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Structural division: BOOK TWO › party
Article 196 — Liability of a Partner Leaving
New Ethiopian Commercial Code Proclamation No. 1243 2021 English Version
Article text
A partner who has withdrawn from the partnership shall be liable jointly and severally with the partnership for the debts and liabilities incurred by the partnership before his departure. The liability may be transferred to his substitute if the creditors of the partnership consent to that.