Except otherwise provided for and for everything relating to secured debts, the creditors shall be represented by the surety agent in their dealings with their debtors, sureties, as well as with all persons who have allocated or transferred property as security, and with any other third party.
Within the powers conferred by the creditors of the secured debt or debts, the agent may bring any action including court proceedings to defend the interests of the said creditors. The mere indication that he does so as an agent shall suffice.
Official translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 8
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 8 of the Acte uniforme révisé portant organisation des sûretés/akn/ohada/act/loi/2010-12-15/aus-2010
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