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Structural division: books › party › CHAPTER SIX
Article 407 — Definition
New Ethiopian Commercial Code Proclamation No. 1243 2021 English Version
Article text
1/ A debenture is a negotiable debt instrument whereby the issuing company undertakes to pay the debenture holder a fixed interest for a specified period of time and to repay him the principal loan upon the maturity date.
2/ Debentures of the same issue with equal par value shall confer equal rights on the debenture holders.
