The autonomous guarantee and the autonomous counter guarantee shall take effect at the date of issue unless a later date is stated.
The principal’s orders, the autonomous guarantee and the autonomous counter guarantee shall be irrevocable where they are of a fixed duration.
Where the duration is not fixed, the autonomous guarantee or the autonomous counter guarantee may be revoked respectively by the guarantor or the counter guarantor.
Official translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 16
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 43 of the Acte uniforme révisé portant organisation des sûretés/akn/ohada/act/loi/2010-12-15/aus-2010
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