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Structural division: BOOK TWO › CHAPTER TWO
Article 186 — Nature and Extent of Contributions
New Ethiopian Commercial Code Proclamation No. 1243 2021 English Version
Article text
1/ Each partner shall make a contribution in the form of money, movable or immovable property, skill, trademark, goodwill, patent, copyright, lease right, usufruct or other contributions.
2/ Ownership of property or the use of property may form a contribution.
3/ Unless otherwise agreed, contributions shall be equal and of the nature and extent required for carrying out the business purpose of the partnership. 4/ Valuation of contribution in kind shall be as agreed by the partners.
5/ Where it is shown that a contribution in kind has been overvalued, the contributing member shall pay in cash the difference between the overvaluation and the actual value of the contribution. Where such partner is unable to pay the difference in cash, the value of his share in the partnership shall be adjusted to reflect its actual value.