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Property Mortgaged or Pledged with Banks Proclamation (No. 97/1998).

País/Territorio
Etiopía
Tipo de documento
Legislación
Fecha
1998
Fuente
FAO, FAOLEX
Fuente original
Federal Negarit Gazeta No. 16, 4th year, 19 February 1998, pp. 674-676.
Materia
Tierra y suelos
Palabra clave
Propiedad Procedimientos judiciales/procedimientos administrativos Transferencia Contrato/acuerdo
Área geográphica
Africa, Africa Oriental, Naciones en desarrollo sin litoral, Países menos desarrollados, Sahel
Resumen

This Proclamation amends the Civil Code concerning the sale of property mortgaged or pledged with banks in order to create a conducive environment to economic development by enabling banks to collect their debts from debtors efficiently and thereby promoting a good business culture. It declares contracts authorizing a creditor bank with which a property has been mortgaged or pledged and whose claim is not paid within the time stipulated in the contract, to sell the property by auction upon giving a prior notice of at least 30 days to the debtor and to transfer the ownership of the property to the buyer, to be valid. It also provides for some other matters relative to the recovery of debts related to land-based credit.

Texto completo
Inglés
Página web
www.ethiopar.net

Referencias - Legislación

Enmendado porr

Property Mortgaged or Pledged with Banks (Amendment) Proclamation (No. 216/2000).

Legislación | Etiopía | 2000

Palabra clave: Propiedad, Procedimientos judiciales/procedimientos administrativos, Transferencia

Fuente: FAO, FAOLEX