Property Mortgaged or Pledged with Banks Proclamation (No. 97/1998). Pays/Territoire Éthiopie Type du document Législation Date 1998 Source FAO, FAOLEX Source d'origine Federal Negarit Gazeta No. 16, 4th year, 19 February 1998, pp. 674-676. Sujet Terre et sols Mot clé Propriété Procédures judiciaires/procédures administratives Transfert Contrat/accord Aire géographique Afrique, Afrique Orientale, Nations en développement sans littoral, Pays les moins avances, Sahel Résumé 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. Texte intégral Anglais Site web www.ethiopar.net Références - Législation Amendé par Property Mortgaged or Pledged with Banks (Amendment) Proclamation (No. 216/2000). Législation | Éthiopie | 2000 Mot clé: Propriété, Procédures judiciaires/procédures administratives, Transfert Source: FAO, FAOLEX