Lex Cameroon

Acte uniforme révisé portant organisation des sûretés › Title 1 › Chapter 2

SECTION 70

The creditor shall be bound to keep the asset withheld in good state. Notwithstanding the preceding paragraph, he may by order of the competent court given upon an urgent application proceed to sell the asset where the state or the perishable nature of the said asset so requires or where the cost of keeping the asset is disproportionately higher than its value. In that case, the possessory lien shall be transferred to the proceeds of sale which shall be consigned.
Official translation Spot-checked In force from 15 December 2010 Source page 22

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