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Structural division: books › party › CHAPTER SIX
Article 408 — Cases where Issuance of Debenture is Permitted
New Ethiopian Commercial Code Proclamation No. 1243 2021 English Version
Article text
A share company may borrow money through the issuance of debentures where:
1/ its capital is fully paid-up; and
2/ it has been in business for at least one year and has a balance sheet approved by its general meeting.
