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Movable Property Security Right Proclamation No. 1147/2019.

Country/Territory
Ethiopia
Document type
Legislation
Date
2019
Source
FAO, FAOLEX
Subject
Agricultural & rural development, Land & soil, General
Keyword
Access-to-information Institution Dispute settlement Liability/compensation Agricultural commodities Agricultural development Breeders' rights/farmers' rights Intellectual property rights/patents Property rights Credit Registration Right of use
Geographical area
Africa, Eastern Africa, Landlocked Developing Nations, Least Developed Countries, Sahel
Abstract

This Proclamation shall apply to rights in movable property created by agreement that secure payment of credit or other performance of an obligation. This Proclamation shall not apply to: security right in securities traded on exchanges; a mortgage of a ship with all accessories required for its use subject to the Maritime Code; among others. Under the Proclamation "movable assets" includes, inventories, agricultural products, incorporeal assets, corporeal assets, the right to use land unless prohibited by pertinent laws; a security right under a hire-purchase agreement, security trust deed, trust receipt, commercial consignment, mortgage of a business, sale with ownership reserved, sale with right of redemption, security rights in certificated securities, and security rights in warehouse receipts, motor vehicle, trailer, agricultural machinery, construction machinery, industrial machinery, and other properties excluding land, house and building.

Full text
English/Amharic
Website
www.mofed.gov.et