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Structural division: BOOK TWO › CHAPTER THREE
Article 191 — Obligations of the Partners
New Ethiopian Commercial Code Proclamation No. 1243 2021 English Version
Article text
1/ Each partner shall:
a) pay his contribution to the partnership in due time;
b) work diligently and with due care to achieve the purpose of the partnership;
c) refrain from handling, either for his own benefit or for a third person, any business which would be prejudicial to the partnership;
d) be jointly and severally liable for the debts of the partnership; and
e) discharge other obligations arising out of the memorandum of association and membership. 2/ Creditors of the partnership may not take an action against individual partners for debts due by the partnership until after the partnership has been served a default notice. However, an action for the repayment of fictitious dividends may be brought at any time directly against individual partners.