Lex Cameroon

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

SECTION 28

Where there are many sureties for the same debtor and for the same debt, unless their liability is joint or the benefit thereof is waived, each surety may upon the institution of proceedings by the creditor, request that the debt be shared among the sureties who are credit worthy at the time the issue is raised. One surety shall not be responsible for the insolvency of the other sureties after the debt has been shared. The creditor who decides to institute an action against any one or more of the sureties may not go back on that decision and shall bear the insolvency of the said sureties without the possibility of transferring their insolvency to the other sureties.
Official translation Spot-checked In force from 15 December 2010 Source page 12

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