that the settlor is a legal or natural person duly registered in the Trade and Personal Property Rights Register and that the mortgaged property is not a dwelling house, it may be agreed in the mortgage contract that ownership of the said house shall be transferred to the creditor. After the thirty days’ time limit following an unheeded notice to pay by an extrajudicial act, the mortgagee-creditor may cause the transfer to be recorded by deed made in accordance with the manner and form required by the State Party for the transfer of real property.
Official translation Transcription: Spot-checked In force from 16-05-2011 Source page 45

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ARTICLE 199

Contents

Section 199 of the Acte uniforme révisé portant organisation des sûretés /akn/ohada/act/loi/2010-12-15/aus-2010
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