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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