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Structural division: BOOK TWO › party › CHAPTER THREE
Article 282 — Paying up of Shares by way of Contributions In-kind
New Ethiopian Commercial Code Proclamation No. 1243 2021 English Version
Article text
1/ Where transfer of ownership and obtaining title deed in the name of the company are required with regard to contributions in kind, such formalities shall be completed within six month from the date of registration of the company.
2/ Without prejudice to other rights conferred on shareholders by this law, shares representing contributions in kind may not be issued to the shareholder and assigned to third parties before the expiry of one year from the date of registration of the company.