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Business Mortgage Proclamation (No. 98/1998).

Country/Territory
Ethiopia
Document type
Legislation
Date
1998
Source
FAO, FAOLEX
Original source
Federal Negarit Gazeta No. 17, 4th year, 19 February 1998, pp. 677-682 (including corrigendum).
Subject
Land & soil
Keyword
Ownership Legal proceedings/administrative proceedings Transfer
Geographical area
Africa, Eastern Africa, Landlocked Developing Nations, Least Developed Countries, Sahel
Abstract

This Proclamation provides for the registration of mortgages established on businesses and the sale of a business mortgage by auction. Each Region or City shall keep a register of business mortgages. Only businesses that have been registered and given business license by the appropriate Federal or Regional authority may be mortgaged.

Full text
English
Website
www.ethiopar.net