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