Measures Of Execution - Application For Diversion - Nullity Of Mortgage - Validity Of Mortgage - Attachment - Administration Of Estate - Letters Of Administration - Co-ownership - Alienation - Trustees - Powers Of Administrator - Personal Estate - Indivisibility Of Property - Conditions For Mortgage - Specifications - Observations And Declarations - Eventual Hearing - Family Property - Security - Capacity To Mortgage - Distribution Of Property - Interest Of Beneficiaries - Personal Representatives - Dismissal Of Application - Order Of Sale
The court had to rule on an application for diversion of attached property based on the nullity of its mortgage. To arrive at its decision, the court had to determine the validity of the mortgage deed by a single co-owner and the possibility of attachment of the mortgaged property. Section 121 of the 1997 Uniform Act Organising Securities provides that persons whose rights over property are subject to duly notified conditions, cancellation or rescission, may only grant a mortgage on the property subject to the same conditions, cancellation or rescission. However, mortgages granted by all the co-owners of joint property shall remain effective regardless of the outcome of any subsequent sale by auction or sharing of the property. Though the 1997 Uniform Act did not address the question of mortgage of indivisible property by one single co-owner, the position is that a single co-owner can mortgage joint property but the interest of all the beneficiaries must be taken into consideration thus, the mortgage is valid.
Concerning the possibility of attachment of the mortgaged joint property, section 249 of the Uniform Act Organising Simplified Recovery Procedures and Measures of Execution stipulates that the indivisible part of real property may not be put up for sale before the sharing or liquidation that may be prompted by the creditors of a co-owner. Hence, the property can be attached but cannot be sold before distribution. The application for diversion was, therefore, dismissed.
Sections 15, 117, 121 And 127 Uas 1997,
Sections 194 And 227 Uas 2010,
Sections 249, 308, 309, 310 And 311 Uasrpme
Les membres et sympathisants du Cercle OHADA du Burkina sont conviés à assister à la première Assemblée Générale statutaire de l'année 2025 qui se tiendra le samedi 10 mai 2025 à partir de 10h30 au siège social à Ouagadougou.
The Regional Advanced School of Magistracy (ERSUMA) of the Organisation for the Harmonisation of Business Law in Africa (OHADA) is organising an international colloquium from 22 to 25 October 2025 in Cotonou (Benin) on the theme “Artificial Intelligence and Africa: Perspectives from Jurists, Political Scientists, Economists and Sociologists”.
L'École Régionale Supérieure de la Magistrature (ERSUMA) de l'Organisation pour l'Harmonisation en Afrique du Droit des Affaires (OHADA) a le plaisir de vous annoncer la parution du numéro 78 du Bulletin ERSUMA de Pratique Professionnelle (BEPP).
Co-organised by the OHADA Permanent Secretariat and the Young Employers' Organisation (OJEP), the theme of this event is: “How to invest safely in Africa thanks to OHADA instruments in sectors with high growth potential”.
Le corps des défenseurs judiciaires d'Uvira en collaboration avec le Cabinet Bruno Buanga et associés organise à Uvira (RDC) en date du 17 mai 2025 un séminaire de formation sur l'arbitrage et la médiation OHADA : fondement, différence, avantages et perspectives
On Monday 14 April 2025, the OHADA Permanent Secretariat welcomed to its Headquarters in Yaoundé (Cameroon) students of the Master Programme in International Litigation of the Institute of International Relations of Cameroon (IRIC) and a delegation of the OHADA Club of the same Institute.
This event, organised by the Department of Business Law of the Faculty of Law and Political Science of the said University, was enriched by five presentations. First to take the floor during the proceedings was Dr. Alexis NDZUENKEU, head of OHADA delegation. He addressed participants in English on the following topic: “OHADA and its Institutions: a Guarantee of Economic Growth in Africa”.
The Faculty of Law and Economics of Mohamed V University in Rabat has been hosting since this morning an international conference on “OHADA Law: Challenges and Perspectives”.
The Permanent Secretary of OHADA, Prof. Mayatta Ndiaye MBAYE, paid a courtesy visit on Wednesday 16 April 2025 to Her Excellency Ms. Jeannette Marcelle GOTCHANGA, Ambassador of the Central African Republic to Cameroon.