Lex Cameroon

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

SECTION 200

In the cases provided for in the two preceding articles the property shall be valuated by an expert appointed by the parties or by the court. Where the value exceeds the secured debt, the mortgagee-creditor shall owe the settlor an amount equal to the difference. Where there are other mortgagee-creditors the mortgagee-creditor shall hold the difference on their behalf. Any contrary clause shall be disregarded.
Official translation Spot-checked In force from 15 December 2010 Source page 46

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Texte français

This provision has no official French version. You can read an unofficial machine translation — for understanding only, never to quote.

Contents

Section 200 of the Acte uniforme révisé portant organisation des sûretés /akn/ohada/act/loi/undated/aus-2010
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