Lex Cameroon

Acte uniforme révisé portant organisation des sûretés › Title 5 › Chapter 2

SECTION 9

Where the constitution or the realization of a security results in a transfer of the property to the surety agent, the property so transferred shall form part of the capital allocated for his mission and shall be kept separate from his personal estate. The same shall be for payments received by the agent in the course of his mission. Subject to the eventual exercise of the creditor’s right to pursue the debtor’s property and, outside the cases of fraud, such property may be seized only by the holders of claims arising from the preservation and management of the said property including collective proceedings for the discharge of debts against the surety agent.
Official translation Spot-checked In force from 15 December 2010 Source page 8

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