Under pain of nullity the assignment of a debt as a security shall be executed in a written instrument containing the following information:
1) The names or company name of the assignor and the assignee;
2) Date of the assignment; and
3) The designation of the secured debts and assigned debts.
Where these are future debts, the instrument shall permit their identification or contain elements permitting their identification such as information identifying the debtor, the place of payment, the amount of the debts or their value and where necessary, their maturity date.
Official translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 24
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 81 of the Acte uniforme révisé portant organisation des sûretés/akn/ohada/act/loi/2010-12-15/aus-2010
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